NK

New Klondike Exploration Ltd. (TSX VENTURE:NK) ("New Klondike" or the "Company")
is pleased to announce that it has completed the acquisition of a new and highly
prospective gold focused exploration project in Northwestern Ontario, located
southeast of the City of Dryden. The project was acquired by staking a large
contiguous claim group, in an area of active gold exploration. The Company has
named the project the 'Goldstorm Project', which is comprised of 79 unpatented
mining claims, consisting of 1,106 claim units covering approximately 17,900
hectares (44,000 acres). The Goldstorm Project claims cover a large area within
the southeastern part of the Eagle-Wabigoon-Manitou Lakes Greenstone Belt. The
claims are centered on a band of Timiskaming-type metasedimentary rocks that
rest unconformably on mafic metavolcanic and ultramafic to felsic intrusive
rocks. Two major fault structures pass through the claim group. Gold
mineralization occurs in association with all of the rock units. The project
geology is further described below. Maps and figures depicting the location and
geology of the Goldstorm Project have been posted on the Company's website at
www.newklondike.com.


Goldstorm Project - Geology  

The Goldstorm Project area shares many similarities to greenstone belts
containing world-class gold deposits in other parts of Ontario and Quebec. These
similarities include the following: 1) regional, crustal-scale, major fault
structures that have enabled the influx of metal-bearing hydrothermal fluids; 2)
"Timiskaming-type", clastic metasedimentary rocks that unconformably overlay a
diverse array of Keewatin-type mafic to felsic metavolcanic rocks; 3) mafic to
ultramafic sills and dykes as well as subvolcanic felsic bodies that lie close
to or at the unconformity; 4) pervasive hydrothermal alteration as evidenced by
extensive ankerite zones and the presence of sericite, fuchsite and sulphides in
association with known gold mineralization; and 5) a diversity of styles of gold
bearing zones such as veins, stockwork, breccia and massive sulphides, and
associated favourable accessory minerals suggests a long-lived, multi-staged
mineralizing system. Many of these features are found in association with the
gold deposits of the Timmins - Porcupine, Kirkland Lake - Larder Lake and Red
Lake gold camps of Ontario. 


The Goldstorm Project area has seen sporadic and limited exploration for base
metals in the past, but public records show very little documentation of any
sustained programs for gold exploration. More than 200 gold occurrences have
been compiled within the Eagle-Wabigoon-Manitou Lakes Greenstone Belt. In the
immediate area of the Goldstorm Project, there have been 8 historic gold
producers identified from information available in the public domain, which
collectively produced approximately 18,000 ounces of gold. Most of these small
operations were active between 1899 and 1909 and all were from narrow,
high-grade quartz veins. 


The Goldstorm Project covers a 15 km long section of the Timiskaming-type
sediments. These sediments unconformably overlie felsic to mafic volcanics
containing known gold occurrences. The northern margin of the sedimentary rocks
are highly deformed and lie along a major east-west trending fault referred to
as the Mosher Bay - Washeibemaga Lake Fault. This fault joins with the northwest
trending Long Lake fault zone that traverses the eastern side of the Goldstorm
Project area. Both faults and the Timiskaming-type sedimentary rocks exhibit
intense carbonate alteration and have numerous associated gold occurrences. Both
structures are deep-seated and regional in scale and have potential to host
significant gold mineralization. Several volcanic centers have been identified
within the property boundaries. These structures have excellent potential for
VMS-type base-metal/gold mineralization. 


Goldstorm Project - Location and Access 

The Goldstorm Project is centred in the Kawashegamuk Lake area and extends to
the west into the Boyer Lake area and to the east into the Revel Lake area, all
within the Kenora Mining Division, Ontario. The northern boundary of the
property is approximately 30 km southeast of the City of Dryden. The property is
comprised of 79 contiguous unpatented mining claims, consisting of 1,106 claim
units, forming a roughly rectangular shape. At its greatest extent, the property
is approximately 24 km from east to west and approximately 10 km north to south
and covers a total area of approximately 17,900 hectares. 


The Project is accessible by means of local forestry access roads that depart
southwardly from Highway 17 east of Dryden. 


