Klondex's Hits New High-Grade Intercept (41.55 gpt/1.21 oz/ton over 4.5 feet) at Nevada ''Fire Creek'' Deposit



    - Findings Extend Main Zone to the South -

    VANCOUVER, BRITISH COLUMBIA, October 19 /CNW/ - Klondex Mines Ltd. (TSX:
KDX) announced additional high-grade intercepts from recent core drilling
under its Phase 6 drilling program at its 100%-owned Fire Creek property in
the Battle Mountain-Eureka Trend in Northern Nevada.

    High-grade gold intercepts were reported in holes FC0741 and FC0742, the
southernmost holes that have been drilled to date at Fire Creek. Hole FC0742
returned 15.39 grams per tonne (gpt)/0.45 ounces per ton (opt) gold over 18
feet (5.5 meters), including 41.55 gpt/1.21 opt gold over 4.5 feet (1.37
meters). FC0742 has an additional over-run ((greater than)10 gpt/+0.29 opt)
that has not yet been check assayed to determine the final gold value.

    FC0741 reported a mineralized zone of 115 feet (35.1m) grading 2.0
gpt/0.06 opt including 3.8 gpt/0.11 opt over 30 feet (9.14 m) including 11.0
gpt/0.32 opt over 5 feet (1.52m). FC0741 has a 195-foot interval on which
assays are pending.

    A plan map showing drill hole locations is available on the Company's
website at http://www.klondexmines.com/s/News.asp

    FC0741 and FC0742 are returning higher grades than those identified by
previous southern discovery holes (FC0701, FC0734, FC0735) drilled on line
100m South on the Main Zone and seem to identify an additional vein. The
mineralized zone appears open to the south, and Klondex plans to drill the
extension as soon as all assay results are received and reviewed. Silver
values are pending for both holes.

    FC0741 & FC0742 were drilled on line 200m South at an azimuth of 255
degrees. The dip of FC0741 was -45 degrees and FC0742 was -55 degrees. The
holes were core drilled from the surface with little change in dip of the
holes. True width of intercepts in FC0742 is estimated at 57% of drilled
thickness and true width in FC0741 is estimated at 71% of drilled thickness.

    
             Significant Intervals Phase 6 Drilling at Fire Creek
    ----------------------------------------------------------------------
      Hole #    Section Az  Dip    TD     From  To   Interval  Au     Au
                                  Feet    Feet Feet    Feet    gpt  oz/ton
    ----------------------------------------------------------------------
      FC07-41    200S   255 -45    815    595   710    115    2.00  0.058
                                including 675   705     30    3.80  0.111
                                including 690   695     5     11.00 0.321
                                     Assays pending from 350-545 feet
      FC07-42    200S   255 55     900    665   670     5      (greater
than)10  (greater than)0.292
                                          720   790     70    5.00  0.146
                                including 757   775     18    15.40 0.450
                                including 757  761.5   4.5    41.55 1.213
    ----------------------------------------------------------------------
    

    As of September 30, 2007, Klondex had 22,857,173 shares issued and cash
of approximately $6.2 million CDN invested in Canadian treasury bills and in
guaranteed bank accounts. The recent appreciation of the Canadian dollar
versus the US dollar has increased Klondex's purchasing power for its US
dollar-denominated drilling program. The Company has no exposure to any
derivatives, futures, hedges or related risk.

    Richard Kern (P.Geo) of Reno, Nevada, is the Company's qualified person
on the project as required under NI 43-101and has reviewed the technical
information contained in this press release.

    Klondex has in place a rigorous QA/QC program consistent with National
Instrument 43-101 and using best industry practice. ALS Chemex Labs of Reno,
Nevada and SGS Minerals services, Toronto responsible for all the Klondex
Mine's assaying.

    About Klondex Mines Ltd.:

    Klondex Mines (TSX: KDX) is a gold exploration company focused on the
development and expansion of its high-grade Fire Creek deposit in Nevada. At
Fire Creek, Klondex has defined an Indicated Mineral Resource estimated at
1,636,555 tonnes grading 19.88 gpt (0.576 opt) containing 1,045,738 oz of gold
in two separate mineral zones. The Company has filed for permits to begin bulk
sampling for metallurgical testing of up to 120,000 tons of ore.

    Fire Creek is located in the Battle Mountain-Eureka Trend in the Northern
Nevada Rift, in North Central Nevada, an area of prolific gold production.
Klondex currently has two drill rigs working to expand its resource at Fire
Creek. The Company was founded over 30 years ago, and its property portfolio
contains four other gold exploration projects, all in Nevada. For more
information, please visit www.klondexmines.com.

    
    ON BEHALF OF KLONDEX MINES LTD.
    "William J. Solloway"                               "Robert Sibthorpe"
    President                                           Technical Director
    




For further information:

For further information: Investors: David Collins, Steven Hecht,
212-835-8500 Jaffoni & Collins Incorporated KDX@jcir.com

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