Klondex Mines Ltd. announced the closing of a $25 million secured revolving credit facility with Investec Bank, which may be used for working capital requirements and general corporate purposes.

Paul Andre Huet, President and CEO commented, "Our company's financial and operational performance continue to improve year over year. This performance has strengthened our balance sheet to a point where we now have access to capital at competitive rates." Huet continued, "This is a testament to the quality of our assets and the dedication of our people. This credit facility provides additional financial flexibility to invest in our properties and unlock further value for our shareholders."

Amounts borrowed under the credit facility will incur variable interest at LIBOR plus an applicable margin ranging from 2.75% to 4.00% as determined by a measure of the company's debt to EBITDA plus 0.35% as long as the gold purchase agreement balance with Franco-Nevada Corporation ("Franco-Nevada") exceeds US$10 million. The credit facility is secured by all of the assets of the company and its subsidiaries on a pari-passu basis with the gold purchase agreement with Franco-Nevada. The credit facility matures in two years with an annual renewal option.

The company is a well-capitalized, junior-tier gold and silver mining company focused on exploration, development, and production in a safe, environmentally responsible, and cost-effective manner. The company has 100% interests in the Fire Creek property and the Midas mine and mill in Nevada and recently acquired the Rice Lake mine and mill in Manitoba, Canada.