Regional/Local Exploration Activity 

The area bounded by the cities of Dryden, Kenora, Rainy River and Atikokan in
Northwestern Ontario has seen increasing levels of gold exploration activity in
recent years and is now recognized by the mining community as an emerging gold
camp. Several projects in this region now host defined resources, two of which
have categorized gold resources of greater than 5 million ounces based on
information available in the public domain. The location of some of these
projects is shown on figures posted on the Company's website. 


Technical Report 

A National Instrument 43-101-Standards of Disclosure for Mineral Projects
compliant technical report on the Goldstorm Project is nearing completion and
will be made available once it has been received by the Company. 


Royalty 

The concept for the Goldstorm Project was introduced to the Company by Mr. David
Powers, B.Sc. (Honours) Geology, P.Geo. In consideration for introducing the
Goldstorm Project to New Klondike, the Company has granted, subject to
regulatory approval, a one-half of one percent (0.5%) net smelter royalty (the
"NSR") on the Goldstorm Project claims to Dave Powers Geological Services, a
consulting firm owned by Mr. Powers. New Klondike has retained the right to
purchase one-half (0.25%) of the NSR, at any time, for $250,000, payable in cash
or shares at the sole election of New Klondike and has also retained a first
right of refusal in the event of a future sale of the NSR to a third party. 


Mr. Powers has operated his own independent geological consulting practice since
2006; he has more than 37 years of experience in mineral exploration and
development. Prior to that he held various positions during his 12 years with
Placer Dome Inc., starting as an Exploration Geologist at their Musselwhite Mine
prior to a positive feasibility study and production decision, and later as
Senior Geologist in Canada managing exploration off-mine sites until the company
was sold in 2006. He spent the first 17 years of his career with Noranda where
he held various roles from Project Geologist to Chief Geologist at their Eagle
River project. It is anticipated that Mr. Powers will provide consulting
services for the Goldstorm Project in the future. 


Qualified Person 

Mr. Seymour M. Sears, B.A., B.Sc., and P.Geo., a director of the Company, has
reviewed and approved the technical content of this press release. 


About New Klondike 

New Klondike presently owns the Goldstorm Project (gold/base metals) in the
Dryden area, a 30% working interest in the Santa Maria property (gold/base
metals) also in the Dryden area, and the past producing Nickel Offsets property
(nickel/copper) in the Sudbury area. 


Management is focused on advancing New Klondike's future exploration strategy as
a Canadian precious metal explorer. For further information about New Klondike
please visit our website www.newklondike.com or contact Michael Coulter,
President at 416-368-3332 or by email: info@newklondike.com. 


Forward-Looking Information 

This news release contains certain "forward-looking information". All
statements, other than statements of historical fact, that address activities,
events or developments that the Company believes, expects or anticipates will or
may occur in the future including, without limitation, statements relating to
the Company's expected exploration plans and strategies, are forward-looking
statements. These forward-looking statements reflect the current expectations or
beliefs of the Company based on information currently available to the Company.
Forward-looking statements are subject to a number of significant risks and
uncertainties and other factors that may cause the actual results of the Company
to differ materially from those discussed in the forward-looking statements, and
even if such actual results are realized or substantially realized, there can be
no assurance that they will have the expected consequences to, or effects on the
Company. Factors that could cause actual results or events to differ materially
from current expectations include, but are not limited to, the failure of the
Company to execute its proposed exploration plans and strategies as indicated
herein and general business and economic uncertainties. 


Any forward-looking statement speaks only as at the date on which it is made
and, except as may be required by applicable securities laws, the Company
disclaims any intent or obligation to update any forward-looking statement,
whether as a result of new information, future events or results or otherwise.
Although the Company believes that the assumptions inherent in the
forward-looking statements are reasonable, forward-looking statements are not
guarantees of future performance and accordingly undue reliance should not be
put on such statements due to the inherent uncertainty therein. 


FOR FURTHER INFORMATION PLEASE CONTACT: 
New Klondike Exploration Ltd.
Michael Coulter
President
416-368-3332
info@newklondike.com
www.newklondike.com

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