Business News

Klondike Star Begins Exploration in Egypt

SOURCE:

Klondike Star Mineral Corp.

2008-04-08 06:00:00

Klondike Star Begins Exploration in Egypt

SEATTLE, WA–( EMWNews – April 8, 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 is

underway.

Coordinated by a senior director on the Board of Directors, Dr. Albert

Khelfa who holds Egyptian and Canadian citizenship, senior company

geologists, Exploration Manager, Bill Mann, M.Sc., P.Geo. and Chief

Geologist, Dr. Tim Liverton are conducting the initial property examination

of the concession in conjunction with Egyptian Mineral Resources Authority

(EMRA) geologists.

This exploration mission has several objectives. First, to review EMRA

regional and geological mapping, reports and sampling procedures in person

with Egyptian geologists. It will also reinforce the Company presence in

the country and establish relationships with key suppliers and exploration

support contractors, as well as with the leadership and potential labor

force from settlements in proximity to the Oweinat property and its access

routes.

Second, to independently sample and map the major mineralized targets at

sites identified from the results published by EMRA geologists, collect and

compile existing data from previous EMRA work and compile GIS base maps.

Sampling will adhere to rigorous quality assurance/ quality control (QA/QC)

standards, including sample chain of custody, and analysis by independent,

certified laboratories. A National Instrument 43-101 report is planned

with the assistance of a qualified, independent Qualified Person as

required by Canadian securities authorities.

Third, to make preparations for expanded exploration including systematic

prospecting, sampling and geophysical surveys which are considered a quick

and effective method for mapping beneath sand cover. Airborne magnetics

and EM are suggested, as the known rock types have high contrast in

magnetic susceptibilities (e.g. magnetite iron formation, kimberlite pipes

and ultramafic rocks), and some Archaean targets are likely to be good EM

conductors (massive sulphide deposits).

And finally, to identify top targets for test drilling of the largest and

highest grade zones. Prioritization of targets for drilling from amongst

the numerous mineralized zones already identified could be one of the most

difficult tasks for the team.

The nature of the property, with significant outcrop, limited weathering of

rocks and shallow sand covering of extensions to geologically interesting

zones, lends itself to a relatively low-tech, cost-effective exploration

program that is expected to reveal the most promising areas for intensive

evaluation in short order.

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 has been 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.

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

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