Regional Silt Survey Identifies Highest Anomalous Sites Within Klondike District Property

VANCOUVER, BC / ACCESSWIRE / February 22, 2024 / Klondike Gold Corp. (TSX.V:KG)(FRA:LBDP)(OTCQB:KDKGF) ("Klondike Gold" or the "Company") is pleased to report results of a regional bio-leach extractable gold ("BLEG") survey conducted in 2023 by Newmont Canada which included the area of the Company's 100% owned Klondike District Property (the "Property") in the Dawson mining district, Yukon, Canada.

Peter Tallman, Klondike Gold's President & CEO states "We have pursued the idea of conducting a regional geochemical survey for years to characterize where Klondike might fit in the major tectonic gold belt picture, and we would like to thank Newmont for their cooperation on independently delivering their own professional survey and for providing us the contextual results. These are as we expected: our Klondike District Property contains the regional #1 orogenic gold anomaly based on multiple elements. And the anomalism is throughout the strike length of the Property with new target areas indicated by this survey that require immediate prospection in 2024."

Newmont Canada conducted an independent regional BLEG sampling survey totalling 292 sample sites. With permission from Klondike Gold, Newmont Canada sampled 37 sites within the Company's Klondike District Property as allowed by the Company's existing exploration permits.

Field samples were collected by Newmont personnel and chemical analyses were performed in the Newmont (USA) laboratory in Denver, Colorado. Newmont Canada personnel recently provided analytical results for each of 50 elements as well as a percentile ranking value (out of 100%, where 100% is highest value) for each element analyzed from 37 samples sites collected within the Property, relative to the 292-sample regional dataset.

HIGHLIGHTS:

The highest percentile ranks of BLEG survey element analyses of characteristic ‘orogenic gold deposit' model elements were collected from among the 37 sites within the Klondike District Property out of 292 regional samples.

Analytical results for orogenic gold pathfinder elements gold (Au), tellurium (Te), silver (Ag), bismuth (Bi), as well as copper (Cu) and lead (Pb) from the Klondike District Property, where 100% is the highest and 90-90.99% is the top 10^th percentile, include:

• Gold (Au): 1 (highest) sample at 100%, 5 (including 2^nd highest) at 90-99.99% out of 292 samples
• Tellurium (Te): 1 (highest) sample at 100%, 4 at 90-99.99% out of 292 samples
• Silver (Ag): 1 (highest) sample at 100%, 4 (including 2^nd highest) at 90-99.99% out of 292 samples
• Bismuth (Bi): 2 (highest) samples tied at 100%, 4 (including 2^nd highest) at 90-99.99% out of 292 samples
• Lead (Pb): 2 (highest) samples tied at 100% out of 292 samples
• Copper (Cu): 6 samples at 90-99.99% out of 292 samples

The six highest Percentile Au sites are shown in Figure 1 map of the Property. Each site is sampling a small drainage catchment area with none or historically limited disturbance upstream.