News

November 15, 2013

Klondex Announces Receipt for Final Prospectus

Elko, NV & Vancouver, BC -- November 15, 2013 -- Klondex Mines Ltd. (TSX:KDX; OTCQX: KLNDF) ("Klondex", or the "Company") is pleased to announce that it has obtained a receipt (the "Receipt") for its final short form prospectus dated November 14, 2013 (the "Prospectus") filed with the securities regulatory authorities in each of the provinces of Canada, except Quebec. The Prospectus qualifies the distribution of 14,200,000 common shares of the Company (the "Common Shares") issuable upon the deemed exercise of 14,200,000 special warrants (the "Special Warrants") previously issued by the Company. As previously announced, the Special Warrants were issued on a private placement basis on October 16, 2013 through a syndicate of agents led by GMP Securities L.P. and including MGI Securities Inc., Mackie Research Capital Corporation, M Partners Inc., Euro Pacific Canada Inc., Jones, Gable & Company Limited and PI Financial Corp. In accordance with the terms of the indenture governing the Special Warrants, each Special Warrant entitles the holder thereof to receive, upon exercise or deemed exercise thereof and for no additional consideration, one Common Share.

All unexercised Special Warrants will be deemed to be exercised on November 20, 2013. Following the deemed exercise, holders of Special Warrants should check with their broker to ensure the underlying Common Shares have been properly credited to their account (other than those to be issued to certain holders, including United States holders, who will receive physical certificates representing Common Shares).

A copy of the Prospectus and the Receipt are available on SEDAR under the Company's profile at www.sedar.com.

About Klondex Mines Ltd. (www.klondexmines.com)
Klondex Mines is focused on the exploration and development of its high-grade Fire Creek gold deposit in North-Central Nevada. Fire Creek is a compelling gold project located in a mining-friendly jurisdiction, near major producers, power, transportation, mining infrastructure and milling facilities. As at November 15, 2013, and assuming the conversion of the Special Warrants to Common Shares, the Company had 79.2mm Common Shares issued and outstanding and 103.1mm Common Shares, fully diluted.

Klondex Mines Ltd.
Paul Huet
President & CEO
775-284-5757
investors@klondexmines.com

Klondex Mines Ltd.
Alison Tullis
Manager, Investor Relations
647-233-4348
atullis@klondexmines.com

Catalyst Global LLC
Toni Trigiani
Investor Relations
212-924-9800
kdx@catalyst-ir.com

Cautionary Note Regarding Forward-Looking Information
This news release contains certain information that may constitute forward-looking information under applicable Canadian securities legislation. This forward-looking information entails various risks and uncertainties, is based on current expectations, is subject to a number of uncertainties and risks, and actual results may differ materially from those contained in such information. These uncertainties and risks include, but are not limited to, the strength of the global economy; the price of gold; operational, funding and liquidity risks; the degree to which mineral resource estimates are reflective of actual mineral resources; the degree to which factors which would make a mineral deposit commercially viable are present; the risks and hazards associated with underground operations. Risks and uncertainties about the Company's business are more fully discussed in the Company's disclosure materials filed with the securities regulatory authorities in Canada and available at www.sedar.com. Readers are urged to read these materials. The Company assumes no obligation to update any forward-looking information or to update the reasons why actual results could differ from such information unless required by law.