File: '\\swfile\EmailIn\20251201 102401 Attachment KS NR December 1 MCTO.docx'

2

KLONDIKESILVER.com

KS : TSX.V K1SN : FSE

1100 - 1111 Melville Street, Vancouver, BC V6E 3V7, Canada.

KLONDIKE SILVER

Our Vision: Silver/Zinc/Lead Production

KLONDIKESILVER.com

KS : TSX.V K1SN : FSE

1100 - 1111 Melville Street, Vancouver, BC V6E 3V7, Canada.

Klondike Update - Annual Financial Statements

December 1, 2025 - Vancouver, Canada - Klondike Silver Corp. ("Klondike Silver" or the "Company") (TSX.V: KS) wishes to provide the following update:

The Company expects to file its audited financial statements for the fiscal year ended May 31, 2025, and related MD&A for the same period, on or before December 12, 2025. The first quarter statements are expected to be filed on or before December 17, 2025. The Company encountered a late minor delay that prompted it to it to seek and obtain an extension for filing the overdue financials for 2-weeks.

The Company looks forward to engaging further with shareholders at its upcoming December 17, 2025 AGM at 10:00 am PST - at:

https://us05web.zoom.us/j/85967070768?pwd=upvchphwoKVPamcbFDEIiSoxB36ilz.1

About Klondike Silver

Klondike's Silvana Mine Silver Zinc Lead project is located in South Eastern B.C., 138km north of the Trail B.C. smelter. The Company is actively exploring from underground, the western extension of the Silvana Mine, along the "Main Lode". The "Main Lode" is a 9 km vein structure which is the most prolific mineralized structure in the Slocan Mining Camp. There are 13 historical mines that are situated along the 9 km vein structure which have produced 886,000 kg of silver, 95 million kg of zinc and 117 million kg lead so far. Including 8 of the 13 above there are 68 historical mines that are situated in the Klondike Silver 116 square kilometer claim block which have produced 1,258,000 kg of silver, 72 million kg of zinc and 158 million kg lead so far. (source: BC MINFILE).

Additional information can be found on the Company website: www.klondikesilver.com

On Behalf of the Board of Directors

Contact Information

Klondike Silver Corp.

Corporate Inquiries:

"Thomas Kennedy"

Tom Kennedy: (604) 644-9829

Thomas Kennedy, B. Comm., J.D.

Email: tomkennedy@shaw.ca

CEO, 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.

Caution Regarding Forward-Looking Information

This news release includes certain information that may constitute "forward-looking information" under applicable Canadian securities legislation. Forward-looking information includes, but is not limited to, statements about strategic plans, future work programs and objectives and expected results from such work programs. Forward-looking information necessarily involve known and unknown risks, including, without limitation, risks associated with general economic conditions; inability to access sufficient capital from internal and external sources, and/or inability to access sufficient capital on favorable terms; and other risks.

Forward-looking information is necessarily based upon a number of estimates and assumptions that, while considered reasonable, are subject to known and unknown risks, uncertainties, and other factors which may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking information and the risks identified in the Company's continuous disclosure record. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. Accordingly, readers should not place undue reliance on forward-looking information. All forward-looking information contained in this news release is given as of the date hereof and is based upon the opinions and estimates of management and information available to management as at the date hereof. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by law.