VANCOUVER, BC — Klondike Gold Corp. (the “Company”) is pleased to announce it is arranging for a private placement of up to 6 million units, for total proceeds of up to $720,000. The financing will consist of flow through and non-flow through units priced at $0.12 and $0.10 per unit respectively. Each of the units will consist of one flow-through or non-flow-through common share and one-half of one non-transferable share purchase warrant with each full warrant entitling the holder to purchase one common share for three years at a price of $0.20 per share. The private placement is subject to regulatory approval and in accordance with Exchange policies, finders’ fees may be paid on a portion of the funds raised. Proceeds will be used for exploration expenditures on the Company’s Yukon and British Columbia properties, to fund the acquisition and exploration of new mineral properties in Portugal and general working capital.