Klondike Star Launches Drill Program at Spice Gold Project

Donald W. Flinn, P.Eng., Vice-President, Operations for Klondike
Star Mineral Corporation (OTCBB:KDSM) today announced an exploratory
diamond drilling program has commenced on the Spice property, 40
kilometers east of the community of Ross River in the Watson Lake
Mining District, Yukon, Canada. This builds on field work conducted
during 2006 that not only confirms, but expands, the known zone of
gold in till anomalies and identified drill targets.

The property has been explored since 2000, when a regional
geochemical survey conducted by the Yukon Geological Survey (Yukon
Government) identified strong, coincident gold, silver and epithermal
pathfinder elements. Follow-up geochemical sampling identified an
open-ended anomalous zone and samples assayed up to 13.9 grams/tonne
gold. An IP chargeability high and low resistivity coincides with the
highest geochemical values.

"Klondike Star's investment in the Spice gold properties is part
of our continuing efforts to strengthen and diversify Company mineral
exploration and development prospects," says Flinn.

The initial diamond drilling plan involves 5 holes for a projected
700 - 800 meters (2,297 - 2,625 feet). This is expected to shed light
on the hosting stratigraphy and help determine the nature and style of
the mineralization. To get an early start and minimize environmental
impacts, a flyable rig is being deployed and operated by a leading
northern diamond drilling company. The work is being supervised by
Jean Paulter, P.Geo., senior independent consulting geologist. She is
a Qualified Person under Canadian National Instrument 43-101 mineral
resource reporting and qualifies as a Competent Person under U.S.
reporting standards.

Since acquiring the Spice property, Klondike Star has stepped up
exploration efforts, and in the spring of 2006, staking also increased
the land base to 51 mineral claims totaling 10.9 square kilometers
(4.2 square miles), an increase of 63%. Exploration to date has
involved till, soil, silt and rock geochemistry, hand/blast pitting
and trenching, ground magnetic, induced polarization/resistivity and
VLF-EM geophysical surveys, a property evaluation, the delineation of
drill targets and petrography.

The Spice Project is strategically located within the Tintina Gold
Belt that hosts numerous gold deposits and producing mines, notably
Fort Knox, Pogo and (former) Brewery Creek, and active exploration
projects in the general vicinity. The target is a low-sulphidation
epithermal-style gold deposit hosted by rhyolite, similar to the Grew
Creek property being explored 60 kilometers (37.3 miles) to the west.
Klondike Star has an agreement for the acquisition of up to 75%
interest in the Spice claims.

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.