Klondex Update on Rice Lake Development Activities

VANCOUVER, BC--(Marketwired - April 14, 2016) - Klondex Mines Ltd. (TSX: KDX) (NYSE MKT: KLDX) ("Klondex" or the "Company") is pleased to provide an update on the Company's exploration and development activities at its Rice Lake Mine in Manitoba, Canada. The drill results summarized below were conducted by a prior owner of the Rice Lake Project. The Company intends to follow-up on the 15 hole drill program later this year. A summary of the results of this prior drill program is set out below. 

Rice Lake Drilling Highlights from Q4 2014:

• 644-14-009: 0.15 opt Au over 14 ft, or 5.1 g/t over 4.3 m (Hanging Wall)
• • Including 0.30 opt Au over 5.3 ft, or 10.3 g/t over 1.6 m
• 644-14-011: 0.59 opt Au over 2.3 ft, or 20.4 g/t over 0.7 m (Hanging Wall)
• 644-14-016: 0.70 opt Au over 4.2 ft, or 24.1 g/t over 1.3 m (Foot Wall),
  and 0.53 opt Au over 7.3 ft, or 18.1 g/t over 2.2 m (91 Vein)
• 644-14-017: 0.42 opt Au over 10.0 ft, or 14.3 g/t over 3.0 m (Foot Wall)
• • Including 0.76 opt Au over 4.3 ft, or 26.0 g/t over 1.3 m
• 644-14-018: 0.43 opt Au over 22.2 ft, or 14.8 g/t over 6.8 m (Foot Wall)
  • Including 0.57 opt Au over 16.4 ft, or 19.6 g/t over 5.0 m
• 644-14-019: 0.54 opt Au over 17.3 ft, or 18.4 g/t over 5.3 m (Foot Wall)
• 644-14-021: 1.89 opt Au over 14.0 ft, or 64.7 g/t over 4.3 m (Foot Wall),
  and 0.53 opt Au over 3.3 ft, or 18.1 g/t over 1.0 m (91 Vein)

A total of 15 holes totaling 6,485 ft (1,977 m) were drilled during the fourth quarter of 2014 by San Gold Corporation from the 6440 drill station. These holes were targeting the down-dip extension of the 91 vein. This drilling identified the potential for a new vein in the footwall of the 91 vein adjacent to the 24 level incline. Moreover, an additional mineralized structure was intersected in the hanging wall of the 91 vein. This mineralization occurred where northeast and northwest structures intercept the San Antonio Mining unit (SAM) which is the host rock to much of the historic mining at the Rice Lake Mine. Drilling is planned for later this year to follow up these high grade intercepts. (TABLE 1)