2006 Year-End Report & Project Development Update.SEATTLE -- Donald W. Flinn, Vice President, Operations for Klondike Star Mineral Corporation (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :KDSM KDSM Korea Defense Service Medal (US DoD) ) is pleased to report highlights and company financial statements for the 12 months ended February 28, 2006. Direct spending on exploration to year-end 2006 was $3,535,000 USD USD In currencies, this is the abbreviation for the U.S. Dollar. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. . The report also outlines future plans for six exploration and development projects with an expenditure forecast of $7,975,000 USD. This is one of the largest exploration programs being conducted in the Yukon Territory, Canada. In sum, Klondike Star Mineral Corporation not only completed its five-point corporate plan for the fiscal year ended February 28, 2006, but achieved extraordinary advances in mineral exploration projects, total land position, mineral rights ownership, corporate governance Corporate Governance The relationship between all the stakeholders in a company. This includes the shareholders, directors, and management of a company, as defined by the corporate charter, bylaws, formal policy, and rule of law. and investor confidence. "The report illustrates the considerable progress being made by a disciplined and effective team acting in partnership with many contractors, suppliers and financial professionals to build exceptional value for our shareholders", says Hans Boge, President, Klondike Star Mineral Corporation. "Furthermore, the company's performance helps to underline our vision which is to explore for and develop new mines using the best in management practices and geologic science", said Boge. Vice-President, Donald Flinn, P.Eng. emphasizes management is taking a systematic and results-oriented approach to exploration and development through a scaled expansion of field operations led by an experienced geology and prospecting team supported with scientific research by a recognized Canadian university mineral deposit research group. The "Year-End Report 2006 & Project Development Update" is available at the company website www.klondikestar.com or by calling Investor Relations Investor relations The process by which the corporation communicates with its investors. toll free 800-579-7580 or emailing information@klondikestar.com. About Klondike Star Klondike Star Mineral Corporation is an established exploration and development company actively working on seven major properties in the Yukon Territory, Canada. Klondike Star Mineral Corporation is developing mineralized min·er·al·ize v. min·er·al·ized, min·er·al·iz·ing, min·er·al·iz·es v.tr. 1. To convert to a mineral substance; petrify. 2. To transform a metal into a mineral by oxidation. 3. zones on a 350 square kilometer land position underlying the site of the Klondike Gold Rush Klondike gold rush Canadian gold rush of the late 1890s. Gold was discovered on Aug. 17, 1896, near the confluence of the Klondike and Yukon rivers in western Yukon Territory. The news spread quickly, and by late 1898 more than 30,000 prospectors had arrived. , and 88 square kilometers of select high potential targets in other parts of the Yukon. The famous Klondike goldfields n. 1. A small slender woolly annual (Lasthenia chrysostoma) with very narrow opposite leaves and branches bearing solitary golden-yellow flower heads; it grows from Southwestern Oregon to Baja California and Arizona; - it is often cultivated. have been in constant surface mining production since the discovery of gold in 1896. Thousands of ounces of gold continue to be produced from placer mining operations each year on streams in the Klondike. The company owns extensive subsurface and surface mining rights in the Dawson City, Whitehorse and Watson Lake mining districts of the Yukon, Canada. 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 The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and 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. |
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