Klondike Gold Corp. announced that it has completed the first phase of 2024 exploration drilling, completed initial prospecting, and received new detailed prospectivity interpretation of airborne magnetic data to aid ongoing targeting of orogenic gold (Au) occurrences at the Company's 100% owned Klondike District Property in the Dawson mining district, Yukon, Canada. Highlights: First phase of drilling completed 19 holes totaling 2,750 meters targeting Stander Zone gold mineralization with the objective of expanding gold mineralization adjacent the current Stander Zone mineral resource sub-area.

Phase one drilling follows up the discovery of high grade (0.97 opt Au to 2.91 opt Au) gold veining in each of four 2023 drill holes over 400 meters strike length and 200 meters dip length. Assays pending. Second phase of drilling of approximately 2,500 meters is expected to begin this week to test the additional resource potential of high grade gold veining at Stander Zone and to test for potential extensions.

Prospecting targeted the newly interpreted outcrop line on the Eldorado Creek slope of Stander Zone mineralization and successfully located and sampled areas of quartz veining. Prospecting continues in specific target areas. Assays pending.

The Company received structural lineament and mineral potential maps interpreted from new reprocessing of magnetic datasets of the Property by RDC Consulting provided under a Klondike Gold /CASERM (Centre for Advanced Subsurface Earth Resource Models) research contract. Lineament analysis informs a regional structural recharacterization of the Klondike District Property developed by the Company to target the world class gold endowment present in the Klondike District. Detailed surface structural and lineament mapping in combination with systematic oriented drill core measurements is directly contributing to drill targeting of high-grade orogenic gold veins at the Stander Zone.