Unprecedented Gold Prospects on Klondike Star's Oweinat Property

SEATTLE, WA, Apr 10 (MARKET WIRE) --
Donald W. Flinn, P.Eng., Chief Operating Officer of Klondike Star Mineral
Corporation (OTCBB: KDSM) today reported the identification of a phenomenal
concentration of gold on the Oweinat concession in the Arab Republic of Egypt
based on the detailed examination of geological and metallurgical work completed
by
the Geological Survey of Egypt (GSE). These exploration targets on the
expansive 1,245 square kilometer/481 square mile block are to be independently
confirmed by a Company exploration program carried out in cooperation with
Egyptiangeologists and the Egyptian Mineral Resources Authority.

Exploration Manager, Bill Mann, M.Sc. says, "The results from cyanide
extraction
of gold from bulk samples of banded iron formation (BIF) collected by the
Geological Survey of Egypt at the Oweinat concession are truly
extraordinary." This work is documented in the paper, "South Western Desert
B.I.F. Laboratory Studies and Gold Extraction Tests," written by Khalid et.
al. and published in the annals of the geological survey of Egypt (GSE),
volume XXV (2002).

As part of its mobilization for exploration, Klondike Star has undertaken
acareful review of known and available geological information about the
property. Once on the ground in Egypt, Company geologists will be able to
fully assess the documentation of the field sampling and analytical procedures
and
discuss the reported findings of GSE geologists. All of the work was
conducted in-house by the GSE, but the structural geology was evaluated in
conjunction with Heidelberg University of Germany.

Flinn notes, "The gold and iron mineralization on the Oweinat property
werediscovered in 1992, and have never been explored by industry. Klondike
Starwelcomes the opportunity to work together with Egyptian geologists,
communities,
contractors and suppliers on what we have every reason to believe is a
world-class prospect."

It becomes clear as one sifts through the translated Egyptian reports that
regardless of uncertainties regarding the documentation of the work, there must
be an extremely large accumulation of gold over a very large area. The sampling
and analytical work was conducted by several groups of geologists over the
course of several years, and using a variety of analytical techniques that
all indicated substantial amounts of gold. Most of the gold analyses are from
the fire assay technique, which is long established and cannot indicate gold
erroneously. The use of carbon in pulp cyanidation for the analysis of bulk
samples is also a well-established method.

The paper cited above is of particular interest, as the bulk (or
"technical")
samples are large (0.5 to 2.5 tonnes), and have been collected from numerous
continuous channel samples taken perpendicular to the strike of the iron
formation, with BIF bands that are between 5 and 50m wide. The GSE collected
the samples from locations spaced at least 0.5km apart, from multiple BIF
bands. The theory guiding the sampling was that gold was deposited
syngenetically with the iron, and therefore could be present anywhere in the
BIF.
There is some evidence that the gold is epigenetic, and preferentially
concentrated
in fold hinges.

The areas sampled are extremely large, and the results seem to indicate a
phenomenal concentration of gold that could rank amongst the world's largest and
richest deposits. For example, in sub-area K12 the bulk sample was collected
from about 15 locations in an area roughly 5km by 4km, with samples from 5
discreet, parallel BIF bands (which may be repeated by folding). The bulk
sample averaged 2.41 g/t gold, and included some bands from areas with no chip
samples, and others where the chip samples indicated low gold values (0.33 g/t,
1.03 g/t). In the northern portion of area K12 there is an area of about
1km by 2km where six chip sampled BIF bands range between 9.40 and 13.76 g/t
gold. If the bulk sample had concentrated in this area (which appears to be
the hinge zone of a fold), it is expected that the bulk sample would have been
much higher grade.

Sub-area K7, located about 14km north of K12, is considered to be the
highest
potential zone by the GSE. The K7 bulk sample returned 6.8 g/t gold. This
bulk sample was collected from about 15 locations that tested 6 discrete
BIF bands over an area of 6km by 6km. 206 channel samples of various
lithologies in this area averaged 3.02 g/t gold.

Mann further comments, "It is interesting to note that the BIF tends to
resist erosion, and is therefore sticking out of the sand in this flat lying
area. Many of the BIF layers disappear under the sand cover, which is thought
to be relatively thin in most places. The host rocks for the gold
mineralization are Archaean or Early Proterozoic age, which is globally very
favourable for gold. On paper, this is the best undrilled gold prospect that I
have ever seen. The next step is for Klondike Star to validate this on the
ground in Egypt."

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
EgyptianMineral Resources Authority for the Oweinat property encompassing an
expansive 1,245 square kilometer/481 square mile block in Western Desert
ofEgypt. 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 Egyptian Mineral Resources Authority has identified multiple zones
withhigh 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
developmententerprise with 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
theworld-renowned Klondike gold producing region. 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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