UNITED STATES

FORM 10-QSB

x



Commission File Number 000-30965

KLONDIKE STAR MINERAL CORPORATION

(Exact name of small Business Issuer as specified in its
charter)



|**Delaware**                             | **91-1980708**                   
|---------------------------------------- | ---------------------------------
|(State or other jurisdiction of          | (IRS Employer Identification No.)
|incorporation or organization)           |                                  
|                                         |                                  
|2009 Iron Street                         |                                  
|**Bellingham, Washington**               | **98225**                        
|(Address of principal executive offices) | (Postal or Zip Code)             



Issuer's telephone number, including area code:

None

(Former name, former address and former fiscal year end, if
changed since last report)

Check whether the issuer (1) filed all reports required to be
filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the
preceding 12 months (or for such shorter period that the issuer was required to
file such reports), and (2) has been subject to such filing requirements for the
past 90 days

State the number of shares outstanding of each of the issuer's
classes of common stock, as of the latest practicable date:__________________
shares of common stock, $0.0001 par value outstanding as of May 31, 2004.





PART 1 - FINANCIAL INFORMATION

Item 1. Financial Statements

The accompanying unaudited financial statements have been prepared in
accordance with the instructions to Form 10-QSB and Item 310 (b) of Regulation
S-B, and, therefore, do not include all information and footnotes necessary for
a complete presentation of financial position, results of operations, cash
flows, and stockholders' equity in conformity with generally accepted accounting
principles. In the opinion of management, all adjustments considered necessary
for a fair presentation of the results of operations and financial position have
been included and all such adjustments are of a normal recurring nature.
Operating results for the three months ended May 31, 2004 are not necessarily
indicative of the results that can be expected for the year ending February 28,
2005.





KLONDIKE STAR MINERAL CORPORATION

(Formerly Urbanfind, Inc.)

(An Exploration Stage Company)

BALANCE SHEETS

|                                                   |                                                          |                                                                       |                                                                             |             
|-------------------------------------------------- | -------------------------------------------------------- | --------------------------------------------------------------------- | --------------------------------------------------------------------------- | ------------
|                                                   |                                                          |                                                                       |                                                                             |             
|                                                   |                                                          |                                                                       |                                                                             |             
|                                                   |                                                          |                                                                       |                                                                             |             
|                                                   |                                                          |                                                                       |                                                                             |             
|ASSETS                                             |                                                          |                                                                       |                                                                             |             
|                                                   |                                                          |                                                                       |                                                                             |             
|                                                   | CURRENT ASSETS                                           |                                                                       |                                                                             |             
|                                                   |                                                          | Cash and cash
    equivalents                                         | $                                                                           | 2,118,160   
|                                                   |                                                          |                                                                       | Total Current Assets                                                        |             
|                                                   |                                                          |                                                                       |                                                                             |             
|                                                   | PROPERTY, PLANT,
    AND EQUIPMENT, NET                  |                                                                       | 75,583                                                                      |             
|                                                   |                                                          |                                                                       |                                                                             |             
|                                                   | TOTAL ASSETS                                             | $                                                                     | 2,193,743                                                                   | $           
|                                                   |                                                          |                                                                       |                                                                             |             
|                                                   |                                                          |                                                                       |                                                                             |             
|LIABILITIES
    AND STOCKHOLDERS' EQUITY (DEFICIT) |                                                          |                                                                       |                                                                             |             
|                                                   |                                                          |                                                                       |                                                                             |             
|                                                   | CURRENT
    LIABILITIES                                  |                                                                       |                                                                             |             
|                                                   |                                                          | Accounts payable                                                      | $                                                                           | -           
|                                                   |                                                          | Accounts payable
    - related party                                  |                                                                             | -           
|                                                   |                                                          |                                                                       | Total Current Liabilities                                                   |             
|                                                   |                                                          |                                                                       |                                                                             |             
|                                                   | NET LIABILITIES
    FROM DISCONTINUED OPERATIONS         |                                                                       | -                                                                           |             
|                                                   |                                                          |                                                                       |                                                                             |             
|                                                   | COMMITMENTS AND
    CONTINGENCIES                        |                                                                       | -                                                                           |             
|                                                   |                                                          |                                                                       |                                                                             |             
|                                                   | STOCKHOLDERS'
    EQUITY (DEFICIT)                       |                                                                       |                                                                             |             
|                                                   |                                                          | Preferred stock,
    $0.0001 par value; 20,000,000 shares authorized, |                                                                             |             
|                                                   |                                                          |                                                                       | 2,000,000 and 0 shares of
    Series A issued and outstanding, respectively |             
|                                                   |                                                          | Common stock,
    $0.0001 par value; 80,000,000 shares authorized,    |                                                                             | -           
|                                                   |                                                          |                                                                       | 20,614,200 and 20,489,800
    shares issued and outstanding, respectively   |             
|                                                   |                                                          | Additional
    paid-in capital                                        |                                                                             | 33,147,733  
|                                                   |                                                          | Subscription
    receivable                                           |                                                                             | -           
|                                                   |                                                          | Deficit
    accumulated during prior development stage                |                                                                             | (484,537)   
|                                                   |                                                          | Deficit
    accumulated during exploration stage                      |                                                                             | (30,471,714)
|                                                   |                                                          |                                                                       | Total Stockholders' Equity
    (Deficit)                                    |             
|                                                   |                                                          |                                                                       |                                                                             |             
|                                                   | TOTAL
    LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT) | $                                                                     | 2,193,743                                                                   | $           

