Klondike Gold 2023 Exploration Underway - Seite 2

Applying these findings, prospecting and mapping surveys are already underway targeting fault structures interpreted from LIDAR with silver-tellurium-gold anomalous soils and rocks in areas of reported cross-cutting gold-bearing veins. Gold hosted in late cross-cutting sheeted veins hosts the mineralization contained in the Company's initial 2022 mineral resource estimate at the Lone Star and Stander Deposits.

An initial drill program of 2,000 meters testing prospective mineralization is planned to begin in July. Allocation of drill meterage to new prospective targets, expansion of Stander and Lone Star Deposit mineral resources, and testing Gay Gulch mineralization are subject to revision as results progress throughout the season.

UPCOMING EVENTS

Klondike Gold will be participating in the following recent or upcoming events:

Site Visit (Dawson, YT) - July 5 to 10, 2023
YMA Mining Investment Conference (Dawson, YT) - July 18 to 19, 2023
CEM (Kelowna, BC) - July 21 to 23, 2023

All events are subject to change.

QUALIFIED PERSON

The technical and scientific information contained within this news release has been reviewed and approved by Peter Tallman, P.Geo., President and CEO of Klondike Gold and Qualified Person as defined by NI 43-101 policy. Detailed technical information, specifications, analytical information and procedures can be found on the Company's website.

ABOUT KLONDIKE GOLD CORP.

Klondike Gold is a Vancouver based gold exploration company advancing its 100%-owned Klondike District Gold Project located at Dawson City, Yukon, one of the top mining jurisdictions in the world. The Klondike District Gold Project targets gold associated with district scale orogenic faults along the 55-kilometer length of the famous Klondike Goldfields placer district. Multi-kilometer gold mineralization has been identified at both the Lone Star Zone and Stander Zone, among other targets. The Company has identified an Initial Mineral Resource of 469,000 Indicated and 112,000 Inferred gold ounces¹, a milestone first for the Klondike District. The Company is focused on exploration and development of its 729 square kilometer property accessible by scheduled airline and government-maintained roads located on the outskirts of Dawson City, Yukon, within the Tr'ondëk Hwëch'in First Nation traditional territory.