KLONDIKE SILVER CORP. ("KS")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: July 9, 2009
TSX Venture Tier 2 Company

TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced June 25, 2009:

Number of Shares: 10,610,000 shares (of which 2,310,000 are flow-through)

Purchase Price: $0.06 per share

Warrants: 10,610,000 share purchase warrants to purchase 10,610,000 shares

Warrant Exercise Price: $0.10 for a two year period

Number of Placees: 8 placees

Finder's Fee: $4,800 payable to Union Securities Ltd.
$720 payable to Wolverton Securities Ltd.

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.