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File: KSNR Nov 26th 2014 Completion of Initial Golder Inspection.docx


#430 - 609 Granville Street Vancouver, B.C.  Canada  V7Y 1G5 Telephone:  604-336-7766 Fax:  604-336-7767  www.klondike
--->silver.com
                                                                                                                      
--->                                      TSX-Venture: KS
FSE: K1SN

  
Klondike Silver Corp. Receives Golder Inspection Reports

November 26th 2014: Klondike Silver Corp. (TSX-v symbol: KS) (Klondike) reports that Golder Associates Ltd. (Golder) o
--->ut of Burnaby, British Columbia has completed the engineering reports announced on July 15th 2014. Golder had the duti
--->es to complete inspection reports related to the Underground Mining Structure's and Tailings Storage Facilities. This 
--->work included an update to the current Operation, Maintenance and Surveillance manual; an update to the Emergency Prep
--->aredness and Response Plan; completion of the Annual Dam Safety Inspection review; and the assessment of the potential
---> armouring along Carpenter Creek to protect these structures. 

Golder completed the Portal Inspection which reviewed the two adits at the 4625 Level and the 4000 Level focused on th
--->e visual assessment of rock bolting, the basic geometry of the drift, and ground support practises. It was concluded t
--->hat adequate support was in place. Minor upgrades to the support structure will be required prior to returning to expl
--->oration and production.

Golder completed the Annual Dam Safety Inspection which reviewed the Tailings Management Facility (TMF), including tai
--->lings ponds 1, 2, and 3 which are currently under care and maintenance. Currently pond 1 is the only tailings pond cla
--->ssified as a major impoundment as the depth of dry tailings has been determined to be greater than 10 metres. As a res
--->ult of this classification, the Canadian Dam Safety Guidelines (CDA 2013) apply. Under the CDA guidelines Golder has d
--->etermined that ponds 1, 2 and 3 all have the intermediate classification of High. This classification is as such given
---> the village of New Denver is located approximately 15 kilometres downstream of the TMF. It has been determined that a
--->ll three of the tailings ponds are very secure with minimal work recommended to increase long term stability.

Golder completed the Hydrological Inspection of Carpenter Creek which reviewed the necessity to increase the armouring
---> of the creek to prevent erosion of the creek bank. It was concluded that it will be necessary to add rip rap to armou
--->r the creek under the guidance of Golder in the summer of 2015.

It is the goal of Klondike to have all necessary modifications completed by the summer of 2015. Klondike has scheduled
---> to perform the underground work addressed in the Portal Inspection report this winter/spring.  



About Klondike Silver Corp.
Klondike Silver Corp. has assembled a quality portfolio of silver properties throughout Canada, most notably, in the h
--->istoric Slocan Mining District southeastern British Columbia. This historic camp has produced more than 24 million oun
--->ces of silver since the first discoveries in the late 1800s. Klondike Silver is the dominant land-holder controlling a
---> majority of the historic camp and the fully permitted, 100% owned "Sandon Milling Complex". The Company owns ground c
--->overing approximately 150 past producing mines and extensive underground structures. Klondike holds the past-producing
---> Silvana, Wonderful, Hinckley, Payne, Rambler, Van Roi/Hewitt, Vulture, Argenta, Jackson Basin, the Carnation and seve
--->ral other land packages in the Slocan.

For additional information please visit the company website www.klondikesilver.com

CONTACT INFORMATION
Corporate Inquiries:
Mark Luchinski: (604) 336-7766
Email: mark.luchinski@klondikesilver.com

On Behalf of the Board of Directors 
Klondike Silver Corp. 
"Richard Hughes" 

Richard Hughes 
President and Director 

"Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the
---> TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release."
 
Cautionary note:
This report contains forward looking statements.  Resource estimates, unless specifically noted, are considered specul
--->ative.  Any and all other resource or reserve estimates are historical in nature, and should not be relied upon. The p
--->roduction rate and mine-life projections have been made without support of a feasibility study, there is no certainty 
--->the proposed operations will be economically viable. By their nature, forward looking statements involve risk and unce
--->rtainties because they relate to events and depend on factors that will or may occur in the future.  Actual results ma
--->y vary depending upon exploration activities, industry production, commodity demand and pricing, currency exchange rat
--->es, and, but not limited to, general economic factors. Cautionary Note to US investors:  The U.S. Securities and Excha
--->nge Commission specifically prohibits the use of certain terms, such as "reserves" unless such figures are based upon 
--->actual production or formation tests and can be shown to be economically and legally producible under existing economi
--->c and operating conditions.