File: '\\swfile\EmailIn\20260127 110355 Attachment January 2026 correction.docx'

804-750 West Pender Street

Vancouver, B.C. Canada V6C 2T7

Telephone: 604-682-2928

Fax: 604-685-6905

Our Vision: Near Term Silver/Zinc/Lead Production www.klondikesilver.com

TSX-V: KS FRA: K1SN

KLONDIKE SILVER CORP. - Correction

January 27, 2026 - Vancouver, Canada - Klondike Silver Corp. ("Klondike" or the "Company") wishes to provide this correction to its previous press release

The Company announced its intention to consolidate its share capital on a 1:10 basis. The pre and post consolidation numbers announced were incorrect. The Company wishes to clarify that a 1:10 consolidation will result in a reduction from 268,882,107 outstanding common shares to approximately 26,888,201 outstanding common shares.

On Behalf of the Board of Directors

KLONDIKE SILVER CORP

"Thomas J. Kennedy"

CEO and Director

Additional information can be found on Klondike Silver's website: www.klondikesilver.com

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. The TSX Venture Exchange has not reviewed the content of this news release and therefore does not accept responsibility or liability for the adequacy or accuracy of the contents of this news release.

Caution Regarding Forward-Looking Information

This news release includes certain information that may constitute "forward-looking information" under applicable Canadian securities legislation. Forward-looking information includes, but is not limited to, statements about strategic plans, future work programs and objectives and expected results from such work programs. Forward-looking information necessarily involve known and unknown risks, including, without limitation, risks associated with general economic conditions; inability to access sufficient capital from internal and external sources, and/or inability to access sufficient capital on favorable terms; and other risks.

Forward-looking information is necessarily based upon a number of estimates and assumptions that, while considered reasonable, are subject to known and unknown risks, uncertainties, and other factors which may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking information and the risks identified in the Company's continuous disclosure record. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. Accordingly, readers should not place undue reliance on forward-looking information. All forward-looking information contained in this news release is given as of the date hereof and is based upon the opinions and estimates of management and information available to management as at the date hereof. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by law.

File: Attachment January 2026 correction.pdf

804-750 WEST PENDER STREET VANCOUVER, B.C. CANADA V6C 2T7

TELEPHONE: 604-682-2928 FAX: 604-685-6905

Our Vision: Near Term Silver/Zinc/Lead Production

WWW.KLONDIKESILVER.COM

TSX-V: KS FRA: K1SN

KLONDIKE SILVER CORP. Correction

January 27, 2026 - Vancouver, Canada - Klondike Silver Corp. ("Klondike" or the "Company") wishes to provide this correction to its previous press release

The Company announced its intention to consolidate its share capital on a 1:10 basis. The pre and post consolidation numbers announced were incorrect. The Company wishes to clarify that a 1:10 consolidation will result in a reduction from 268,882,107 outstanding common shares to approximately 26,888,201 outstanding common shares.

On Behalf of the Board of Directors

KLONDIKE SILVER CORP "Thomas J. Kennedy" CEO and Director

Additional information can be found on Klondike Silver's website: www.klondikesilver.com

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. The TSX Venture Exchange has not reviewed the content of this news release and therefore does not accept responsibility or liability for the adequacy or accuracy of the contents of this news release.

Caution Regarding Forward-Looking Information

This news release includes certain information that may constitute "forward-looking information" under applicable Canadian securities legislation. Forward-looking information includes, but is not limited to, statements about strategic plans, future work programs and objectives and expected results from such work programs. Forward-looking information necessarily involve known and unknown risks, including, without limitation, risks associated with general economic conditions; inability to access sufficient capital from internal and external sources, and/or inability to access sufficient capital on favorable terms; and other risks.

Forward-looking information is necessarily based upon a number of estimates and assumptions that, while considered reasonable, are subject to known and unknown risks, uncertainties, and other factors which may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking information and the risks identified in the Company's continuous disclosure record. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. Accordingly, readers should not place undue reliance on forward-looking information. All forward-looking information contained in this news release is given as of the date hereof and is based upon the opinions and estimates of management and information available to management as at the date hereof. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by law.