Klondike Gold Corp Announces Option Grant

Vancouver, British Columbia (FSCwire) - Klondike Gold Corp. (TSX.V:KG; FRA: LBDP) (Klondike Gold or the Company) announces that pursuant to the Companys Stock Option Plan, a total of 3,700,000 incentive stock options have been granted to directors, officers, employees, and consultants of the Company. The options are exercisable at a price of $0.29 per share for a period of 10 years, subject to regulatory approval.

ABOUT KLONDIKE GOLD CORP.

Klondike Gold Corp. is a Canadian exploration company with offices in Vancouver, British Columbia, and Dawson City, Yukon Territory. The Company is focused on exploration and development of the Lone Star gold target at the confluence of Bonanza and Eldorado Creeks, within a district scale 553 square kilometer property accessible by government maintained roads located on the outskirts of Dawson City, YT within the Trond[[109]]k Hw[[109]]chin First Nation traditional territory.

On behalf of Klondike Gold Corp.

Peter Tallman

President and CEO

(604) 609-6110

E-mail: [email protected] (mailto:[email protected])

Website: www.klondikegoldcorp.com (http://www.klondikegoldcorp.com)

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Disclaimer for Forward-Looking Information

This press release contains forward-looking information and forward-looking statements within the meaning of applicable securities laws. This information and statements address future activities, events, plans, developments and projections. All statements, other than statements of historical fact, constitute forward-looking statements or forward-looking information. Such forward-looking information and statements are frequently identified by words such as may, will, should, anticipate, plan, expect, believe, estimate, intend and similar terminology, and reflect assumptions, estimates, opinions and analysis made by management of Klondike in light of its experience, current conditions, expectations of future developments and other factors which it believes to be reasonable and relevant. Forward-looking information and statements involve known and unknown risks and uncertainties that may cause Klondikes actual results, performance and achievements to differ materially from those expressed or implied by the forward-looking information and statements and accordingly, undue reliance should not be placed thereon.

Risks and uncertainties that may cause actual results to vary include but are not limited to the availability of financing; fluctuations in commodity prices; changes to and compliance with applicable laws and regulations, including environmental laws and obtaining requisite permits; political, economic and other risks; as well as other risks and uncertainties which are more fully described in our annual and quarterly Managements Discussion and Analysis and in other filings made by us with Canadian securities regulatory authorities and available at www.sedar.com (http://www.sedar.com). Klondike disclaims any obligation to update or revise any forward-looking information or statements except as may be required.

Source: Klondike Gold Corp. (TSX Venture:KG, OTC Bulletin Board:KDKGF) http://www.klondikegoldcorp.com/