Two insiders playing, a good sign?

KLONDIKE GOLD CORP. ("KG")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: November 16, 2009
TSX Venture Tier 2 Company

TSX Venture Exchange has accepted for filing documentation with respect to the second and final tranche of a Non-Brokered Private Placement announced September 23, 2009:

Number of Shares: 950,000 flow-through shares
3,950,000 non flow-through shares

Purchase Price: $0.04 per flow-through share
$0.025 per non flow-through share

Warrants: 4,900,000 share purchase warrants to purchase 4,900,000 shares

Warrant Exercise Price: $0.05 for a one year period
$0.10 for the remaining four years

Number of Placees: 15 placees

Insider / Pro Group Participation:

Insider=Y /
Name ProGroup=P / # of Shares
Alan Campbell Y 250,000 flow-through
Hastings Management Corp. (Richard W. Hughes) Y 1,100,000 flow-through

Pursuant to Corporate Finance Policy 4.1, Section 1.11(d), the Company must issue a news release announcing the closing of the private placement and setting out the expiry dates of the hold period(s). The Company must also issue a news release if the private placement does not close promptly.