Klondex Provides Update on Midas' Exploration Drill Program

VANCOUVER, BC--(Marketwired - October 08, 2015) - Klondex Mines Ltd. (TSX: KDX)(NYSE MKT: KLDX) ("Klondex" or the "Company") is pleased to provide an update on recent underground and surface drilling from its Midas Mine in Nevada (FIGURE 1).

Highlights:

Midas Trend, Northwest:

• DMC-290 Three Intercepts:
• 1. 2.3 opt AuEq over 5.0 ft, or 79.4 g/t AuEq over 1.5 m - 201 Splay
  2. 0.7 opt AuEq over 10.0 ft, or 22.6 g/t AuEq over 3.0 m - 201 Splay
  3. 1.0 opt AuEq over 4.0 ft, or 32.5 g/t AuEq over 1.2 m - 201 Midas
• DMC-287B: 0.23 opt AuEq over 8.0 ft, or 7.8 g/t AuEq over 2.4 M - 201 Midas

Queen Vein: (south of the Owyhee Fault)

• MUC-02768: 2.0 opt AuEq over 2.0 ft, or 66.7 g/t AuEq over 0.6 m - 1605 Queen
• MUC-02772 1.2 opt AuEq over 2.0 ft, or 42.6 g/t AuEq over 0.6 m - 1605 Queen

Trinity: (south of the Owyhee Fault)

• MUC-02882: 0.07 opt AuEq over 115.0 ft, or 2.3 g/t AuEq over 35.1 m - Trinity
• MUC-02773: 0.07 opt AuEq over 10.0 ft, or 2.5 g/t AuEq over 3.0 m - Trinity
• MUC-02776 Two Intercepts:
• 1. 0.02 opt AuEq over 44 ft, or 0.6 g/t AuEq over 13.4 m - Trinity
  2. 0.06 opt AuEq over 26 ft, or 2.0 g/t AuEq over 7.9 m - Trinity

Paul Huet, President and CEO stated "We have been patiently waiting for months to test these two areas, the initial results are quite encouraging supporting the older drill holes from these targets. While still early days, the assays direct us in two areas to continue focusing on to unlock significant value at Midas."

The focus of our 2015 Midas Exploration drill program was designed to test historic vein drill intercepts and expand the existing resource to support the westward and southern districts (TABLES 1-3). Moving forward, the drill plan is to follow up on these intercepts in an effort to extend the strike and known mineral areas further improving our understanding of the district.

The drilling South of the Owyhee fault has revealed a very different style of mineralization from the Midas bonanza veins that have been historically mined to date. The new area called the "Trinity Zone" is hosted in a permeable breccia body.

Brian Morris, Vice President also commented "Initial surface drill assay results from the Midas trend are exciting, supporting historic drill results yielding high grade gold and silver mineralization in multiple intercepts created by the structural intersection of the Midas Trend vein with the Rico vein. South of the Owayhee fault is an exciting development. Systematic re-logging of historic drilling coupled with observations from our new drilling has provided a new interpretation of this zone. Surface core drilling is in progress and reinterpretation of historic data is ongoing to better understand the controls of mineralization and to refine the geologic model."