SOURCE: Klondike Star Mineral Corp.

March 25, 2008 09:00 ET

Klondike Star Pursuing TSX-V Listing

SEATTLE, WA--(Marketwire - March 25, 2008) - Donald W. Flinn, P.Eng., Chief Operating Officer of Klondike Star Mineral Corporation (OTCBB: KDSM), today reported that the Board of Directors has directed Klondike Star management to proceed with an application to list on the TSX Venture Exchange.

The Company has grown since its formation in 2003 and its future development can benefit from the listing on the TSX-V. Klondike Star is currently trading on the NASD.OTCBB.

Flinn says, "The move to a major stock exchange would better serve our existing and prospective investors and shareholders."

After considering the alternatives, the TSX-V was chosen because of its high standards and unparalleled effectiveness in helping mineral exploration companies raise financing. Its high level of representation of such companies indicates the sectors' needs are well understood.

Flinn also noted, "Klondike Star is ready to take this step. The Board and management have put comprehensive governance arrangements in place over a period of years and are driven to ensure Klondike Star is a well governed, well performing enterprise."

The Company graduated from the U.S. small business system in 2006, and has been reporting to the higher securities and financial accounting standards as of year-end February 28, 2007. Klondike Star is also adhering to or in the process of implementing new measures to meet the exacting requirements of the Sarbanes-Oxley Act of 2002. To view corporate governance arrangements and policies, go to the Company website at www.klondikestar.com

About Klondike Star

Klondike Star is a 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. These include the advanced-stage exploration Lone Star Gold Project with a scoping study in progress, the intermediate-stage Dominion Gold 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 has been awarded the right to explore and develop gold, iron ore and other minerals on the expansive 1,245 km2/481 mi2 Oweinat 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

  • For more information please contact:
    Wayne Cousins
    Investor Relations
    Toll Free (800) 579-7580