Klondex Mines Ltd. Announces Equity Financing

Klondex Mines Ltd. ('Klondex?) (TSX: KDX) announces that it has filed a
preliminary prospectus in each province of Canada other than Quebec in
respect of a marketed public offering of units, with each unit comprised
of one common share and one-half of one common share purchase warrant.
The offering is being led by GMP Securities L.P.

The offering will be priced in the context of the market with the final
terms to be determined at the time of pricing. Klondex intends to use
the net proceeds of the offering for the development of the Fire Creek
gold project in Nevada, USA, and ongoing operating and working capital
requirements.

The offering is scheduled to close on or about November 29, 2011 and is
subject to certain conditions including, but not limited to, the receipt
of all necessary approvals, including the approval of the Toronto Stock
Exchange.

THIS IS NOT AN OFFER FOR SALE OR SOLICITATION OF AN OFFER TO BUY, IN THE
UNITED STATES OR TO ANY 'U.S. PERSON?, AS SUCH TERM IS DEFINED IN
REGULATION S UNDER THE U.S. SECURITIES ACT OF 1933, AS AMENDED, OF ANY
EQUITY SHARES OR ANY OTHER SECURITIES OF THE COMPANY.

About Klondex Mines Ltd. (www.klondexmines.com):

Klondex Mines is focused on the exploration and development of its 100%
owned Fire Creek gold deposit in North Central Nevada. Fire Creek is a
compelling gold mining prospect that is located near power,
transportation, mining infrastructure and several milling facilities.
Fire Creek′s updated mineral resource is reviewed in the table below.
For more information on the mineral resource estimates, please refer to
Klondex′s disclosure available at the SEDAR
website and here.

Investor & Media:

Jaffoni & Collins

David
Collins, 212-835-8500

KDX@jcir.com