Klondike Gold Corp. announced a non-brokered private placement of minimum of 9,523,809 non flow-through units and a maximum of 14,285,714 non flow-through units at an issue price of CAD 0.105 per unit for gross proceeds of a minimum of CAD 1,000,000 and a maximum of up to CAD 1,500,000 and maximum of 17,391,304 flow-through units at an issue price of CAD 0.115 per flow-through unit for gross proceeds of up to CAD 2,000,000 for aggregate gross proceeds of up to CAD 3,500,000 on March 14, 2023. Each non flow-through unit will be comprised of one common share and one common share purchase warrant.

Each flow-through unit will consist of one flow-through common share and one warrant. Each warrant entitling its holder to purchase one additional common share at an exercise price of CAD 0.20 for a period of 24 months from the date of issue. The transaction is expected to be completed in multiple tranches, with the first tranche expected to close on or about March 23, 2023.

The non flow-through unit will not be subject to any statutory hold period in accordance with applicable Canadian securities laws. The flow-through are subject to TSX Venture Exchange approval and all securities will be subject to a four month and one day statutory hold period after the date of closing. A finder's fee of 6% cash and 6% finder's warrants will be paid on the gross proceeds of the offering.