File: '\\swfile\EmailIn\20260123 094439 Attachment January 2026 update.docx'

804-750 West Pender Street

Vancouver, B.C. Canada V6C 2T7

Telephone: 604-682-2928

Fax: 604-685-6905

Our Vision: Near Term Silver/Zinc/Lead Production www.klondikesilver.com

TSX-V: KS FRA: K1SN

KLONDIKE SILVER CORP. - 2026 UPDATE

January o, 2026 - Vancouver, Canada - Klondike Silver Corp. ("Klondike" or the "Company") is pleased to provide this update on its immediate plans for 2026.

Corporate Update

Our Company finds itself in an unprecedented silver market that is valuing and welcoming in situ mineralization.

The Company is actively planning for the next phase of growth as silver prices approach historic highs. Klondike remains confident that its minerals and operational footprint will support meaningful value creation as market conditions continue to improve. We believe we have the minerals in place to achieve our goals and vision for the future - we are now planning that future.

Klondike intends to consolidate its capital structure, settle debts and raise financing. We will use new capital to refurbish and expand our existing production and milling facilities, explore our Silver Mile and support enhanced operations; all of which will allow us to exploit the upcoming trends with strength.

Our 100 ton per day Sandon processing facility is presently on care and maintenance; however, we continue to critically evaluate the infrastructure. In that regard, we have hired a new interim mine manager for the facility - Robert Van de Werve is now in that position. Robert is experienced in mine operations and is well suited for this role and to assist in our initiatives.

Our intention to consolidate our share capital on a 1:10 basis, subject to regulatory approval. This will result in our share capital being reduced from approximately 156,916,893 shares issued and outstanding to approximately 15,691,689 shares. Any outstanding convertible securities will be adjusted by the same ratio. As this is a matter which will involve a number of regulatory initiatives, further announcements (including CUSIP and ISIN details) will be made as we proceed.

AGM

At the recent Annual General and Special Meeting of shareholders, the incumbent board of Glen Harder, Ron Coombes and Thomas Kennedy were re-elected as directors. The incumbent auditor (Dale Matheson Carr-Hilton LaBonte) was reappointed. Thomas Kennedy remains CEO and Lawrence Smoliuk remains CFO.

Tom Kennedy, CEO commented:

"This is a pivotal moment for Klondike. As silver gains momentum, we are taking decisive steps to strengthen our foundation and unlock the potential of our mineral assets - including new exploration along the "Main Lode" system. We are excited about the road ahead and the opportunities presented for our shareholders."

About Klondike Silver

Klondike's Silvana Mine Silver Zinc Lead project is located in South Eastern B.C.

Klondike's 114 square kilometer claim block is 138 km north of the Trail B.C. smelter.

Klondike Silver is exploring from underground, along the 9 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" which have produced 886,000 kg of silver, 95 million kg of zinc and 117 million kg lead so far. (source: BC MINFILE).

There are 67 past producing mines that are situated in Klondike Silver's 114 square kilometer claim block. (source: BC MINFILE).

On Behalf of the Board of Directors

KLONDIKE SILVER CORP

"Thomas J. Kennedy"

CEO and Director

Additional information can be found on Klondike Silver's website: www.klondikesilver.com

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. The TSX Venture Exchange has not reviewed the content of this news release and therefore does not accept responsibility or liability for the adequacy or accuracy of the contents of this news 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.

File: Attachment January 2026 update.pdf

804-750 WEST PENDER STREET VANCOUVER, B.C. CANADA V6C 2T7

TELEPHONE: 604-682-2928 FAX: 604-685-6905

Our Vision: Near Term Silver/Zinc/Lead Production

WWW.KLONDIKESILVER.COM

TSX-V: KS FRA: K1SN

KLONDIKE SILVER CORP. 2026 UPDATE

January 23, 2026 - Vancouver, Canada - Klondike Silver Corp. ("Klondike" or the "Company") is pleased to provide this update on its plans for 2026.

Corporate Update

Our Company finds itself in an unprecedented silver market that is valuing and welcoming in situ mineralization.

The Company is actively planning its next phase of growth as silver prices approach historic highs. Klondike remains confident that its minerals and operational footprint will support meaningful value creation as market conditions continue to improve. We believe we have the minerals in place to achieve our goals and vision for the future - we are now planning that future.

Klondike intends to consolidate its capital structure, settle debts and raise financing. We will use new capital to refurbish and expand our existing production and milling facilities, explore our Silver Mile and support enhanced operations; all of which will allow us to exploit the upcoming trends with strength.

Our 100 ton per day Sandon processing facility is presently on care and maintenance; however, we continue to critically evaluate the infrastructure. In that regard, we have hired a new interim mine manager for the facility - Robert Van de Werve is now in that position. Robert is experienced in mine operations and is well suited for this role and to assist in our initiatives.

Our intention is to consolidate our share capital on a 1:10 basis, subject to regulatory approval. This will result in our share capital being reduced from approximately 156,916,893 shares issued and outstanding to approximately 15,691,689 shares. Any outstanding convertible securities will be adjusted using the same ratio. As this is a matter which will involve a number of regulatory initiatives, further announcements (including CUSIP and ISIN details) will be made as we proceed.

AGM

At the recent Annual General and Special Meeting of shareholders, the incumbent board consisting of Glen Harder, Ron Coombes and Thomas Kennedy were re-elected as directors. The incumbent auditor (Dale Matheson Carr- Hilton LaBonte) was reappointed. Thomas Kennedy remains CEO and Lawrence Smoliuk remains CFO.

Tom Kennedy, CEO commented:

"This is a pivotal moment for Klondike. As silver gains momentum, we are taking decisive steps to strengthen our foundation and unlock the potential of our mineral assets including expansive new exploration along the "Main Lode" system. We are excited about the road ahead and the opportunities presented for our shareholders."

About Klondike Silver

dot Klondike's Silvana Mine Silver Zinc Lead project is located in South Eastern B.C. dot Klondike's 114 square kilometer claim block is 138 km north of the Trail B.C. smelter. 804-750 WEST PENDER STREET VANCOUVER, B.C. CANADA V6C 2T7

TELEPHONE: 604-682-2928 FAX: 604-685-6905

Our Vision: Near Term Silver/Zinc/Lead Production

WWW.KLONDIKESILVER.COM

TSX-V: KS FRA: K1SN

dot Klondike Silver is exploring from underground, along the 9 km "Main Lode". The "Main Lode" is the most prolific mineralized structure in the Slocan Mining Camp.

dot There are 13 past producing mines that are situated along the "Main Lode" which have produced 886,000 kg of silver, 95 million kg of zinc and 117 million kg lead so far. (source: BC MINFILE).

dot There are 67 past producing mines that are situated within Klondike Silver's 114 square kilometer claim block. (source: BC MINFILE).

On Behalf of the Board of Directors

KLONDIKE SILVER CORP

"Thomas J. Kennedy"

CEO and Director

Additional information can be found on Klondike Silver's website: www.klondikesilver.com

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. The TSX Venture Exchange has not reviewed the content of this news release and therefore does not accept responsibility or liability for the adequacy or accuracy of the contents of this news 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.