Klondex Mines Ltd. (TSX: KDX) invites all investors to join Blane Wilson, President and CEO, and other members of its Board and management team, for an update on its Fire Creek gold property in North Central Nevada at the Cambridge House Vancouver Resource Investment Conference, January 22-23, 2012.

Mr. Wilson will give a brief overview presentation at 3:30 p.m. in workshop room #1, and the Company will exhibit in Booth 1026 at the Vancouver Convention Centre, West.

Mr. Wilson will review Klondex's progress in its surface and underground development programs at Fire Creek. The Vancouver conference is the first event in Klondex's 2012 investor relations program. The presentation marks the start of an active program of investor meetings across the, Canada and Europe during 2012, including the PDAC Conference March 4-7 in Toronto.

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 located near power, transportation, mining infrastructure and several milling facilities. Fire Creek's mineral resource is reviewed in the table below, the most recent technical report is available here with additional disclosure available via SEDAR.

 
Fire Creek Project - Indicated and Inferred Mineral Resource
as of May 21, 2011

Gold Cut-off

     Metric   Grade  
GPT   Classification   Tonnes   GPT   Oz. Gold
4.0 Indicated 5,176,050 9.90 1,647,052
4.0 Inferred 1,732,810 8.22 458,084
 
7.0 Indicated 2,145,283 17.62 1,215,019
7.0   Inferred   555,043   12.54   223,794

In addition to an active surface exploration program at Fire Creek, in April 2011 Klondex initiated an underground exploration and development program through an underground decline. The program is designed to enable more cost effective in-fill drilling of its existing resource from underground stations as well as to enable bulk sampling for metallurgical testing of up to 120,000 short tons of material (limited to 36,500 short tons per year). Bulk sampling is targeted to begin in Q1 2012.

As of December 31, 2011, Klondex had 46.4 million shares issued and outstanding and 59.1 million shares on a diluted basis.

Richard Kern (P.Geo), of Reno, Nevada, a qualified person as defined under National Instrument 43-101, has reviewed and approved the technical information contained in this press release.

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 www.sedar.com. 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.

Blane W. Wilson
President & CEO

Investors & Media:
Jaffoni & Collins ? Investor Relations
David Collins, 212-835-8500
KDX@jcir.com