New Klondike Appoints Chairman and Grants Options

New Klondike Exploration Ltd. (TSX VENTURE:NK) ("New Klondike" or the "Company")
is pleased to announce 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. His investment and capital
markets experience has provided him with exposure to, and knowledge of, a broad
range of industries. Mr. Ollerhead holds a B.A. with a concentration in
Statistics from the University of Western Ontario, and an M.B.A. with a
concentration in Finance from McGill University. In 2010, Mr. Ollerhead
completed the Directors Education Program at the Institute of Corporate
Directors at the Rotman School of Management, University of Toronto. He is a
member of the board of directors of TSX-listed BioExx Specialty Proteins Ltd.
where he serves as Chairman of the board. He is also a member of the board of
directors of TSXV- listed Thermal Energy International Inc.


The Company also announces that it has granted a total of 500,000 stock options
to purchase common shares of the Company to certain officers, directors and to a
geological consultant of New Klondike. The options are exercisable for a period
of five years at an exercise price of $0.15 per option and will expire on
February 12, 2018. 


The stock options have been granted pursuant to the terms of the Company's 2012
Stock Option Plan (the "Plan") adopted and approved by shareholders at the
Annual and Special Meeting of Shareholders held on Friday, July 13, 2012. A
total of, up to 10% of the Company's issued common shares are reserved for grant
under the Plan. New Klondike presently has 17,342,845 common shares issued. Each
stock option gives the option holder the right to purchase one common share of
the Company. Immediately following the grant of the above stock options, the
Company has a total of 1,250,000 stock options outstanding.


About New Klondike

New Klondike is a mineral exploration and development company focused on the
acquisition and development of base and precious metal deposits on the Goldstorm
Project and its other exploration properties in Ontario. 


FOR FURTHER INFORMATION PLEASE CONTACT: 
New Klondike Exploration Ltd.
Michael Coulter
President
416-368-3332
info@newklondike.com
www.newklondike.com

New Klondike Exploration Ltd. (TSXV:NK)
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