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Press release from Business Wire

Veteran Mine Engineer, Rodney Cooper, Named to Board of Klondex Mines, a Nevada Gold Explorer

Friday, August 10, 2012

Veteran Mine Engineer, Rodney Cooper, Named to Board of Klondex Mines, a Nevada Gold Explorer14:53 EDT Friday, August 10, 2012 VANCOUVER, BC (Business Wire) -- Klondex Mines Ltd. (TSX: KDX and OTCQX: KLNDF), a Nevada gold exploration company, today announced the appointment of mining industry veteran, Rodney Cooper, to its Board of Directors. Mr. Cooper joins Klondex with extensive experience in both Nevada and underground mining. He takes the place of interim director Robert Buchan who has resigned to focus on his role as Chairman of Allied Nevada Gold and his other mining industry commitments. A slate of seven new directors was elected at the Company's AGM in June, including several directors serving in an interim capacity. The new board was elected by shareholders who in aggregate control over eight million shares of Klondex common stock. Mr. Cooper has over 27 years of mining and mine engineering experience, in addition to several years experience as a securities analyst in the resource sector. Mr. Cooper currently serves as President and Chief Operating Officer of Labrador Iron Mines, Ltd. (TSX: LIM). His prior experience includes: Base Metals/Iron Experience:     Dundee Securities VP, Senior Analyst-Base Metals, Iron Ore 2009-2011 Baffinland Iron Mines VP Operations, COO 2006-2011   Gold Experience: Kinross Gold Corp. VP Technical Services, Director Technical Services 2002-2006 Kinross Gold Corp. Project Manager, Tech. Services Superintendent 2000-2006 Homestake Canada Mine Superintendent, Eskay Creek Mine 1977-2000 Echo Bay Mines Mine & Tech. Services Superintendent, Lupin Mine 1995-2000 Echo Bay Mines Project Manager, Project Engineer 1985-1995 Klondex Chairman Blair Schultz, commented: “We are very pleased to welcome Rodney Cooper to the Klondex Board. He brings decades of relevant mining experience to Klondex, and we believe he will be a vital resource for us as we develop our long-term strategy, enhance the senior management team and recruit additional directors with relevant mining industry expertise.” Mr. Cooper is a Professional Mine Engineer in good standing in Ontario and is affiliated with the Canadian Institute of Mining and Metallurgy and the Society of Mining Engineers in the United States. About Klondex Mines Ltd. ( 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 located near power, transportation, mining infrastructure and several milling facilities. Fire Creek's mineral resource is reviewed in the most recent technical report that is available here with additional disclosure available via SEDAR. As of August 9, 2012, Klondex had approximately 47.3 million shares issued and outstanding and 59.1 million shares on a fully diluted basis. This news release contains forward-looking statements, including about current expectations on the timing of project development. These forward-looking statements entail various risks and uncertainties, are based on current expectations, are subject to a number of uncertainties and risks, and actual results may differ materially from those contained in such statements. 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 Readers are urged to read these materials. Klondex assumes no obligation to update any forward-looking statement or to update the reasons why actual results could differ from such statements unless required by law. On Behalf of Klondex Mines Ltd. William Matlack Interim CEOInvestor & Media:Catalyst Global LLCDavid Collins or Antonia Trigiani212-924-9800 or 917-734-0339