Mr. Thomas Kennedy reports

KLONDIKE SILVER CORP. 2025 DRILL PROGRAM

Klondike Silver Corp. plans to continue an underground drill program during 2025 at the Silvana mine, targeting western extensions of the mine within the historical Silvana claim block that the company owns in southeastern British Columbia.

Exploration has advanced according to plan along the interval of approximately 1,220 metres (4,000 feet) of unexplored lode structures between the Silvana mine and the Mammoth mine to the west. Drill stations have been sited at approximately 80-metre (250-foot) intervals along the 4625 West level.

Five holes were drilled in a fan southerly from drill station No. 2. Four of the holes intersected the main vein structures that were projected downward from the surface workings of the historical Jennie Lind-Read and Evening Lode mines, and one hole was ended short of the zone in a fault with a strong flow of water.

Three uncompleted holes were drilled northerly from drill station No. 2. These holes will be extended in the 2025 program to cross the projected locations of hangingwall and footwall lodes of the Carnation structure.

Core logging and core sampling of drilling to date have been completed. Intervals of core were marked for sampling. These cores were sawed lengthwise, with one-half bagged and sent to an independent lab for analysis, and one-half was retained for further inspection. Analytical results were received from Activation Labs. No anomalous values of silver, lead and zinc were reported.

Klondike president and chief executive officer Tom Kennedy stated: "We are extremely pleased to have intersected an extension of the main vein structure that supported production at the Silvana mine and numerous other historic mines on the company's tenure in the Slocan mining camp. The Silvana Silver Mile is 100 per cent within Klondike's claim block. Klondike's management and exploration team are encouraged by the potential to find and develop a new zone of mineralization in the main vein structure between the Mammoth and Silvana mines in the company's 1.5-kilometre Silvana Silver Mile zone, as combined historic production of the main lode included 28 million ounces silver, 209 million pounds zinc and 258 million pounds lead."

The technical information in this news release has been reviewed by Locke Goldsmith, MSc, PEng, PGeo, an independent consultant. Mr. Goldsmith is a qualified person with respect to National Instrument 43-101.

About Klondike Silver Corp.

• Klondike's Silvana silver-zinc-lead mine 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-kilometre 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 which have produced 886,000 kilograms of silver, 95 million kg of zinc and 117 million kg lead so far.
• There are 67 past-producing mines that are situated in Klondike Silver's 114-square-kilometre claim block.

We seek Safe Harbor.