Mr. Peter Tallman reports

KLONDIKE GOLD COMMENCES 2025 EXPLORATION AND DRILLING

Klondike Gold Corp. has commenced 2025 exploration and drilling on the company's 100-per-cent-owned Klondike district property spanning a 727-square-kilometre bedrock of gold in advanced exploration.

Peter Tallman, president and chief executive officer of Klondike, stated: "Two thousand twenty-five drilling is anticipated to commence on or before April 28, which begins a multiphase campaign to expand the extents of gold mineralization in the Eldorado Creek corridor. The overall drill plan will target significant lateral and deep vertical extensions to high-grade gold vein zones, and includes provision for the first time to drill up-to-750-metre hole length to test for significant extension of mineralization to depth."

The 2025 drilling program is based around positive new insights stemming from recent evaluation work, which has significantly updated the company's gold mineralization models. The Klondike exploration team has recast and remapped outdated geology units in use since the 1980s and compiled and mapped multiple individual thrust planes within the composite Eldorado fault thrust zone. In addition, with measurements from oriented drill core and new surface structural mapping, the company has constructed 3-D structural, vein and gold mineralization models along the Eldorado Creek corridor.

Importantly, the company has documented high-grade orogenic-style gold veining (greater than 30 grams per tonne gold) outcropping within 500 metres of vertical elevation from the level of Eldorado Creek at the bottom to the tops of hills above. Our new 3-D mineralization/structural models consistently link many undrilled Au showings together along multiple parallel, stacked mineralized faults.

These lengthy linear zones containing gold-bearing mineralization will be the focus of 2025 exploration drilling with the goal to outline a substantial area of gold mineralization extending to depth from an existing at-surface mineral resource estimate containing 581,000 ounces gold calculated at $1,700 (U.S.) gold price.

About Klondike Gold Corp.

Klondike Gold is a Vancouver-based gold exploration company advancing its 100-per-cent-owned Klondike district gold project located at Dawson City, Yukon, one of the top mining jurisdictions in the world. The Klondike district gold project targets gold associated with district-scale orogenic faults along the 55-kilometre length of the famous Klondike goldfield placer district. Multikilometre gold mineralization has been identified at both the Lone Star zone and the Stander zone, among other targets. The company has identified a pit-constrained mineral resource estimate of 469,000 indicated and 112,000 inferred gold ounces, a milestone first for the Klondike district. The company retains a 10-per-cent production royalty on the active Montana Creek placer property with payments capped at $9.5-million total over six years. The company is focused on exploration and development of its 729-square-kilometre property accessible by scheduled airline and government-maintained roads located on the outskirts of Dawson City, Yukon, within the Tr'ondek Hwech'in First Nation traditional territory.

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