An anonymous director reports

KLONDEX FILES PREFEASIBILITY STUDY FOR THE MIDAS MINE

Further to the news release dated Feb. 23, 2015, Klondex Mines Ltd.'s independent technical report, titled "Preliminary feasibility study for the Midas mine, Elko county, Nevada," has been filed on SEDAR and is now available on the Klondex Mines website. Practical Mining LLC authored the report, which is dated March 31, 2015, with an effective date of Aug. 31, 2014.

A production decision at the Fire Creek project has not been made by Klondex, as it is still in the bulk-sampling phase. Although a production decision at the Fire Creek project has not been made, the mineralized material extracted from the Fire Creek project under the bulk-sample permit is processed through the Midas mill. A production decision at the Midas mine was made by previous operators of the mine prior to the completion of the acquisition of the Midas project by Klondex, and Klondex made a decision to continue production subsequent to the acquisition. This decision by Klondex to continue production and, to the knowledge of Klondex, the production decision made by the previous operator were not based on a feasibility study of mineral reserves demonstrating economic and technical viability prepared in accordance with National Instrument 43-101. Readers are cautioned that there is increased uncertainty and higher risk of economic and technical failure associated with such production decisions.