SOURCE: Klondike Star Mineral Corp.

April 22, 2008 09:00 ET

Klondike Star Completes First Exploration Mission in Egypt

SEATTLE, WA--(Marketwire - April 22, 2008) - Donald W. Flinn, P.Eng., Chief Operating Officer of Klondike Star Mineral Corporation (OTCBB: KDSM), today reported the first mineral exploration field expedition to the Oweinat property has been completed.

Exploration Manager, Bill Mann, M.Sc., P.Geo. and Chief Geologist Dr. Tim Liverton completed a mission to conduct the initial property examination of the concession in conjunction with Egyptian geologists, including two geologists from the Egyptian Mineral Resources Authority (EMRA) with experience working in the area. The team was ably supported by skilled local expeditors from the western region of Egypt.

Four of twelve major mineralized areas were visited and sampled during the visit, which was limited in scope by the expansive size of the concession, a short duration security permit and a sandstorm during the visit. 34 measured chip samples were collected from 10 areas at least 300m/984ft apart, within an area about 15 km/9.3 mi east west and 10 km/6.2 mi north south. Each area sampled was centered on a distinct banded iron formation layer or quartz vein, some of which had not previously been sampled and some of which were duplicating a series of samples reported by EMRA. It is noteworthy that the banded iron formation is resistant to weathering and forms prominent ridges in an almost flat area with little outcrop. Flat sandy wadis provide easy vehicle access to the mineralized areas.

The iron formation is of Archaean or Lower Proterozoic age, and is composed of bands of hematite, goethite, chert, and jaspilite, commonly overprinted by secondary goethite filling fractures. Weathering is strong, though not to tropical intensity. Large bands of unmineralized chert commonly forms outcrops, while gneiss and ultramafic rocks are recessive weathering.

Mann noted: "The concession is truly vast. As the first in a series of planned field missions, we were able to visit a relatively small, but significant area within the property. Almost every outcrop showed either primary or secondary iron mineralization of the type reported to be associated with gold. The assay results from our independent sampling will set the stage for the next phase of exploration."

Sampling is following industry standard quality assurance/quality control (QA/QC) procedures, including sample chain of custody, and analysis by independent, certified laboratories.

Springtime sandstorms and extreme heat in the summer will preclude further field work until October. At that time, the focus of work will be on completing the systematic sampling of the known mineralized trends throughout the concession at regular intervals to allow focus on the greatest concentrations of gold.

About the Oweinat property, Arab Republic of Egypt

Klondike Star, through its subsidiary, Klondike Star Canada Inc., has an exclusive concession awarded by the Arab Republic of Egypt and the Egyptian Mineral Resources Authority for the Oweinat property encompassing an expansive 1,245 square kilometer/481 square mile block in Western Desert of Egypt. The Oweinat block is north of the border between Egypt and Sudan, near the Libyan border.

Based on preliminary review of the mineral potential of the Oweinat block by the geology department of Klondike Star, the Company believes there is excellent potential for discovery of multiple gold deposits, and potential for iron ore within a vast area.

The area was essentially unexplored geologically prior to a program of regional scale mapping and prospecting jointly initiated in 1992 by geological survey agencies in Egypt and Libya. This work, which produced a geological map at a scale of 1:100,000, identified highly favourable Archaean terrain with abundant bodies of BIF (banded iron formation). Gold was found to be common within the BIF bodies, and in certain quartz veins, shear zones, dykes and alteration zones in the same areas.

The Egyptian Mineral Resources Authority has identified multiple zones with high gold grades that warrant a substantial exploration effort. Favourable areas identified by the regional work program were selected for follow-up work in 1996 to 1998, and again in 2000. A bulk sample of 2.5 tons was collected and processed returning 6.8 g/t gold. Of the 13 widely separated blocks studied and sampled in detail within the concession, 6 areas returned analyses above 10 g/t gold and 12 returned gold analyses above 1 g/t by fire assay.

Values up to 43.32 g/t gold over 5m and 34.38 g/t gold over 5m were reported by analysis of rock sampling by EMRA. Iron analyses are mostly in the 20 to 50% Fe2O3 range, with some large samples averaging 32%, however there may be potential for enriched areas among the dozens of BIF bands that are up to hundreds of metres thick and extend for kilometers/miles.

About Klondike Star

Klondike Star is a well-governed junior mineral exploration and development enterprise with world-class projects in Canada and Egypt. The company has majority or 100% interests in 5 gold projects totaling about 290 km2/112.4 mi2 in the Yukon, located in the northwest corner of Canada underlying the site of the world-renowned Klondike gold producing region; and residual interests in three other gold, base and precious metal projects. Major properties include the advanced-stage exploration Lone Star Gold Project with a scoping study in progress, the intermediate-stage Dominion Gold (and silver) property; and, the pre-development Indian River Gold Project. The mission is to explore, develop and operate new mines as socially responsible, sustainable developments. Through its wholly owned Canadian subsidiary, Klondike Star was awarded the right to explore and develop gold, iron ore and other minerals on the expansive 1,245 km2/481 mi2 Oweinat concession in the Arab Republic of Egypt through a competitive, international bidding process.

The statements in the press release that relate to the company's expectations with regard to the future impact on the company's results from new products or actions in development are forward-looking statements, within the meaning of the Private Securities Litigation Reform Act of 1995. The statements in this document may also contain "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Since this information may contain statements that involve risk and uncertainties and are subject to change at any time, the company's actual results may differ materially from expected results.

Contact Information

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