Klondex Recovers 107,860 Au Equivalent Ounces in First Year of Production

VANCOUVER, BRITISH COLUMBIA--(Marketwired - Jan. 19, 2015) - Klondex Mines Ltd. (TSX:KDX)(OTCQX:KLNDF) ("Klondex" or the "Company") is pleased to report its 2014 annual production and its operations guidance for 2015 at its Midas and Fire Creek projects.

		1Q	2Q	3Q	4Q	Total 2014
Underground Operations
Tons Mined		22,370	54,659	54,842	48,950	180,821
Processing
Tons Milled		21,727	46,047	54,743	49,327	171,844
	Au Grade OPT	0.541	0.382	0.637	0.471	0.509
	Ag Grade OPT	7.73	7.38	6.95	11.05	8.34
Au Ounces Recovered		13,545	17,093	33,339	22,262	86,239
Ag Ounces Recovered		158,372	325,018	364,435	517,761	1,365,586
Au Equivalent Ounces Recovered(1)		16,052	22,239	39,109	30,460	107,860
Au Ounces Sold		3,369	20,293	23,166	26,272	73,100
Ag Ounces Sold		58,053	343,025	315,504	400,706	1,117,288
Au Equivalent Ounces Sold(1)		4,288	25,724	28,162	32,617	90,791

(1) Au Equivalent ounces used a 63.15:1 silver to gold ratio

Paul Andre Huet, Klondex President and CEO commented, "Our fourth quarter results capped an exceptional year for Klondex. Actual production results for 2014 exceeded our original budgeted ounces by over 25%. Solid performances at both operations demonstrate our teams' ability to deliver and sustain operations while generating free cash flow, both of which are critical to the growth of the Company."