The accompanying notes are an integral part of these financial
statements

2



|KLONDIKE STAR MINERAL
    CORPORATION  
|---------------------------------------
|(Formerly Urbanfind, Inc.)             
|(An Exploration Stage
    Company)     
|STATEMENTS OF OPERATIONS               
|                                       
|                                       
|                                       
|                                       
|                                       
|                                       
|                                       
|                                       
|REVENUES                               
|                                       
|                                       
|GENERAL AND
    ADMINISTRATIVE EXPENSES
|                                       
|                                       
|                                       
|                                       
|                                       
|                                       
|                                       
|                                       
|                                       
|                                       
|                                       
|                                       
|OPERATING INCOME
    (LOSS)            
|                                       
|OTHER INCOME                           
|                                       
|                                       
|                                       
|                                       
|LOSS BEFORE
    INCOME TAXES           
|                                       
|PROVISION FOR
    TAXES                
|                                       
|LOSS FROM
    CONTINUING OPERATIONS    
|                                       
|LOSS FROM
    DISCONTINUED OPERATIONS  
|                                       
|NET LOSS DURING
    EXPLORATION STAGE  
|                                       
|                                       
|NET LOSS PER
    COMMON SHARE,         
|                                       
|                                       
|                                       
|WEIGHTED AVERAGE
    NUMBER            
|                                       
|                                       

The accompanying notes are an integral part of these financial
statements.

2

KLONDIKE STAR MINERAL CORPORATION

(Formerly Urbanfind, Inc.)

(An Exploration Stage Company)

STATEMENT OF STOCKHOLDERS' EQUITY (DEFICIT)

|                                          
|------------------------------------------
|                                          
|                                          
|                                          
|                                          
|                                          
|                                          
|                                          
|                                          
|BALANCE, February
    28, 2002 (restated) 
|                                          
|Net loss for the
    year ended           
|                                          
|                                          
|BALANCE, February
    28, 2003 (restated) 
|                                          
|Issuance of
    preferred and common stock
|                                          
|                                          
|Issuance of
    common stock for cash     
|                                          
|                                          
|Contributed
    capital                   
|                                          
|Net loss for the
    year ended           
|                                          
|                                          
|BALANCE, February
    29, 2004            
|                                          
|                                          
|Issuance of
    common stock for cash     
|                                          
|                                          
|Net loss for the
    period ended         
|                                          
|                                          
|BALANCE, May 31,
    2004                 

The accompanying notes are an integral part of these financial
statements.

4

KLONDIKE STAR MINERAL CORPORATION

(Formerly Urbanfind, Inc.)

(An Exploration Stage Company)

