🕐12.07.11 - 15:54 Uhr

KLONDEX MINES CONFIRMS SEVEN-MEMBER BOARD WITH SUBSTANTIAL NEVADA GOLD MINING EX
PERIENCE; APPOINTS BLANE WILSON AS CEO AND KEN STOWE AS LEAD DIRECTOR



======================================================================= News - Tuesday, July 12, 2011 Klondex Mines Confirms Seven-Member Board with Substantial Nevada Gold Mining Experience; Appoints Blane Wilson as CEO and Ken Stowe as Lead Director ======================================================================= Vancouver, BC Canada, July 12, 2011 - Klondex Mines Ltd.

(TSX: KDX), which is focused on the exploration and development of its 100% owned Fire Creek gold deposit in North Central Nevada, today confirmed the election of six Directors to its Board at its annual shareholders meeting held June 30, 2011 and the subsequent appointment of Ken Stowe as a seventh Director.

Mr.

Stowe shall also serve in the role of Lead Director.

The Klondex Board now includes five independent Directors. Klondex also announced that Blane Wilson has been named President and Chief Executive Officer of the Company, expanding upon his prior role as President and Chief Operating Officer.

William J.

Solloway, who has stepped down as CEO, remains as Chairman of the Klondex Board. The new Board provides substantial precious metals exploration, production, processing and finance experience as Klondex enters an exciting new phase of underground exploration, deposit delineation/verification and bulk sampling, seeking to advance its goal of becoming a successful mid-tier gold mining company.

Klondexs Board is comprised of the following professionals: Andre Douchane, Director, has extensive experience in developing and managing mines in Nevada, including the Round Mountain gold mine, several projects for Battle Mountain Gold and Battle Mountain North America, and Franco-Nevadas Ken Snyder (Midas) gold mine.

He is Chairman of North American Palladium Ltd.

and a Director of Osisko Mining Corporation. Robin Goad, Director, is a professional geologist with approximately 30 years of experience in the mining and exploration industries in Canada and internationally.

He is President, CEO and a Director of Fortune Minerals Limited, a director of the Northwest Territories and Nunavut Chamber of Mines, and a director of Andor Mining Inc. Warren Moysey, Director, was with CIBC for 28 years, with his last position as director and one of three bank presidents.

He has also held senior positions at financial institutions including Chairman and CEO of CI Mutual Funds Inc.

and is currently an Independent Review Committee member for Toronto Dominion Asset Management Inc.

and a director of a TDAM Mutual Fund. William Solloway, Chairman, is Barrister/Solicitor and active investor overseeing family interests in mining, natural resource and other public companies.

After a career in law, Mr.

Solloway held management positions at Canadian Bechtel, Trans Mountain Pipeline and was a principal at Minbanco Corp., Camino Gold Mines and The Marshall Plan asset managers affiliated with CALPERS. Kenneth Stowe, Lead Director, has over 35 years of mining industry experience.

He is the outgoing President and CEO of Northgate Minerals Corporation and the recipient of the Canadian Mineral Processor of the Year Award in 2006.

Prior to Northgate, Mr.

Stowe worked in various operational, R&D and corporate leadership roles at Noranda, Diamond Fields Resources and Westmin Resources/Boliden.

Mr.

Stowe is a director of Hudbay Minerals Inc. Chad Williams, Director, is a professional mining engineer and was a highly ranked institutional equity analyst covering the gold and precious metals sector.

He previously served as a Senior Gold Analyst and ultimately Head of Investment Banking at Blackmont Capital Inc.

He is a director and former President and CEO of Victoria Gold Corp.

and a director of Golden Valley Mines Ltd. Blane Wilson, Director, President and CEO, has over 25 years of mining, gold refining and processing, permitting, water management, reclamation and construction experience, including serving as Corporate Operations Manager for Queenstake Resources USAs Jerritt Canyon Nevada gold mine. Mr.

Wilson is COO of Golden Eagle International, Inc. Audit & Compensation and Governance Committee Appointments: Klondexs new Board of directors has appointed a new Audit Committee and expanded the scope of its prior Compensation Committee to form the Compensation and Governance Committee.

Andre Douchane, Robin Goad, and Ken Stowe have each agreed to serve on both the Audit Committee and the Compensation and Governance Committee. Klondex President and CEO, Blane Wilson, commented, "Klondex has forged a very strong, independent board with an impressive track record of mining industry accomplishment and mine operations experience, including relevant Nevada gold mining involvement.

The Boards guidance will prove instrumental as we execute our active surface and underground programs at Fire Creek which continue to make solid progress.

The Board has also made substantial Corporate Governance headway, having formed fully-independent Audit and Compensation and Governance Committees.

These are important steps for Klondex that reflect our evolution as a company and represent clear signs of the Boards responsiveness to shareholders." About Klondex Mines Ltd.

(www.klondexmines.com): Klondex Mines is focused on the exploration and development of its 100% owned Fire Creek gold deposit in North Central Nevada.

As of July 11, 2011, Klondex had 37.0 million shares issued and outstanding and 43.6 million shares on a diluted basis. On Behalf of Klondex Mines Ltd. Blane Wilson President and CEO
Investor Contacts: Bryson Goodwin Klondex Mines Ltd.

(604) 341-1531 David Collins Jaffoni & Collins (212) 835-8500 ======================================================================= Copyright (c) 2011 KLONDEX MINES LIMITED (KDX) All rights reserved.

For more information visit our website at http://www.klondexmines.com/ or send mailto: ----------------------------------------------------------------------- To Unsubscribe from this email list, click here: http://www.klondexmines.com/s/Unsubscribe.asp? =======================================================================



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