Mr. Thomas Kennedy reports

KLONDIKE SILVER 2024 DRILLING PROGRAM

Klondike Silver Corp. has provided an update from its current underground drill program at the Silvana mine, targeting western extensions of the mine within the historic Silvana claim block that the company owns in southeastern British Columbia.

Drill holes from the first phase of drilling were laid out to intersect, map and model the extensions of vein structures down dip of three mineralized lodes from surface on the Silvana mine claims, with the intention of targeting silver, zinc and lead mineralization in the company's phases of drilling.

All drill cores from the 2023 program have been logged. Intervals of core have been sampled. Cores were sawed lengthwise, with one-half bagged and sent to an independent lab for analyses, and one-half retained for further inspection. Sample analyses are awaited from the lab.

Drilling in the 2024 program is now oriented northerly from drill station 2 to intersect downward projections of the Carnation hangingwall and footwall lodes. The first 2024 activity will be deepening of two holes that have been drilled part of the distance to the hangingwall and footwall lodes.

Tom Kennedy, Klondike's president and chief executive officer, states: "The company's Silver Mile target is an area 1.5 kilometres along strike, 100 per cent within Klondike's claim block between the Mammoth and Silvana mines. This area has yet to be fully explored due to fractured ownership that is a common theme in areas of British Columbia, with significant historic mining activities dating back more than 100 years. Klondike's management and exploration teams are encouraged by the potential to find and develop a resource in the Main Vein structure between the Mammoth and Silvana mines, as combined past production of the Main lode included 28 million ounces silver, 209 million pounds zinc and 258 million lb lead."

The technical information in this news release has been reviewed by Locke Goldsmith, MSc, PEng, PGeo, a qualified person (QP).

About Silvana:

• Klondike's Silvana mine silver-zinc-lead project is located in southeastern British Columbia.
• Klondike's 114-square-kilometre claim block is 138 km north of the Trail, B.C., smelter.
• Klondike Silver is exploring from underground, along the nine km Main lode. The Main lode is the most prolific mineralized structure in the Slocan mining camp.
• There are 13 past-producing mines that are situated along the Main lode that have produced 886,000 kilograms of silver, 95 million kg of zinc and 117 million kg lead so far (source: B.C. Minfile).
• There are 67 past-producing mines that are situated in Klondike Silver's 114-square-kilometre claim block (source: B.C. Minfile).

We seek Safe Harbor.