STATEMENTS OF CASH FLOWS

|                                                  |                                                          |                                                             |           |           |               | From December 8,
|------------------------------------------------- | -------------------------------------------------------- | ----------------------------------------------------------- | --------- | --------- | ------------- | ----------------
|                                                  |                                                          |                                                             |           |           |               |                 
|                                                  |                                                          |                                                             |           |           | Three months  |                 
|                                                  |                                                          |                                                             |           |           | ended May 31, |                 
|                                                  |                                                          |                                                             |           |           | 2004          |                 
|                                                  |                                                          |                                                             |           |           |               |                 
|                                                  |                                                          |                                                             |           |           |               |                 
|CASH FLOWS
    FROM OPERATING ACTIVITIES:         |                                                          |                                                             |           |           |               |                 
|                                                  | Net (loss)                                               |                                                             | $         | (691,059) | $             | -               
|                                                  | Discontinued
    operations                              |                                                             |           | -         |               | 5,396           
|                                                  |                                                          |                                                             |           |           | (691,059)     |                 
|                                                  | Adjustments to
    reconcile net loss to net cash        |                                                             |           |           |               |                 
|                                                  | (used) by
    operating activities:                      |                                                             |           |           |               |                 
|                                                  |                                                          | Increase (decrease) in
    depreciation                     |           |           | -             |                 
|                                                  |                                                          | Stock issued for acquisition
    of mineral rights expensed |           |           | -             |                 
|                                                  | Changes in assets
    and liabilities:                   |                                                             |           |           |               |                 
|                                                  |                                                          | Increase (decrease) in
    accounts payable                 |           |           | (9,629)       |                 
|                                                  |                                                          | Increase (decrease) in
    accounts payable, related party  |           |           | (11,856)      |                 
|                                                  |                                                          | Increase (decrease) in
    interest payable                 |           |           | -             |                 
|                                                  |                                                          | Net cash provided (used) by
    discontinued operations     |           |           | -             |                 
|                                                  |                                                          | Net cash (used) by operating
    activities                 |           |           | (712,544)     |                 
|                                                  |                                                          |                                                             |           |           |               |                 
|CASH FLOWS
    PROVIDED BY INVESTING ACTIVITIES:  |                                                          |                                                             | -         |           | -             |                 
|                                                  |                                                          | (Increase) decrease in
    equipment                        |           |           | (75,583)      |                 
|                                                  |                                                          | Net cash provided by
    investing activities               |           |           | (75,583)      |                 
|                                                  |                                                          |                                                             |           |           |               |                 
|CASH FLOWS
    PROVIDED BY FINANCING ACTIVITIES:  |                                                          |                                                             |           |           |               |                 
|                                                  |                                                          | Common stock issued                                         |           |           | 1,061,000     |                 
|                                                  |                                                          | Net cash provided (used) by
    discontinued operations     |           |           | -             |                 
|                                                  |                                                          | Net cash provided by
    financing activities               |           |           | 1,061,000     |                 
|                                                  |                                                          |                                                             |           |           |               |                 
|                                                  | Net increase
    (decrease) in cash and cash equivalents |                                                             |           | 272,873   |               | -               
|                                                  |                                                          |                                                             |           |           |               |                 
|Cash and cash
    equivalents beginning of period |                                                          |                                                             | 1,845,287 |           | -             |                 
|                                                  |                                                          |                                                             |           |           |               |                 
|Cash and cash
    equivalents end of period       |                                                          | $                                                           | 2,118,160 | $         | -             | $               
|                                                  |                                                          |                                                             |           |           |               |                 
|                                                  |                                                          |                                                             |           |           |               |                 
|SUPPLEMENTAL CASH
    FLOW DISCLOSURES:           |                                                          |                                                             |           |           |               |                 
|                                                  | Income taxes paid                                        |                                                             | $         | -         | $             | -               
|                                                  | Interest paid                                            |                                                             | $         | -         | $             | -               
|                                                  |                                                          |                                                             |           |           |               |                 
|NON-CASH
    ACTIVITIES:                          |                                                          |                                                             |           |           |               |                 



The accompanying notes are an integral part of these financial
statements.

5



NOTE 1 - ORGANIZATION AND DESCRIPTION OF BUSINESS



Klondike Star Mineral Corporation (hereinafter "the Company")
was originally incorporated as Cyberbiz, Inc. in 1999 under the laws of the
State of Delaware. The Company later changed its name to Urbanfind, Inc. and
again in 2004 changed its name to Klondike Star Mineral Corporation. The
Company's fiscal year-end is the last calendar day of February.



Historically, the Company has been principally engaged in an
internet-based business. Upon its acquisition of certain mining claims in
December 2003, the Company began a new exploration stage as a minerals
exploration company.



The Company maintains offices in Bellevue, Washington and in
Vancouver, British Columbia. As the Company is in the exploration stage, it has
not realized any revenues from its planned operations.





NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES



This summary of significant accounting policies is presented
to assist in understanding the financial statements. The financial statements
and notes are representations of the Company's management, which is responsible
for their integrity and objectivity. These accounting policies conform to
accounting principles generally accepted in the U.S. and have been consistently
applied in the preparation of the financial statements.



