Klondike Gold Announces $750,000 Private Placement

Klondike Gold Corp. (TSX.V:KG)(FRA:LBDP)(OTCQB:KDKGF) has announced plans to raise up to $750,000 through a non-brokered private placement. The financing will consist of both flow-through and non-flow-through units.

The Flow-Through Placement units will be sold at $0.10 each. These units include one common share, which qualifies as a flow-through share for Canadian income tax purposes, and one share purchase warrant. The Non-Flow-Through Placement units will be sold at $0.09 each and also include one common share and one share purchase warrant.

Each share purchase warrant gives the holder the right to buy one common share at $0.15 for two years from the issuance date. The funds raised will support the exploration and development of the company's Yukon properties and provide general working capital.

The financing is subject to TSX Venture Exchange approval and may close in tranches. All securities issued will be under a four-month-plus-one-day hold period.