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Message #45
From: NewsBot
Date: October 19, 2006 09:46:00 AM

KDSM News Klondike Star Expands Lone Star Zone

SEATTLE--(BUSINESS WIRE)--Donald W. Flinn, P.Eng., Vice-President, Operations for Klondike Star Mineral Corporation (OTCBB:KDSM) is pleased to announce the results from the first 6 holes drilled at the Lone Star zone of the Lone Star Project this summer. Holes 06LS-04 to 06LS-09 were drilled to the north of the previously defined zone, near the historic Boulder Lode pit. Each hole intersected broad zones of consistently mineralized low grade material containing narrower intervals at higher grade (see following Table).

These six holes were drilled in pairs spaced 50 meters or 164 feet apart, with HQ holes angled at -60 and -80 degrees to provide detailed structural information. The holes were stepped out at least 60 meters to the north from the collars of drill holes completed in 2005 and prior. The zone appears to broaden to at least 100 meters wide in this area, from a maximum width of about 80 meters where the zone has been delineated further west. The zone also appears to remain open to the north and east. The ongoing drill program subsequently stepped out further to the north and east with 4 more holes, and then jumped to the northwest to test for extensions in the O’Neil gulch area. Drilling is expected to continue through October.

Gold on the property is present as coarse free gold, with pyrite in disseminations, and locally is associated with narrow discordant quartz veins. The mineralized zones are associated with quartz-carbonate-pyrite alteration, and are hosted by felsic metavolcanic schist.

           
ASSAY TABLE   From To Interval GOLD
HOLE No. Azimuth DIP metres metres metres grams/tonne
06LS04 200  -80  37.00  47.00  10.00  0.14 
and     60.00  92.00  32.00  0.40 
including     81.00  82.00  1.00  6.61 
06LS05 200  -60  7.00  13.00  6.00  0.62 
including     9.00  11.50  2.50  1.25 
and     78.00  85.00  7.00  0.32 
including     78.00  79.00  1.00  1.12 
06LS06 200  -80  12.00  123.00  111.00  0.27 
including     18.00  32.00  14.00  0.52 
including     28.00  29.00  1.00  3.09 
including     41.00  95.80  54.80  0.36 
including     50.15  50.65  0.50  7.50 
06LS07 200  -60  12.00  128.00  116.00  0.27 
including     12.00  41.00  29.00  0.75 
including     12.00  14.00  2.00  2.07 
including     28.00  30.10  2.10  4.03 
including     40.00  41.00  1.00  4.52 
06LS08 200  -80  7.00  110.90  103.90  0.29 
including     24.70  25.70  1.00  1.40 
including     52.20  52.70  0.50  2.83 
including     58.00  60.00  2.00  1.43 
including     107.00  109.00  2.00  3.40 
06LS09 200  -60  11.00  122.50  111.50  0.20 
including     33.10  34.00  0.90  2.61 
including     42.00  43.00  1.00  1.28 
including     86.00  87.00  1.00  2.71 
including     93.40  94.50  1.10  2.06 
including     120.00  121.00  1.00  1.53 

HQ size drill core is delivered to the core shack by the drill contractor where the geological staff photographs and logs the core for geological and geotechnical details. The core is then sawn in half lengthwise using a diamond saw, with half core retained for future examination. The half core samples are sealed and shipped via surface freight to Acme Analytical Laboratories Ltd. of Vancouver, B.C., an ISO 9001:2000 accredited facility, where the core is dried, crushed and analyzed for gold by metallic sieve fire assay.

About Klondike Star

Klondike Star Mineral Corporation is an established exploration and development company actively working on eight major properties, totalling 463 square kilometers (179 square miles) in the Yukon Canada. The company is developing extensive surface and subsurface mineralized zones on a 370 square kilometer (143 square miles) land position underlying the site of the Klondike gold producing region in the Dawson mining district. These holdings include, but are not limited to properties known as the Lone Star Project and the Indian River Placer Project, both advanced stage exploration. Additionally, Klondike Star holds interests in 93 square kilometers (36 square miles) of select high potential targets for gold, base and precious metals in the Watson Lake and Whitehorse mining districts of the Yukon.

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.

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