Klondike Gold Announces Merger with Klondike Star Mineral Corporation

Vancouver, British Columbia (FSCwire) - Klondike Gold Corp. (TSX.V:KG; FRA: LBDP) (“Klondike Gold” or the “Company”) announces that on December 20, 2016, Klondike Gold agreed to merge with Klondike Star Mineral Corporation (“Klondike Star”), a Delaware corporation with claims in the Klondike region of the Yukon.  The merger requires filing a Certificate of Merger with Delaware, and Klondike Gold will be the surviving company. 

Klondike Gold will own all of the claims of Klondike Star which include many of the same areas now under exploration by Klondike Gold. The shareholders of Klondike Star will receive either .025 shares of Klondike Gold stock for every share of Klondike Star, or $.0035 per share, depending on regulatory requirements.  All Klondike Star shareholders of record will be mailed the required documents for tendering their Klondike Star shares for conversion.  We encourage Klondike Star shareholders to download the same applicable documents from the link on our website to expedite this process (CLICK HERE).  If all the remaining Klondike Star shares are tendered a maximum of 487,216 shares of Klondike Gold will be issued.

ABOUT KLONDIKE GOLD CORP.

Klondike Gold Corp. is a Canadian exploration company with offices in Vancouver, British Columbia, and Dawson City, Yukon Territory.  The company is focused on exploration and development of its Yukon gold projects, accessible by government maintained roads located on the outskirts of Dawson City, YT, covering a district-scale 527 square kilometers of hard rock and 20 square kilometers of placer claims including “McKinnon Creek” featured on the Discovery Channel show “Gold Rush”.

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.

Disclaimer for Forward-Looking Information

“This press release contains “forward-looking information” and “forward-looking statements” within the meaning of applicable securities laws. This information and statements address future activities, events, plans, developments and projections. All statements, other than statements of historical fact, constitute forward-looking statements or forward-looking information. Such forward-looking information and statements are frequently identified by words such as “may,” “will,” “should,” “anticipate,” “plan,” “expect,” “believe,” “estimate,” “intend” and similar terminology, and reflect assumptions, estimates, opinions and analysis made by management of Klondike in light of its experience, current conditions, expectations of future developments and other factors which it believes to be reasonable and relevant. Forward-looking information and statements involve known and unknown risks and uncertainties that may cause Klondike’s actual results, performance and achievements to differ materially from those expressed or implied by the forward-looking information and statements and accordingly, undue reliance should not be placed thereon.

Risks and uncertainties that may cause actual results to vary include but are not limited to the availability of financing; fluctuations in commodity prices; changes to and compliance with applicable laws and regulations, including environmental laws and obtaining requisite permits; political, economic and other risks; as well as other risks and uncertainties which are more fully described in our annual and quarterly Management’s Discussion and Analysis and in other filings made by us with Canadian securities regulatory authorities and available at www.sedar.com. Klondike disclaims any obligation to update or revise any forward-looking information or statements except as may be required.”

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