Klondike Silver Corp. — Concentrate Shipments Begin

VANCOUVER, BC–(EMWNews – August 19, 2008) – Klondike Silver Corp. (TSX-V: KS)

(PINKSHEETS: KLSVF) is very pleased to report that approval has been

received from a smelter to begin shipment of the concentrate held in

inventory at the Sandon Mill near New Denver, BC. Trucking of the

concentrate has been arranged to begin this week and will continue until

the entire inventory has been cleared.

The Company further reports that delivery of the 3000-ton bulk sample to

Sandon from the Stump property in the Yukon continues on schedule and is

expected to conclude by October of this year. The mineralization of the

80-ton bulk sample delivered from the same property in 2007 assayed 40%

lead and 40 oz silver per ton.

Management is encouraged with the process being made in arranging for the

sale and delivery of the concentrate and looks forward to the positive cash

flow it will create.

About Klondike Silver

Klondike Silver Corp. has assembled a quality portfolio of silver and

silver-rich poly-metallic properties in historic mineral districts of North

America, and is applying advanced exploration technologies to add value to

these core assets.

Klondike Silver is a member of the Hughes Exploration Group of Companies

and is led by a team with a stellar track record of discovery and

development in Canada.