Mr. Peter Tallman reports

KLONDIKE GOLD ANNOUNCES 2026 DIAMOND DRILLING PROGRAM UNDERWAY TO UPDATE AND EXPAND GOLD MINERAL RESOURCES

Klondike Gold Corp. has commenced its 2026 diamond drilling program at the company's 100-per-cent-owned Klondike District project, located in the Dawson mining district of Yukon, Canada.

The 2026 program is designed to support an updated and expanded gold mineral resource estimate based upon the company's initial 2022 mineral resource estimate (MRE). Drilling will focus on expanding known mineralized zones, increasing resource confidence through infill drilling and testing extensions of near-surface gold mineralization along the company's extensive structural corridor.

The initial fully financed campaign is expected to include approximately 8,000 metres of diamond drilling across priority targets within the company's flagship Lone Star and Stander zones as well as adjacent prospective areas, with completion anticipated by July, 2026. An additional phase of up to 5,000 metres of diamond drilling is planned later in the season following assessment of initial results.

The 2026 program builds on successful prior exploration campaigns that identified broad intervals of orogenic-style gold mineralization associated with quartz vein stockworks and altered host rocks.

"Our 2026 drilling campaign marks an important step toward advancing and growing the gold resources outlined in the 2022 MRE," said Peter Tallman, president and chief executive officer of Klondike Gold. "We believe significant opportunities remain to expand mineralization along strike and at depth within the district-scale property package, including follow-up on results from 137 additional drill holes totalling more than 19,000 metres reported subsequent to the 2022 resource estimate. This program is designed to systematically unlock additional value while advancing the project toward future development studies."

In addition to resource expansion objectives, the program will gather geological, structural and metallurgical data intended to support future engineering and economic evaluations. Assay results from the program are expected to be released on a continuing basis throughout the 2026 exploration season.

The Klondike District project covers a district-scale land package encompassing the entirety of the historic Klondike Goldfields placer district, where the company has documented numerous gold showings and related structures associated with a major orogenic-style gold mineralized system.

About Klondike Gold Corp.

Klondike Gold is a Canadian exploration company focused on the advancement of its 100-per-cent-owned Klondike District project in Yukon, one of the world's most historically significant placer gold districts. The company is focused on discovering and developing large-scale gold resources through systematic exploration and geological modelling. The company also maintains a mining production royalty interest in the currently active Montana Creek placer property.

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