Fire Creek expected to begin Bulk Sampling Program by end of 2013

Message: Klondex Invites Shareholders to Visit at the Vancouver Resource
Conference January 23-24 - Booth 1122

Jan. 14, 2011 (Business Wire) -- Klondex Mines Ltd. (TSX: KDX) invites all investors and interested parties to join the management team for an update on its Fire Creek property in North Central Nevada at the Cambridge House Vancouver Resource Investment Conference, January 23-24, 2011. Klondex will review progress on its planned underground development program at Fire Creek. The Vancouver conference kicks-off Klondex’s 2011 investor outreach program aimed at raising awareness of Klondex’s high-grade gold program at Fire Creek.

Blane Wilson, President and COO, commented, “2011 is shaping up to be a very big year for KDX and our shareholders as we transition to underground development while maintaining our surface exploration program. We are committed to a very active shareholder outreach program designed to keep investors and the market well informed as well as expanding the scope of awareness of Klondex.”

Klondex will exhibit in booth 1122 at the Vancouver Convention Centre, West. Blane Wilson, Klondex’s President and COO, will review the company’s strategy and progress on Sunday, January 23rd at 3:30 p.m. PT, at Corporate Presentation Workshop 5.

Klondex also announced plans for marketing trips to Toronto, New York, Boston San Francisco and San Antonio later this month and mid-February participation at a gold conference in New York City (February 16th & 17th). These events are a prelude to Klondex’s participation at the Prospectors and Developers Association of Canada (PDAC) Convention March 6-9 in Toronto. At PDAC KDX will have an Investors Exchange booth (#2835) as well as a Core Shack display March 8-9.

As of December 31, 2010 Klondex Mines had 36,544,089 shares issued and outstanding, 41,319,089 shares on a fully diluted basis, and approximately CDN $8 million in cash.

About Klondex Mines (

Klondex Mines Ltd. is focused on the exploration and development of its 100% owned high-grade Fire Creek gold deposit in North Central Nevada. Fire Creek is a compelling, low-Capex mining prospect that is well located near power, transportation, mining infrastructure and several milling facilities. Klondex has identified the following NI 43-101 compliant resource at Fire Creek:

Fire Creek – Indicated and Inferred Resource*

As of March 30, 2009

Classification Metric Tonnes

Grams Gold


Per Metric Tonne

Total Ounces

Gold Equivalent

Indicated 5,043,033 10.11 1,639,822
Inferred 1,833,423 8.63 508,799

*The resource is approx. 98.3% gold and 1.7% silver and reflects a cutoff grade of 5

grams per tonne and 60 units of silver equivalent to one unit of gold.


William J. Solloway Blane Wilson
Chairman and CEO President and COO


Klondex Mines Ltd.

Bryson Goodwin, 604-341-1531

[email protected]


Jaffoni & Collins

David Collins, 212-835-8500

[email protected]

Source: Business Wire (January 14, 2011 - 10:00 AM EST)
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