VANCOUVER, BC / ACCESSWIRE / February 20, 2019 / Klondike Gold Corp. (TSX-V: KG; FRA: LBDP; OTC: KDKGF) ("Klondike Gold" or the "Company") announces that it plans to raise up to $2,750,000 in aggregate of flow-through funds (the "Flow-Through Placement") and non-flow-through funds (the "Non-Flow-Through Placement) by way of a non-brokered private placement.

The Flow-Through Placement will consist of the sale of flow-through shares at a price of $0.22 per flow-through unit with each unit consisting of one common share and one share purchase warrant.

The Non-Flow-Through Placement will consist of the sale of units at a price of $0.20 per unit, with each unit consisting of one common share and one share purchase warrant.

Each warrant will entitle the holder to purchase one common share at a price of $0.35 per common share for a period of 3 years from closing. Finder's fees on the gross proceeds of the offering may be paid.

The Company intends to use the proceeds from the offering to continue exploration and development of the Company's Yukon properties, as well as for general working capital.

The securities issued in connection with this transaction are subject to TSX Venture Exchange approval and all securities will be subject to a four month statutory hold period after closing.

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 557 square kilometer property accessible by government maintained roads located on the outskirts of Dawson City, YT within the Tr'ondëk Hwëch'in First Nation traditional territory.

On behalf of KLONDIKE GOLD CORP.

"Peter Tallman"

President and CEO (604) 609-6138 E-mail: [email protected] Website: www.klondikegoldcorp.comNeither 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.