Vancouver, BC - July 31, 2008 - Klondike Silver Corp. (TSX-V: KS) is pleased to announce the arrival of the first delivery of lead-zinc-silver material from its Stump Property in the Yukon to its wholly owned milling complex located in Sandon, B.C. Approximately 2500 to 3000 tons of material from the Stump will be delivered and processed over the next three months.

Four bulk samples, collectively comprising approximately 80 tons of galena-rich material, were extracted from the Stump in 2007 and returned values as high as 42% Pb and 47 oz/ton Ag (head grades reported from the mill are listed on Table I). The concentrate is currently stored at the Sandon mill.

Klondike Silver recently entered into an agreement with a smelter (see news release dated July 14, 2008) to process the concentrate once the entire shipment has been milled.

The Stump property is wholly owned by Klondike Silver, subject to a net smelter return royalty. It is road accessible and hosts silver-lead veins that are part of a large mineral camp which includes the former Ketza gold mine, 5 km to the west.

About Klondike Silver

Klondike Silver Corp. has assembled a quality portfolio of silver and silver-rich poly-metallic properties in historic mineral districts of North America, and is applying advanced exploration technologies to add value to these core assets.

Klondike Silver is a member of the Hughes Exploration Group of Companies and is led by a team with a stellar track record of discovery and development in Canada.

CONTACT INFORMATION

Corporate Inquiries: Kevin Hull or Alan Campbell

(604)-685-2222

Email: info@klondikesilver.com

Or visit Klondike Silver's web-site: www.klondikesilver.com to see Smartstox interviews with our Company President.

AGORACOM Investor Relations

Email: KS@agoracom.com

Website: http://www.agoracom.com/ir/KlondikeS...