Mr. Peter Tallman reports

KLONDIKE GOLD ANNOUNCES RECEIPT OF FUNDS FROM GOLD ROYALTY PAYMENTS AND WARRANTS EXERCISE

Klondike Gold Corp. received funds in the first quarter of year-end (YE) 2027 from exercise of warrants and stock options and receipt of gold royalty payments from Armstrong Mining Corp. in respect of placer mining operations at the Montana Creek placer property (1) within the company's 100-per-cent-owned Klondike district project, located in the Dawson mining district of Yukon, Canada.

Highlights:

• Received a cash payment of $15,581.31 in May, representing royalty payment due from cleanup of 2025 late season gold-bearing heavy mineral concentrates processed in May, 2026, from the Montana Creek placer mine (1);
• Received 39.9 raw ounces of (unrefined) flake gold from three royalty payments derived from gold recovered during May, 2026, mining operations at the Montana Creek placer mine (1). The approximate weight received as physical credited to the company's demand account is 26.3 ounces (oz) refined gold after smelting, fees, applicable taxes and royalty charges;
• Received a total of $560,363.25 from the exercise of an aggregate of 3,595,755 warrants and stock options up to the end of May, 2026.

"The Klondike Gold team recently completed a tour of the Montana Creek placer property facilities and mining site and the operational progress we saw there is remarkable. We are confident the 2026 season productivity projections are on track and the operation is running optimally. For me, personally, it was a very informative and impressive tour," commented Peter Tallman, president and chief executive officer of Klondike Gold. "We also appreciate our shareholders support with warrant exercises and the capital that this brings to the company."

The company intends to apply cash and proceeds from warrant and option exercises and any future sale of the received gold toward advancing the 2026 bedrock exploration and drilling program under way now (3) designed to support an updated and expanded gold mineral resource estimate (MRE) (2), and for general corporate purposes.

The Klondike district project covers a 727-square-kilometre district-scale land package encompassing the entirety of the historic Klondike goldfields placer district where the company has documented numerous bedrock gold showings and related structures associated with a major orogenic-style gold mineralized system.

Qualified person

The technical and scientific information contained within this news release has been reviewed and approved by Peter Tallman, PGeo, president and CEO of Klondike Gold and qualified person as defined by National Instrument 43-101, Standards of Disclosure of Mineral Projects. Detailed technical information, specifications, analytical information and procedures can be found on the company's website.

About Klondike Gold Corp.

Klondike Gold is a Canadian exploration company focused on the advancement of its 100-per-cent-owned Klondike district project in Yukon, one of the world's most historically significant placer gold districts. The company is focused on discovering and developing large-scale gold resources through systematic exploration and geological modelling. The company also maintains a mining production royalty interest in the currently active Montana Creek placer property (1).

(1) Refer to the company's news release, entitled "Klondike Gold Receives $500,000 for Lease of Montana Creek Placer Property," dated March 3, 2025, found on the company's website.

(2) The mineral resource estimate for the Klondike district property was prepared by Marc Jutras, PEng, MASc, principal, Ginto Consulting Inc., an independent qualified person in accordance with the requirements of National Instrument 43-101. The technical report supporting the mineral resource estimate, entitled "NI 43-101 Technical Report on the Klondike District Gold Project, Yukon Territory, Canada," has been filed on SEDAR+, effective Nov. 10, 2022. Refer to the news release of Dec. 16, 2022.

(3) Refer to the company's news release, entitled "Klondike Gold Announces 2026 Diamond Drilling Program Underway to Update and Expand Gold Mineral Resources," dated May 26, 2026, found on the company's website.

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