Accounting Method

The Company's financial statements are prepared using the
accrual method of accounting.



Cash and Cash Equivalents

The Company considers all highly liquid investments with an
original maturity of three months or less to be cash equivalents.



Compensated Absences

The Company's policy is to recognize the cost of compensated
absences when actually earned by employees. If the amount were estimatible, it
would not be currently recognized as the amount would be deemed immaterial.



Concentration of Risk

The Company maintains its domestic cash in primarily two
commercial bank accounts in Bellevue, Washington, as well as one account in
Vancouver, British Columbia, Canada, and one in the Yukon Territories, Canada.
Accounts are guaranteed by the Federal Deposit Insurance Corporation (FDIC) up
to $100,000. At May 31, 2004, the Company exceeded the insured amount by
$________________.



Derivative Instruments

The Financial Accounting Standards Board (FASB) issued
Statement of Financial Accounting (SFAS) Standards No. 133, "Accounting for
Derivative Instruments and Hedging Activities," (hereinafter "SFAS No. 133") as
amended by SFAS No. 137, "Accounting for Derivative Instruments and Hedging
Activities - Deferral of the Effective Date of FASB No. 133", and SFAS No. 138,
"Accounting for Certain Derivative Instruments and Certain Hedging Activities"
and SFAS No. 149, "Amendment of Statement 133 on Derivative Instruments and
Hedging Activities". These statements establish accounting and reporting
standards for derivative instruments, including certain derivative instruments
embedded in other contracts, and for hedging activities. They require that an
entity recognize all derivatives as either assets or liabilities in the
consolidated balance sheet and measure those instruments at fair value.



If certain conditions are met, a derivative may be
specifically designated as a hedge, the objective of which is to match the
timing of gain or loss recognition on the hedging derivative with the
recognition of (i) the changes in the fair value of the hedged asset or
liability that are attributable to the hedged risk or (ii) the earnings effect
of the hedged forecasted transaction. For a derivative not designated as a
hedging instrument, the gain or loss is recognized in income in the period of
change.



Historically, the Company has not entered into derivatives
contracts to hedge existing risks or for speculative purposes.



In the quarters ended May 31, 2004 and May 31, 2003, the
Company has not engaged in any transactions that would be considered derivative
instruments or hedging activities.



Earnings (Losses) Per Share

The Company has adopted Statement of Financial Accounting
Standards No. 128, which provides for calculation of "basic" and "diluted"
earnings per share. Basic earnings per share includes no dilution and is
computed by dividing net income available to common shareholders by the weighted
average common shares outstanding for the period. Diluted earnings per share
reflect the potential dilution of securities that could share in the earnings of
an entity similar to fully diluted earnings per share. There were 20,000,000
common stock equivalents outstanding at May 31, 2004 and none at May 31, 2003.
These common stock equivalents were deemed to be anti-dilutive and had no effect
upon losses per share.



Estimates

The preparation of financial statements in conformity with
accounting principles generally accepted in the United States of America
requires management to make estimates and assumptions that affect the reported
amounts of assets and liabilities and disclosure of contingent assets and
liabilities at the date of the financial statements and the reported amounts of
revenues and expenses during the reporting period. Actual results could differ
from those estimates.



Exploration Stage Activities

The Company has been in the exploration stage since December
8, 1993 and has no revenues from operations. The Company is primarily engaged in
the acquisition and exploration of mineral properties. Should the Company locate
a commercial minable reserve, the Company would expect to actively prepare the
site for extraction.



Exploration Costs

In accordance with accounting principles generally accepted
in the United States of America, the Company expenses exploration costs as
incurred. Exploration costs expensed during the quarter ended May 31, 2004 were
$______________. The aggregate exploration costs expensed during the Company's
exploration stage are $_____________.



Exploration and Development Stages

At December 8, 2003, the Company acquired certain mining
claims in the Yukon Territory, changed its principal business activity to
minerals exploration, and became an exploration stage enterprise. Prior to this
time, the Company was considered a development stage company (without revenues),
engaged in the business of website marketing.



Fair Value of Financial Instruments

The Company's financial instruments as defined by Statement
of Financial Accounting Standards No. 107, "Disclosures about Fair Value of
Financial Instruments," may include cash, receivables, advances to employee,
foreign tax return receivable, accounts payable and accrued expenses. All such
instruments are accounted for on a historical cost basis, which, due to the
short maturity of these financial instruments, approximates fair value at May
31, 2004 and May 31, 2003.

