Klondike Star Not Aware of Any Developments to Account for Stock Volatility - Company Exploration Projects & Financing Remain on Track

Klondike Star Mineral Corporation (OTCBB:KDSM), in response to
shareholder inquiries, today announced that the Company is unaware of
any developments concerning the business of Klondike Star that could
account for the recent trading volatility of the Company's common
stock.

"As a matter of policy, the Company generally does not address
trading trends regarding its stock", states, Hans Boge, P.Eng.,
President. "Our shareholders should know that Klondike Star's mineral
exploration programs, including the two advanced-stage exploration
projects, Lone Star and Indian River Placer, are proceeding as planned
and as previously reported."

Boge also noted Klondike Star continues to be well funded and debt
free, "An 8K report is being filed announcing the Company has
over-sold its November 15, 2005 private placement offering of
4,000,000 shares of common stock at $2.75 per share, with proceeds of
USD $11,915,700 for a total of 4,332,982 common shares.

For the information of shareholders, Klondike Star's offices are
closing for the holiday season effective Saturday, December 23, 2006
and will re-open on January 2, 2007.

About Klondike Star

Klondike Star Mineral Corporation is an established exploration
and development company actively working on eight major properties,
totalling 463 square kilometers or 179 square miles in the Yukon,
Canada. The company is developing extensive surface and subsurface
mineralized zones on a 370 square kilometer or 143 square mile 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 or 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.