Klondike Gold Corp. reported 2023 mapping, rock sampling and diamond drilling results from nine holes at the Gay Gulch gold showing on the Company's 100% owned Klondike District Property (the "Property") in the Dawson mining district, Yukon, Canada. Highlights: DDH EC23-501 returned 4.39 g/t gold over 6.95 meters from 19.55 meters; DDH EC23-502 returned 14.08 g/t gold over 1.10 meters from 17.10 meters.

These continuing positive 2023 results will have an even greater impact going forward. Prospecting, mapping, and diamond drilling was conducted at the Gay Gulch gold target located 800 meters across strike from the Stander Zone gold mineral resource area. Six prospecting samples of individual 5 to 20 cm wide outcrop quartz veins were collected in the Gay Gulch showing from new exposures of shear veining containing visible gold adjacent gold-mineralized sheeted veins.

New sampling of the main shear vein yields a "highlight" outcrop sample assayed 108.1 g/t Au (3.46 opt Au) containing abundant visible gold. Both drill holes EC23-506 and EC23-507 at 'Upper Gay Gulch" intersected interesting gold-bearing quartz vein intervals. Drilling at Gay Gulch intersected two horizontally oriented granite lithologic units bounded by shear (thrust) faults.

Gold is present in both shear veins and sheeted quartz veins developed preferentially in proximity to the granite margins. Rock sampling with mapping results from Stander East and other targets mapped during this effort are pending. Assays from 16 out of 25 drilled in 2023 have now been reported.

The remainder of the 2023 drill hole program assays are pending. The remainder of the 20 23 drill hole program assays are ongoing.