Foreign Currency Translation

Assets and liabilities of the Company's foreign operations
are translated into U.S. dollars at the year-end exchange rates, and revenue and
expenses are translated at the average exchange rates during the period.
Exchange differences arising on translation are disclosed as a separate
component of shareholders' equity. Realized gains and losses from foreign
currency transactions are reflected in the results of operations.



Foreign Operations

The accompanying balance sheet contains no recorded Company
assets in foreign countries. The Company does, however, hold mineral properties
situated in the Yukon Territory of Canada which were expensed as an exploration
cost when acquired. Although Canada is considered economically stable, it is
always possible that unanticipated events in foreign countries could disrupt the
Company's operations.



Going Concern

As shown in the financial statements, the Company incurred a
net loss of $______________ for the quarter ended May 31, 2004 and has an
accumulated deficit of $____________ since inception of the Company. The Company
currently has no operating mining properties.



These factors indicate that the Company may be unable to
continue in existence. The financial statements do not include any adjustments
related to the recoverability and classification of recorded assets, or the
amounts and classification of liabilities that might be necessary in the event
the Company cannot continue existence. The Company is actively seeking
additional capital and management believes that new properties can ultimately be
developed to enable the Company to continue its operations. However, there are
inherent uncertainties in mining operations and management cannot provide
assurances that it will be successful in its endeavors.



The Company's management believes that it will be able to
generate sufficient cash from public or private debt or equity financing for the
Company to continue to operate based on current expense projections of
$2,250,000 for fiscal 2005.



The Company has approximately $__________ in cash and has
generated an additional $_________ for total cash available of approximately
$_______________.



Mineral Properties

Costs of acquiring mineral properties are capitalized by
project area upon purchase or staking of the associated claims. Costs to
maintain the mineral rights and leases are expensed as incurred. When a property
reaches the production stage, the related capitalized costs will be amortized,
using the units of production method on the basis of periodic estimates of ore
reserves.



Mineral properties are periodically assessed for impairment
of value and any diminution in value is charged to operations at the time of
impairment. Should a property be abandoned, its capitalized costs are charged to
operations. The Company charges to operations the allocable portion of
capitalized costs attributable to properties sold. Capitalized costs are
allocated to properties abandoned or sold based on the proportion of claims
abandoned or sold to the claims remaining within the project area.



Property and Equipment

Property and equipment are recorded at cost. Major additions
and improvements are capitalized. Minor replacements, maintenance and repairs
that do not increase the useful life of the assets are expensed as incurred.
Depreciation of property and equipment is determined using the straight-line or
accelerated methods over the expected useful lives of the assets.



Provision for Taxes

Income taxes are provided based upon the liability method of
accounting pursuant to Statement of Financial Accounting Standards No. 109
"Accounting for Income Taxes." Under this approach, deferred income taxes are
recorded to reflect the tax consequences in future years of differences between
the tax basis of assets and liabilities and their financial reporting amounts at
each year-end. A valuation allowance is recorded against deferred tax assets if
management does not believe the Company has met the "more likely than not"
standard imposed by SFAS No. 109 to allow recognition of such an asset.



At May 31, 2004, the Company had net deferred tax assets
calculated at an expected rate of 34% of approximately $______________,
principally arising from net operating loss carryforwards for income tax
purposes. As management of the Company cannot determine that it is more likely
than not that the Company will realize the benefit of the net deferred tax
asset, a valuation allowance equal to the net deferred tax asset has been
recorded.



The significant components of the deferred tax assets at May
31, 2004 and May 31, 2003 were as follows:



|                                       |  | May 31,
    2004 |  | May 31,
    2003
|-------------------------------------- |  | ---------------- |  | ----------------
|                                       |  |                  |  |                 
|Net operating loss carryforward:       |  | $________        |  | $_______        
|Deferred tax asset                     |  | $                |  | $               
|Deferred tax asset valuation allowance |  | ( )              |  | ( )             
|Net deferred tax asset                 |  | $ -              |  | $ -             



At May 31, 2004, the Company has net operating loss
carryforwards of approximately $________, which expire in the years 2019 through
2021. The Company recognized $29,750,000 of losses from the issuance of stock
for mineral acquisition costs in fiscal 2004, which are not deductible for tax
purposes. The change in the allowance account from May 31, 2003 to May 31, 2004
was $13,600.



