Private Placement Opens

Private Placement Opens

Vancouver, British Columbia CANADA, May 23, 2012 /FSC/ - Klondike Silver Corp. (KS - TSX Venture, KLSVF - OTC Pink),announces that it has arranged a Private Placement for up to 4,000,000 flow-through and non flow-through units priced at $0.20 and$0.15 per unit respectively.  Each unit will consist of either one flow through or one non-flow through common share and one non-flow through, non-transferable share purchase warrant entitling the holder to purchase one additional common share for a period of four years at a price of $0.25 per share in the case of flow through units and $0.20 in the case of non-flow through units.

In accordance with Exchange policies, finders' fees may be paid on a portion of the funds raised.  The private placement is subject to regulatory approval.

The proceeds of the private placement will be used for exploration programs, property option payments and general working capital.


About Klondike Silver
Klondike Silver Corp. has assembled a quality portfolio of silver properties in historic mineral districts in Canada, and is applying advanced exploration technologies to add value to these core assets.  


CONTACT INFORMATION
Corporate Inquiries:
Alan Campbell, (604) 685-2222
Email: info@klondikesilver.com

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this news release.


#711-675 WEST HASTINGS STREET
VANCOUVER, B.C.  CANADA  V6B 1N2
TELEPHONE:  604-685-2222
FAX:  604-685-3764
WWW.KLONDIKESILVER.COM


To view this press release as a web page, click onto the link below:
http://www.usetdas.com/pr/klondikesilver05232012.htm



Source: Klondike Silver Corp. (TSX-V: KS) (Pink Sheets: KLSVF) http://www.klondikesilver.com
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