Klondex Announces New Open Pit Mineral Resource Estimate at Fire Creek; Total Indicated of 1.1M AuEq Oz and Inferred of 1.1M AuEq Oz - Seite 3

Cautionary note to U.S. investors regarding estimates of measured, indicated and inferred resources and proven and probable reserves
The terms "mineral reserve", "proven mineral reserve" and "probable mineral reserve" are Canadian mining terms as defined in accordance with Canadian National Instrument 43-101-Standards of Disclosure for Mineral Projects ("NI 43-101") and the Canadian Institute of Mining, Metallurgy and Petroleum (CIM)-CIM Definition Standards on Mineral Resources and Mineral Reserves, adopted by the CIM Council, as amended ("CIM Definition Standards") These definitions differ from the definitions in the SEC Industry Guide 7 ("SEC Industry Guide 7") under the Securities Act.

The terms "mineral resource", "measured mineral resource", "indicated mineral resource" and "inferred mineral resource" are defined in, and required to be disclosed by NI 43-101; however, these terms are not defined terms under SEC Industry Guide 7 and are normally not permitted to be used in reports and registration statements filed with the SEC. Investors are cautioned not to assume that all or any part of a mineral deposit in these categories will ever be converted into reserves. "Inferred mineral resources" have a great amount of uncertainty as to their existence, and great uncertainty as to their economic and legal feasibility. It cannot be assumed that all, or any part, of an inferred mineral resource will ever be upgraded to a higher category. Under Canadian rules, estimates of inferred mineral resources may not form the basis of feasibility or pre-feasibility studies, except in rare cases. Investors are cautioned not to assume that all or any part of an inferred mineral resource exists or is economically or legally mineable.

Image Available: http://www.marketwire.com/library/MwGo/2017/12/21/11G149082/Images/Fire_Creek_-_Open_Pit_Resource_Press_Release_-_12_-f7080ef6a888bc568cd294f58cec57e0.jpg
Image Available: http://www.marketwire.com/library/MwGo/2017/12/21/11G149082/Images/Fire_Creek_-_Open_Pit_Resource_Press_Release_-_12_-c3795ad2462bb8089753bd63655e2d73.jpg
Image Available: http://www.marketwire.com/library/MwGo/2017/12/21/11G149082/Images/Fire_Creek_-_Open_Pit_Resource_Press_Release_-_12_-8d7cf4486ed083719e3799e3b3762f84.jpg

For More Information
John Seaberg
Senior Vice President, Strategic Relations
O: 775-284-5757
M: 303-668-7991
[e-mail]