The Company has issued preferred convertible stock which if
converted could limit the utilization of new operating losses.



Recent Accounting Pronouncements

In May 2003, the Financial Accounting Standards Board issued
Statement of Financial Accounting Standards No. 150, "Accounting for Certain
Financial Instruments with Characteristics of Both Liabilities and Equity"
(hereinafter "SFAS No. 150"). SFAS No. 150 establishes standards for classifying
and measuring certain financial instruments with characteristics of both
liabilities and equity and requires that those instruments be classified as
liabilities in statements of financial position. Previously, many of those
instruments were classified as equity. SFAS No. 150 is effective for financial
instruments entered into or modified after May 31, 2003 and otherwise is
effective at the beginning of the first interim period beginning after June 15,
2003. The Company has determined that this standard does not affect it at this
time.



In April 2003, the Financial Accounting Standards Board
issued Statement of Financial Accounting Standards No. 149, "Amendment of
Statement 133 on Derivative Instruments and Hedging Activities" (hereinafter "SFAS
No. 149"). SFAS No. 149 amends and clarifies the accounting for derivative
instruments, including certain derivative instruments embedded in other
contracts, and for hedging activities under SFAS No. 133, "Accounting for
Derivative Instruments and Hedging Activities". This statement is effective for
contracts entered into or modified after June 30, 2003 and for hedging
relationships designated after June 30, 2003. The adoption of SFAS No. 149 is
not expected to have an impact on the financial position or results of
operations of the Company.



In December 2002, the Financial Accounting Standards Board
issued Statement of Financial Accounting Standards No. 148, "Accounting for
Stock-Based Compensation - Transition and Disclosure" (hereinafter "SFAS No.
148"). SFAS No. 148 amends SFAS No. 123, "Accounting for Stock-Based
Compensation," to provide alternative methods of transition for a voluntary
change to the fair value based method of accounting for stock-based employee
compensation. In addition, the statement amends the disclosure requirements of
SFAS No. 123 to require prominent disclosure in both annual and interim
financial statements about the method of accounting for stock-based employee
compensation and the effect of the method used on reported results. The
provisions of the statement are effective for financial statements for fiscal
years ending after December 15, 2002. As the Company accounts for stock-based
compensation using the fair value method, the adoption of SFAS No. 148 has no
material impact on the Company's financial condition or results of operations.



Stock-Based Compensation

Statement of Financial Accounting Standards No. 123,
"Accounting for Stock-Based Compensation" (hereinafter "SFAS No. 123"),
defines a fair value-based method of accounting for stock options and other
equity instruments. The Company has adopted this method, which measures
compensation costs based on the estimated fair value of the award and recognizes
that cost over the service period.





NOTE 3 - MINERAL PROPERTIES



In December 2003, the Company acquired certain mining claims
situated in Dawson Mining District in the Yukon Territory of Canada by the
Company's issuance of 3,800,000 shares of common stock and 2,000,000 shares of
preferred convertible stock in a transaction valued at $29,750,000 which
reflects the market value of the shares at issuance and which is deemed the best
measure of transaction value. Because there are no independent professional
reports as to the amounts of reserves in the mineral properties acquired, the
acquisition cost of these properties has been recorded as an exploration
expense.



NOTE 4 - RELATED PARTY TRANSACTIONS



On occasion, the Company's shareholders pay corporate
expenses. These related party payables, which are unsecured and non-interest
bearing, are due on demand and totaled $___________ at May 31, 2004.



NOTE 5 - PREFERRED STOCK



The Company is authorized to issue 20,000,000 shares of
$0.0001 par value preferred stock. The specific features of the preferred stock
are each preferred share is convertible to 10 common shares of common stock,
non-cumulative and non-dividend bearing. The Company's board of directors will
determine the specific features of each additional issuance of preferred shares.
At May 31, 2004, the Company had 2,000,000 shares of preferred convertible stock
issued and outstanding. There were no preferred stock shares issued and
outstanding at May 31, 2003.





NOTE 6 - COMMON STOCK AND OPTIONS



The Company is authorized to issue 80,000,000 shares of
$0.0001 par value common stock. Each holder of common stock has one,
non-cumulative vote per share on all matters voted upon by the shareholders. At
May 31, 2004, the Company had 20,489,800 shares of common stock outstanding.



