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

AURORA,ON, July 31, 2012 /CNW/ - Glenn Pountney announced today that he has purchased 322,200 common shares ("Common Shares") of Klondex Mines Ltd. ("Klondex").  The Common Shares acquired and now held by Mr. Pountney will represent 10.6% of the outstanding Common Shares upon closing of the offering.

The Common Shares are being 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: Klondex Mines Ltd.

For further information:

Glenn Pountney
941.924.1872

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Klondex Mines Ltd.

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GLENN POUNTNEY

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