Klondike Star Acquires Major Bonanza Gold Property.

SEATTLE -- Donald W. Flinn, Vice President, Operations for Klondike Star Mineral Corporation (OTCBB:KDSM) is pleased to announce the purchase of a 100% interest in 269 mineral claims in the Klondike region of Yukon Canada increasing Klondike Star's land position in mineralized areas to 390 square kilometres (150.6 square miles).

To be known as the Bonanza Project, the property totals 40.1 square kilometres (15.5 square miles). It is located in the heart of the Klondike Gold Fields and proven gold producing ground, 10 kilometers from Dawson City, Yukon, Canada. This new acquisition increases the number of major exploration projects to eight.

"The Bonanza Project represents a significant step forward for Klondike Star. As a legendary gold producing area since the Klondike Gold Rush of 1898, Bonanza joins our suite of major properties with extraordinary gold potential in the exploration pipeline for development", said Hans Boge, President, Klondike Star Mineral Corporation.

Since 1999, building on previous exploration efforts, the property has been explored by KSL and PacRim Resources Limited (formerly Barramundi Gold Ltd.) using advanced exploration techniques, geological mapping and geochemical soil surveys. In an independent geologist's report, KSL reported that "These surveys have identified several prospective targets with potential for hosting large tonnage, primary gold mineralization." (Roy Cox & Associates, November 10, 2003).

Although just acquired, Klondike Star is jumping on this exploration opportunity. The 2006 exploration program will be led by a new team of geologists with experience on the property. The program will include detailed mapping, extensive soil and chip sampling, compilation and verification of previous exploration and assessment work on the property.

About Klondike Star

Klondike Star Mineral Corporation is an established exploration and development company actively working on eight major properties in the Yukon Territory, Canada. Klondike Star Mineral Corporation is developing mineralized zones on a 390 square kilometre (150.6 square miles) land position underlying the site of the Klondike Gold Rush, as well as 93 square kilometers (35.9 square miles) of select high potential targets in other parts of the Yukon.

The famous Klondike goldfields 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 Klondike mining district.

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.