(TheNewswire)

August 15, 2022 –


TheNewswire –


Vancouver, Canada – Klondike Silver Corp.
(the “Company”)

(TSXV:KS)

(OTC:

KLSVF

)

further to the news
release of January 16, 2020 the Company has requested and received
$300,000 from an existing Debenture holder.  The principal of the
Debenture rises to $1,357,181 with the receipt of these additional
funds.  The terms of the debenture include possible conversion.  The
conversion terms for this advance are, at the discretion of the
holder, for the first year at a deemed price of $0.05.  Each unit
would be made up of a common share and a share purchase warrant.
 Each warrant would be exercisable in to one common share at a price
of $0.05 per warrant and expire on Dec 31, 2024.  After the first
year the unit exercise price will increase to $0.10 with no change in
the warrant exercise price.  Proceeds will be used to advance the
Company’s Silvana Silver Zinc Lead project and for general working
capital.

About Klondike
Silver

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

• 
  Klondike’s 116
  
  
  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 historical 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).

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 favourable
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.

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