Klondike Gold Corp Extends Share Purchase Warrant Expiry Date

VANCOUVER, February 27, 2020 - Klondike Gold Corp. (TSXV:KG)(FRA:LBDP)(OTC:KDKGF) ("Klondike Gold" or the "Company") has extended the term of 5,575,000 warrants (the "warrants") issued pursuant to a private placement which closed on April 4, 2017. The warrants are currently exercisable at $0.30 per share and are set to expire on April 4, 2020. The Company is applying to extend the expiry date of the 5,575,000 warrants to April 4, 2022. All other terms of the warrants, including the exercise price will remain unchanged. The proposed warrant extension has been approved by the Company's board of directors, subject to the approval of the TSX Venture Exchange.

ABOUT KLONDIKE GOLD CORP.

Klondike Gold Corp. is a Vancouver based gold exploration company advancing its 100%-owned Klondike District Gold Project located at Dawson City, Yukon Territory, one of the top mining jurisdictions in the world. The Klondike District Gold Project targets gold associated with district scale orogenic faults along the 55-kilometer length of the famous Klondike Goldfields placer district. To date, multi-kilometer gold mineralization has been identified at both the Lone Star Zone and Stander Zone, among other targets. The Company is focused on exploration and development of its 586 square kilometer property accessible by scheduled airline and 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) 609-6110
E-mail: info@klondikegoldcorp.com
Website: www.klondikegoldcorp.com

Neither 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.

SOURCE: Klondike Gold Corp.