KS Klondike Silver Corp

Klondike Silver Gold Corp. (TSX VENTURE:KS) (the "Company") is pleased to report
that it has aggressively staked new mineral properties in and around the Sandon
Silver Camp of south-central British Columbia. The newly expanded land package
now encompasses more than 4,500 hectares and includes 25 past-producing mines
and a fully permitted 100-tonne-per-day flotation mill.


Klondike Silver is by far the dominant landholder in the Slocan Camp, which has
produced more than 24 million ounces of silver plus by-product base metals since
the late 1800s. The Company's holdings consist of 2,261 hectares of
crown-granted mineral claims and 22,852 hectares of mineral claims, with new
additions as follows.


- Corrigan Mine Group: 145 hectares were added adjacent to the active and
promising Jackson Mine claims to cover three past-producers. The Corrigan Mine
was known for its high grades (16,043.71 g/t silver, 34.1% lead and 2.6% zinc).
The others are the Rio Mine (8,025 g/t silver, 31.1% lead and 6.0% zinc) and the
Silver Bell Mine (5,130 g/t silver and 45.8% lead).


- Hewitt Mine Area: 956 hectares of new ground was staked adjacent to the
Company's 41 crown-granted claims.


- Silverton Creek Area: 951 hectares of new claims were staked, including the
past-producing Jennie Lind, Canadian and Ivanhoe Mines on Silver Ridge. This
area also covers the Iron Mask silver-lead-zinc-gold showing near the valley
bottom.


Klondike Silver's exploration efforts in and around the Sandon Silver Camp are
focused on reviving the most promising historic mines near the existing mill and
exploring a highly prospective land package focused on five main project areas.


The newly expanded, contiguous land package extends from the heights of Silver
Ridge (Idaho Peak, Selkirk Peak and Sandon Peak) to the valley bottom at Sandon,
and up and over Payne Mountain north to Three Forks and beyond.


The Company also announces an amendment to and the closing of a private
placement previously announced April 21, 2009. The total number of units has
been increased from 10,000,000 to 11,040,332 units for total proceeds of
$662,420. Each of the units was priced at $0.06 and consists of one flow-through
or non flow-through common share and one non flow-through non-transferable share
purchase warrant entitling the holder to purchase one additional non-flow
through common share for a period of two years at a price of $0.10 per share.
The financing has been fully subscribed and the Company is pleased to announce
the closing of this private placement. The proceeds of the private placement
will be used for exploration programs, property option payments and general
working capital.


The securities issued under the private placement are subject to a four month
hold period. In connection with the closing of the private placement, the
Company paid a finder's fee of $7,996 to Bolder Investment Partners Limited
representing 8% of the gross proceeds through Bolder Investment Partners
Limited. The Company also paid a finders' fee of $540 to Barrington Capital
Corp. and $540 to Richardson Partners Financial Limited representing 8% of the
gross proceeds through Barrington Capital Corp. and Richardson Partners
Financial Limited.


The Company also announces an amendment to and the closing of a private
placement previously announced May 29, 2009. The total number of units has been
increased from 12,500,000 to 13,700,332 units for total proceeds of $820,820.
Each of the units was priced at $0.06 and consists of one flow-through or non
flow-through common share and one non flow-through non-transferable share
purchase warrant entitling the holder to purchase one additional non-flow
through common share for a period of two years at a price of $0.10 per share.
The financing has been fully subscribed and the Company is pleased to announce
the closing of this private placement. The proceeds of the private placement
will be used for exploration programs, property option payments and general
working capital.


The securities issued under the private placement are subject to a four month
hold period. Included in the private placement was the sale of 8,333,332
flow-through units to MineralFields Group. In connection with the transaction,
Limited Market Dealer Inc. was paid a total cash commission of $40,000 and Mr.
Ben Lee was paid $4,224 representing 8% of the gross proceeds of the private
placement through Ben Lee.


About MineralFields

MineralFields Group (a division of Pathway Asset Management) is a Toronto-based
mining fund with significant assets under administration that offers its
tax-advantaged super flow-through limited partnerships to investors throughout
Canada during most of the calendar year, as well as hard-dollar resource limited
partnerships to investors throughout the world. Information about the
MineralFields Group is available at www.mineralfields.com.


The Qualified Person for the purpose of National Instrument 43-101 is Trygve
Hoy, PEng, PhD who has read and agreed with the technical information in this
news release.


About Klondike Silver:

Klondike Silver Corp. has assembled a quality portfolio of silver properties in
historic mineral districts in North America, and is applying advanced
exploration technologies to add value to these core assets. Klondike Silver is
reviving the Gowganda and Elk Lake silver camps in Ontario, and the world-famous
Klondike district of Yukon Territory. The Company owns a 100 TPD fully
operational flotation mill in Sandon, BC, which is currently processing material
from one of its Yukon properties and local mines in the historic Slocan Silver
Camp.


Klondike Silver is a member of the Hughes Exploration Group of Companies and is
led by a team with a stellar track record of discovery and development in
Canada.


The statements made in this news release may contain forward-looking statements
that may involve a number of risks and uncertainties. Actual events or results
could differ materially from the Company's expectations and projections.

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