(TheNewswire)

August 16, 2022 –


TheNewswire –


Vancouver, British Columbia


: Klondike Silver Corp. (TSXV:KS) (the
“Company”)


announces that its auditor,
Smythe LLP, Chartered Professional Accountants (the “Former
Auditor”) has resigned as auditor for the Company. The resignation
was not as a result of any reportable event (as that term is defined
in section 4.11 of National Instrument 51-102, Continuous Disclosure
Obligations).  Dale Matheson Carr-Hilton Labonte LLP, Chartered
Professional Accountants (the “Successor Auditor”) has been
appointed as the replacement auditor for the Company. Copies of the
Notice of Change of Auditor and letters from Former Auditor and
Successor Auditor have been SEDAR filed. The Successor Auditor will be
completing the Company’s audit for its year ended May 31,
2022.

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 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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