Klondike Gold Corp (KDKGF)

[FlatEarthSoc]

NEWS

Klondike Gold (Tier2) (KG)
$ 0.045 +0.005 (12.50%)
Volume: 50,000



VANCOUVER, BRITISH COLUMBIA--(Marketwire - Dec. 15, 2009) - Klondike Gold Corp. (TSX VENTURE:KG) (the "Company") is pleased to announce, subject to regulatory approval, the acquisition of a 100% interest in the Destor West property. This property lies along the Destor Porcupine fault zone, southwest of Lakeshore Gold's West Timmins property, and is a key addition to the Company's gold portfolio.

To view a map of the recently acquired Destor West property in the West Timmins district please click on the following link or cut and paste the link into your web browser:

http://media3.marketwire.com/docs/tw_map_1215.pdf

The Company would also like to extend an invitation to all investors to view a recent Smartstox Online Talkshow interview with Dr. Trygve Hoy, P.Eng.. Dr. Hoy provides a brief summary of the Company's recent Clubine drilling results as well as an overview of the Company's exploration efforts in its search for a second 'Sullivan-type' deposit.

To view the interview, please click on the following link or cut and paste the link directly into your web browser:

http://www.smartstox.com/interviews/kg/

"Acquisition of the Destor West property marks a significant milestone for the Company as we have not previously engaged in exploration in the West Timmins Camp. The property is strategically located along the Destor Porcupine fault zone and is known to contain a number of historic hand trenches which will be the focus of preliminary exploration," comments Company President, Richard Hughes. "This acquisition adds a new dimension to an already diverse gold project portfolio, which has previously focused primarily on gold and base metal exploration in southeastern BC and in the prolific Klondike camp in the Yukon. Along with the newly acquired Destor West project, the Company's 2010 exploration plans will focus on our Clubine property in southeastern British Columbia, where drilling recently intersected visible gold and returned assays as high as 148.4 g/t gold, 203 g/t silver and 2.28% over 0.2 meters."

The Destor West property consists of five claims of 75 units in Sewell and Hillary Townships in the Porcupine Mining Division. The property is accessible by road and is approximately 45 km southwest of Timmins. Consideration for the property consists of $70,000 and 600,000 shares, payable over three years. There is a 2% net smelter return payable, one-half (1%) of which may be purchased for $1,000,000.

About Klondike Gold Corp

Klondike Gold Corp. is a member of the Hughes Exploration Group of Companies and is led by a team with a stellar track record of discovery and development in Canada.

Klondike Gold is a large landholder in southeastern British Columbia as well as in the Klondike District of Yukon Territory, an area which produced between six and twelve million ounces of gold during its historic gold rush. The Company also holds a 50% interest with partner Chalice Diamond Corp in approximately 78,000 acres of diamond properties located in the Chapleau-Wawa region of Ontario and a number of properties in southeastern British Columbia.

Please visit the Company's website: www.klondikegoldcorp.com for more information on the diamond properties in Ontario, our holdings in the Klondike and our properties in southeastern BC.

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this news release.