VANCOUVER, British Columbia -- (Business Wire)

KLONDIKE GOLD CORP. (TSX-V: KG) (the 'Company') is pleased to announce that it has completed the previously announced financing. The financing was fully subscribed for a total of $600,000. 5,250,000 non flow-through shares at $0.10 per share and 624,999 flow-through shares at $0.12 per share were issued along with 2,937,498 non-transferable share purchase warrants. Each warrant entitles its holder to purchase one common share at a price of $0.20 per share for a period of three years.

The Company also wishes to inform investors that it has completed all required exploration assessment work to hold its extensive land packages in both the Yukon and British Columbia. The Company’s technical team is compiling and analyzing results from its summer exploration programs in the Yukon and British Columbia and further results of exploration projects will be released as they become available.

About Klondike Gold Corp.

Klondike Gold Corp. is a Canadian exploration company with offices in Vancouver, British Columbia and Dawson City, Yukon. The Company is focused on the development of its Yukon and British Columbia gold properties. In addition the Company holds a large portfolio of base metal projects in southeastern British Columbia.

Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this press release. Statements in this press release, other than purely historical information, including statements relating to the Company's future plans and objectives or expected results, may include forward-looking statements. Forward-looking statements are based on numerous assumptions and are subject to all of the risks and uncertainties inherent in resource exploration and development. As a result, actual results may vary materially from those described in the forward-looking statements.

Contacts:

Klondike Gold Corp.
Robert A. Young, 604-685-2222 (Ext 398)
info@klondikegoldcorp.com
or
Erich Rauguth, 604-685-2222
President & CEO

Source: Klondike Gold Corp.