Mr. Paul Huet reports

KLONDEX MINES REPORTS SECOND QUARTER 2014 OPERATIONAL RESULTS

Klondex Mines Ltd. is releasing preliminary selected operational results for the company's second quarter ended June 30, 2014.

 
                    KLONDEX MINES OPERATIONAL RESULTS                                                              

                                          2Q 2014     1Q 2014       Total
Underground operations
Tons mined                                 54,659      22,370      77,029
Processing
Tons milled                                46,047      21,727      67,774
Au ounces recovered                        17,093      13,545      30,638
Ag ounces recovered                       325,018     158,372     483,390
Au equivalent ounces recovered             22,239      16,052      38,291
Au ounces sold                             20,293       3,369      23,662
Ag ounces sold                            343,025      58,053     401,078
Au equivalent ounces sold                  25,724       4,288      30,012

Paul Huet, president and chief executive officer, commented: "As we continued to ramp up our Nevada operations, our team delivered excellent results. Based on our first-half operating results, we are on track to meet management's expectations in 2014. More importantly, we have a stronger balance sheet as cash and working capital increased at the end of 2Q 2014, compared to 1Q 2014. The recently announced bought-deal financing, expected to close by July 31, 2014, will provide for development programs and accelerated exploration at Midas and Fire Creek."

Klondex will release its 2014 second-quarter financial and operational results after market close on Tuesday, Aug. 12, 2014, and will hold a conference call on Wednesday, Aug. 13, 2014, at 10:30 a.m. EST. The company invites you to participate in the coming conference call to discuss its second-quarter financial and operating results for 2014.

A playback of the conference call will be available through the website and will be posted within 24 hours of the call.

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