New Klondike Exploration Ltd. announced the appointment of Mr. William Ollerhead to the position of Chairman of the company's Board of Directors. He has been a member of the Board since February 2008 and will also continue to act as Chairman of the company's Audit Committee. Mr. Ollerhead will take a leading role in advancing the company's corporate governance policies and have a more active, day-to-day role, assisting management to meet the company's objectives.

Mr. Ollerhead is the principal of Ollerhead Capital, a division of a private investment and management services company. He has over 20 years of experience in the capital markets and corporate finance field.