Glenn Pountney announces acquisition of additional common shares of Klondex Mines Ltd.

AURORA, ON, Sept. 7, 2012 /CNW/ - Glenn Pountney announced that on September 5, 2012 he purchased an additional 870,000 common shares ("Common Shares") of Klondex Mines Ltd.(TSX: KDX) ("Klondex") through the facilities of the Toronto Stock Exchange at an average price per Common Share of $1.20, representing approximately 1.84% of Klondex's issued and outstanding Common Shares.  After giving effect to the acquisition, Mr. Pountney owns or has control or direction over an aggregate of 6,575,000 Common Shares representing approximately 13.9% of Klondex's issued and outstanding Common Shares.

The Common Shares were acquired, without any joint actors, for investment purposes and Mr. Pountney may increase or decrease his investment in Klondex depending on market conditions or any other relevant factors.

SOURCE: Glenn Pountney

For further information:

Glenn Pountney

pount18@hotmail.com

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Glenn Pountney

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