File: '\\swfile\EmailIn\20260818 114633 Attachment August 15 - Adoption of Semi Annual Reporting.docx'

1100 - 1111 Melville Street

Vancouver, B.C. Canada V6C 3V6

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

TSX-V: KS FRA: K1SN

KLONDIKE SILVER CORP. - ADOPTION OF SEMI-ANNUAL REPORTING

August 18, 2026 - Vancouver, Canada - Klondike Silver Corp. ("Klondike" or the "Company") (TSXV:KS) is pleased to announce an important corporate event.

Adoption of Semi-Annual Financial Reporting

Klondike has adopted semi-annual financial reporting ("SAR") pursuant to Coordinated Blanket Order 51-933 (Exemptions to Permit Semi-Annual Reporting for Certain Venture Issuers).

The blanket order allows eligible venture issuers listed on the TSX Venture Exchange to voluntarily move from a quarterly to a semi-annual financial reporting framework. By adopting SAR, the company aims to reduce the significant administrative and financial burden associated with quarterly reporting.

The company's fiscal year ends on May 31. Under the SAR pilot program, the company will no longer file interim financial reports and related management's discussion and analysis (MD&A) for its three-month and nine-month interim periods. The initial interim period for which the company will not file is the three-month period ended August 31, 2026.

The company will continue to file audited annual financial statements and MD&A (due 120 days after May 31) and unaudited six-month financial statements and MD&A (due 60 days after November 30).

The company remains committed to timely disclosure and will continue to report all material changes and significant developments as required under National Instrument 51-102 -- Continuous Disclosure Obligations and the policies of the TSX-V.

This news release is being issued and filed pursuant to the blanket order.

CEO Comment

Tom Kennedy, CEO commented:

"Over the past several years, Klondike has navigated a period marked by complexity, restructuring, and significant corporate challenges. Through it all, your patience, loyalty, and belief in the long term potential of this Company have been nothing short of extraordinary. I want to express my sincere gratitude for standing with us during these tumultuous times.

Today, I am pleased to report that your steadfast support has helped bring Klondike to a pivotal and promising moment in its evolution.

Our consolidated capital structure is now firmly in place, providing clarity, stability, and a strong foundation for disciplined growth

By adopting the new reporting standards, we will save a tremendous amount of time and money on the preparation of expensive reports that previously provided little additional information to stakeholders.

Thank you again for your trust, your patience, and your commitment to our shared vision."

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

Telephone: 604.644.9829

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.