Klondex Recovers 32,542 GEO in 1Q2015 - Seite 2

He continued, "The quarter was highlighted by our strong operations, in addition to the release of initial mineral reserves and mine plans for both Fire Creek and Midas properties. These plans demonstrate Fire Creek and Midas as robust operations with flexibility to metal prices. Follow-up drill programs are underway at both properties with the goal to build five year mine plans at our projects."

Klondex remains on track to recover between 120,000-125,000 GEOs in 2015, comprised of approximately 102,000 gold ounces and 1.2 million silver ounces. Klondex is targeting production costs per GEO of $688-750 (US$550- $600) and all-in sustaining costs per GEO of $1,000-1,063 (US$800 - $850). (See the Company's management's discussion and analysis for the year ended December 31, 2014, available at www.sedar.com, for a discussion of non-IFRS measures, including "production costs per GEO" and "all-in sustaining costs per GEO".)

Klondex will report its financial results for the first quarter 2015 in the week of May 11, 2015, followed shortly by a conference call.

About Klondex Mines Ltd. (www.klondexmines.com)
Klondex owns and operates the Fire Creek Project and Midas Mine and Mill in the mining-friendly jurisdiction of north central Nevada. The 1200 tons per day capacity milling facility is processing mineralized materials from both Midas and Fire Creek. Midas is fully-permitted and has been in operations since 1998. Fire Creek is located ~100 miles south of Midas and is operating an ongoing bulk sampling program that began in 2013.

Cautionary Note Regarding Technical Information and Forward-looking Information
A production decision at the Fire Creek Project has not been made by Klondex, as it is still in the bulk sampling phase. Although a production decision at the Fire Creek Project has not been made, the mineralized material extracted from the Fire Creek Project under the bulk sample permit is processed through the Midas mill.

A production decision at the Midas Mine was made by previous operators of the mine, prior to the completion of the acquisition of the Midas mine by Klondex and Klondex made a decision to continue production subsequent to the acquisition. This decision by Klondex to continue production and, to the knowledge of Klondex, the prior production decision were not based on a feasibility study of mineral reserves demonstrating economic and technical viability prepared in accordance with NI 43-101. Readers are cautioned that there is increased uncertainty and higher risk of economic and technical failure associated with such production decisions.