Regional silt survey identifies highest anomalous sites within Klondike District Gold property.

Klondike Gold Corp. Feb. 22 announced that with the help of Newmont Canada, the company was able to identify the highest anomalous sites within its Klondike District Gold property in Yukon, Canada.

"We have pursued the idea of conducting a regional geochemical survey for years to characterize where Klondike might fit in the major tectonic gold belt picture, and we would like to thank Newmont for their cooperation on independently delivering their own professional survey and for providing us the contextual results," said Klondike Gold President and CEO Peter Tallman.

Located roughly 20 kilometers (12 miles) southeast of Dawson City, the Klondike District Gold Project comprises 3,913 quartz claims in one contiguous land package covering 727 square kilometers (452 miles) of the legendary Yukon gold district.

Advancing the project for over a decade, Klondike's land package includes the Eldorado property and the Klondike Gold claims. The Eldorado property hosts the Lone Star and Stander zones, which together host 21.59 million metric tons of indicated resource averaging 0.68 grams per metric ton (468,901 ounces) gold and 6.46 million tons of inferred resource averaging 0.54 g/t (111,959 oz) gold.

Klondike Gold Corp.

Map of gold percentile rank of 37 BLEG sample sites within the Klondike District Property out of the 292 regional sample survey conducted by Newmont Canada.

Conducting a regional bio-leach extractable gold (BLEG) survey last year, Newmont Canada sampled a total of 292 sites around the area where Klondike's claims reside. With permission from the company, Newmont sampled 37 sites within the property.

Field samples were collected by Newmont personnel and chemical analyses were performed at Newmont's laboratory in Denver, Colorado. There, the company provided results for 50 elements as well as a percentile ranking value for each element analyzed from the 37 samples, as well as their relation to the 292-sample regional dataset.

From its testing, Newmont graciously shared its findings with Klondike.

The highest percentile ranks of BLEG survey element analyses of characteristic "orogenic gold deposit" model elements were collected from those 37 Klondike sites.

Klondike reported the six highest percentile gold sites, as well as the highest tracer elements where 100% in the highest and between 90 and 99% ranks it in the top 10th percentile. Highlights include:

• Gold – one sample returned 100% and five returned between 90 to 99% out of 292 samples.

• Tellurium – one sample returned 100% and four at 90 to 99%.

• Silver – one sample returned 100% and four at 90 to 99%.

• Bismuth – two samples returned tied values of 100%, and four returned 90 to 99%.

• Lead – two samples again tied at 100%.

• Copper – six samples returned between 90 to 99%.

"These are as we expected: our Klondike District Property contains the regional #1 orogenic gold anomaly based on multiple elements," said Tallman. "And the anomalism is throughout the strike length of the property with new target areas indicated by this survey that require immediate prospection in 2024."

All six sites are located adjacent to major crustal faults mapped by Klondike, which are associated with orogenic gold mineralization within a corridor of rock types the company has identified as highly prospective.

No samples in the BLEG survey were collected within 10 kilometers (6.2 miles) of the northwestern end of the property thus excluding the highly prospective drainages of Eldorado and Bonanza Creeks where Klondike has outlined the open-ended Lone Star and Stander deposits both with open pit constrained mineral resource estimate areas.

Further signaling the prospectivity of this once legendary district, Klondike remains confident that despite its historic scouring, more yet remains in this northwestern Canadian property.