KG Klondike Gold Corp

Klondike Gold Corp. ("the Company") (TSX VENTURE:KG) is pleased to announce the
results of exploration conducted during the summer of 2012 on its Hughes Range
Property. This property is one of thirteen properties in British Columbia held
by the Company, and is located 20 km northeast of Cranbrook in southeastern B.C.
Activity was focused mainly on a new exploration target, disseminated and
fracture controlled copper mineralization in Fort Steele quartzites. As well,
some prospecting and reconnaissance mapping were done on the sedex Kootenay King
lead-zinc deposit on the east side of the property and on known gold and silver
vein occurrences farther west. The road accessible Kootenay King deposit mined
13260 tonnes in 1952 and 1953 with recovery of 882,299 g silver, 881,383 Kg
zinc, 710,866 Kg lead, and 985 Kg cadmium (BC Minfile 082GNW009).


The Hughes Range Property comprises 32 mineral tenures encompassing 5,759
hectares located along the eastern side of the middle Proterozoic Purcell basin,
a well-mineralized sequence of rocks that hosts the Sullivan sedex deposit 20 km
west of the Hughes Range, the Couer d'Alene veins in Idaho, and the stratabound
copper-silver deposits of Spar Lake and Montanore in Montana. Work this past
field season, soon to be released as a provincial government assessment report,
discovered a widespread zone of copper sulphide mineralization within a
southwest-trending structural corridor that is also marked by Cretaceous
intrusive rocks and base and precious metal vein mineralization. Mineralization
tends to be focused at the intersection of this corridor with north-trending
faults that parallel the Rocky Mountain trench faults. Numerous thin
quartz-sulphide veins with multi-gram gold values, the polymetallic Try Again
occurrence (BC Minfile 082GNW017) and on the western end, the copper zone, occur
within this mineralized corridor. Of 73 exploration rock samples taken in 2012
the highest copper value returned was 0.74 percent and the highest gold value
was 2.5 g/t with 12 of 73 samples running above 0.2 g/t gold. 


Recommended further work on the Hughes Range property includes an airborne
geophysical survey to more clearly identify regional structural controls,
geological mapping and sampling to further define the controls and extent of the
copper zone, and finally trenching or diamond drilling. 


Trygve Hoy, Ph. D., P. Eng., is the qualified person for the purposes of this
news release.


About Klondike Gold Corp.

Klondike Gold Corp. is a Canadian exploration company with offices in Vancouver,
British Columbia and Dawson City, Yukon. The Company is focused on the
development of its Yukon and British Columbia gold properties. In addition the
Company holds a large portfolio of base metal projects in southeastern British
Columbia.


Statements in this press release, other than purely historical information,
including statements relating to the Company's future plans and objectives or
expected results, may include forward-looking statements. Forward-looking
statements are based on numerous assumptions and are subject to all of the risks
and uncertainties inherent in resource exploration and development. As a result,
actual results may vary materially from those described in the forward-looking
statements.


To view Map 1 please click on the following link:
http://media3.marketwire.com/docs/1211kg.jpg


FOR FURTHER INFORMATION PLEASE CONTACT: 
Klondike Gold Corp.
Erich Rauguth
President & CEO
604-685-2222
604-685-3764 (FAX)
info@klondikegoldcorp.com
www.klondikegoldcorp.com

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