Klondike Gold Corp.: Richard Hughes Resigns as Director

VANCOUVER, BRITISH COLUMBIA -- (Marketwired) -- 05/17/13 -- Klondike Gold Corp. (TSX VENTURE: KG) (the "Company") hereby announces Richard Hughes has tendered his resignation as Chairman and Director. The Company wishes to thank Richard for his many years of service, specifically for founding the Company and for assembling the largest mineral claim block in the Klondike Gold Fields which host the Eldorado and Upper Bonanza Creek drainages. His early work in the Klondike advanced the search for hard-rock gold sources and set the stage for the material advances the company made during the 2012 exploration season. Eldorado and Bonanza Creeks are recognized as having historically the most productive placer claims, per area, some of which still continue to produce today. Underlying these rich placer operations are Klondike Gold Corp.'s hard-rock claims. Significantly most of the placer gold being mined on Eldorado and Upper Bonanza originated from sources on the Lone Star Ridge which was the centre of Richard's attention for many years. Thanks to his efforts this property is now in the hands of Klondike Gold Corp. The Company appreciates Richard's foresight and historic support and wishes him all the best in his future endeavours.


ABOUT KLONDIKE GOLD CORP.

Klondike Gold Corp. is a Canadian exploration company with offices in Vancouver, British Columbia, and Dawson City, Yukon. The Company is focused on the development of its Yukon gold properties, and also holds a large portfolio of gold and base metal projects in southeastern British Columbia, and Portugal.


Statements in this press release, other than purely historical information, including statements relating to the Company's future plans and objectives or expected results, may include forward-looking statements. Forward-looking statements are based on numerous assumptions and are subject to all of the risks and uncertainties inherent in resource exploration and development. As a result, actual results may vary materially from those described in the forward-looking statements.

Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this press release.



Contacts:

Klondike Gold Corp.
Erich Rauguth, President & CEO
604-685-2222
604-685-3764 (FAX)
info@klondikegoldcorp.com
www.klondikegoldcorp.com