Mr. Thomas Kennedy reports

KLONDIKE SILVER OPENS PRIVATE PLACEMENT

Klondike Silver Corp. is raising up to $500,000 through a non-brokered private placement of up to 10 million units at a price of five cents per unit. Each unit will consist of one common share and one share purchase warrant, with each warrant exercisable for a period of three years from the closing at a price of 7.5 cents per share. Subject to certain limitations discussed herein, the offering is open to all existing shareholders of the company. All units are subject to a four-month hold period from the date of issuance. Commissions may be paid on a portion of the funds raised. The offering is subject to TSX Venture Exchange final acceptance.

Private placement participation is available under prospectus exemptions, including the accredited investors exemption and the existing shareholder exemption. Subscribers purchasing units under the existing shareholder exemption must be a shareholder of the company on or before June 5, 2023 (record date), and at the date of issuance, and participation cannot exceed $15,000.

The net proceeds will be used for advancing the Sandon project, located 138 kilometres north of the smelter in Trail, B.C., and for general working capital.

We seek Safe Harbor.