Klondike Silver Corp (KLSVF)

[kiwisteve]

Klondike Silver Corp. Commences 2010 Spring/Summer Regional Exploration Program in Silvana Silver Camp



- First Phase of Exploration to Focus on Existing High-Grade Targets, Including McLanders Vein, Which Is Unusually Silver Rich, With Grab Samples Assaying Up to 197 oz/ton Silver

- Second Phase to Expand on Anomalies Discovered During 2009 Soil Sampling and VLF Surveys as Well as Test for Extensions on Several Historic Zones

VANCOUVER, BRITISH COLUMBIA--(Marketwire - May 26, 2010) - Klondike Silver Corp. (the "Company") (TSX VENTURE:KS) is pleased to announce it has commenced an aggressive regional exploration program in the Slocan Silver Camp for the spring/summer exploration season. Underground work at the Silvana mine is ongoing and the Company expects to provide an underground exploration update in the near future.

"The Company expects compilation work completed over the winter to greatly assist in defining and expanding exploration targets throughout the Slocan during the course of the 2010 program," commented Company President, Richard Hughes. "The experience and local knowledge present in our exploration team is expected to greatly enhance the effectiveness and efficiency of this year's program."

Regional Program Highlights:

* Surface work to advance exploration begun last year on numerous properties in the Slocan Silver camp.

* Geotronics Consulting Inc. has been contracted to undertake an IP geophysical survey on several of these properties, starting immediately.

* The survey will be done in conjunction with a ground VLF-EM and magnetometer survey, in an attempt to discover extensions of known mineralization and/or to test geochemical anomalies

* First phase of exploration will target the McLanders vein on the Wonderful property, which was both drilled and trenched in 2005. The McLanders vein is unusually silver rich, with grab samples assaying up to 197 oz/ton silver.

* Second phase of exploration will focus on other properties including testing for an the western extension of the Violamac and Hinckley deposits, the western and eastern extensions of the Hewitt-Van Roi vein system, and the eastern extension of the Richmond-Eureka in the Cody Creek drainage basin

* Exploration during the 2010 season will include more detailed geochemical surveys, particularly in areas where 2009 surveys indicated broad silver-lead soil anomalies.

* Trenching, begun late in the 2009 season, will continue to test coincident geochemical and geophysical anomalies.

The Qualified Person for the purpose of National Instrument 43-101 is Trygve Höy, PEng, PhD who has read and agreed with the technical information in this news release.

About Klondike Silver:

Klondike Silver is a member of the Hughes Exploration Group of Companies and is led by a team with an excellent track record of discovery and development in Canada.

Klondike Silver Corp. has assembled a quality portfolio of silver properties in historic mineral districts in North America, and is applying advanced exploration technologies to add value to these core assets. Klondike Silver is reviving the Gowganda and Elk Lake silver camps in Ontario, and the world-famous Klondike district of Yukon Territory. The Company owns a 100 TPD fully operational flotation mill in Sandon, BC, which is currently processing material from local mines in the historic Slocan Silver Camp.

Visit Klondike Silver's web-site: www.klondikesilver.com to see Smartstox interviews with Company President, Richard Hughes.

The statements made in this news release may contain forward-looking statements that may involve a number of risks and uncertainties. Actual events or results could differ materially from the Company's expectations and projections.

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

For more information, please contact
Corporate Inquiries:
Klondike Silver Corp.
Kevin Hull or Alan Campbell
[phone]
[phone] (FAX)
[e-mail]
www.klondikesilver.com
or
AGORACOM Investor Relations
[e-mail]
www.agoracom.com/ir/KlondikeSilver

http://www.marketwire.com/press-release/Klondike-Silver-Corp-Commences-2010-Spring-Summer-Regional-Exploration-Program-Silvana-TSX-VENTURE-KS-1266734.htm








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