During the quarter ended May 31, 2004, the Company sold in a
private placement __________- shares of its common stock at $2.50 per share for
cash and subscriptions receivable of $___________.



At May 31, 2003, the Company had ___________ shares of common
stock outstanding. All references in these financial statements to common stock
shares have been adjusted to reflect a 1.5 to 1 forward stock split effective
during the year ended May 31, 2004.



The Company's board of directors has approved the adoption of
the Company's 2003 stock incentive plan for employees and consultants. The
Company registered 2,800,000 options with an exercise price of $1.00. The
duration of the plan is 10 years and may be modified with or without
shareholders approval.



NOTE 7 - CONTRIBUTION OF CAPITAL



The aggregate amount of the shareholder forgiveness has been
recorded as a contribution of capital on the Company's statement of
stockholders' equity.





NOTE 8 - COMMITMENTS AND CONTINGENCIES



Compliance with Environmental Regulations

The Company's mining activities are subject to laws and
regulations controlling not only the exploration and mining of mineral
properties, but also the effect of such activities on the environment.
Compliance with such laws and regulations may necessitate additional capital
outlays, affect the economics of a project, and cause changes or delays in the
Company's activities.





NOTE 9 - DISCONTINUED OPERATIONS





In June 2002, the Financial Accounting Standards Board issued
Statement of Financial Accounting Standards No. 146, "Accounting for Costs
Associated with Exit or Disposal Activities" (hereinafter "SFAS No. 146"). SFAS
No. 146 addresses significant issues regarding the recognition, measurement, and
reporting of costs associated with exit and disposal activities, including
restructuring activities. SFAS No. 146 also addresses recognition of certain
costs related to terminating a contract that is not a capital lease, costs to
consolidate facilities or relocate employees, and termination benefits provided
to employees that are involuntarily terminated under the terms of a one-time
benefit arrangement that is not an ongoing benefit arrangement or an individual
deferred-compensation contract. SFAS No. 146 was issued in June 2002, effective
December 31, 2002. The Company's financial position and results of operations
have not been affected by adopting SFAS No. 146. (See Note 7.)





NOTE 10 - SUBSEQUENT EVENTS



On or about June 24, 2004, the Company directed the transfer
of $1,000,000 (U.S.) from its trust account at Bank of America, Bellevue,
Washington, to a lawyer's trust account at Murrin Professional Corporation in
Whitehourse, Yukon Territories, Canada. The transfer was in anticipation of what
the Company hopes is a favorable exchange rate movement, and to have funds more
readily available for proposed mining activities in the Yukon Territory.





Item 2. Management Discussion and Analysis.

Klondike Star Mineral Corporation is a prospecting and mineral exploration
company conducting business in Yukon Territories. The principal asset of the
company is the right to earn majority interest in a mineral resource property
known as the Lone Star claims.



Klondike Star Mineral Corporation is pursuing a specific
strategy and approach. The Company intends to manage capital resources with a
focus on expenditures in work programs on carefully selected assets.



The primary focus of the company is a joint-venture on the
Lone Star claims. The Company will consider additional projects.



The main focus in the 2004 and 2005 work programs is to
locate and determine the tonnage and grade of ore resources in the shear zones
within the Lone Star property. The first step will be to conduct a
pre-feasibility of the old Lone Star Mine, operated from 1912 to 1914, and
closed down at the outbreak of World War I. Klondike Star will further undertake
a pre-feasibility of the Lone Star mine to determine tonnage and grade for the
purpose of making a production decision.



The Company has already begun test drillings on several
locations in the Lone Star area. Several geologists have viewed the area and
provided management with feedback as to the optimal areas for the initial test
drilling. The Company is in the process of purchasing equipment for the test
drilling, and, ultimately for the mining itself.



Depending on the results of the test drilling in the summer
of 2004, the Company will decide whether to conduct additional tests in 2005, or
begin preliminary mining during the 2005 season.



Klondike Star Mineral Corporation is undertaking a work
programs on the shear zones that have been discovered on the Lone Star claims in
addition to other prospective sites on the property. The work programs consist
of further surveys, drilling, bulk testing, and trenching work.



Klondike Star will further undertake a
pre-feasibility of the Lone Star mine to determine tonnage and grade for the
purpose of making a production decision.

PART 2 - OTHER INFORMATION

Item 1. Legal Proceedings

None

Item 2. Changes in Securities

None

Item 3. Defaults upon Senior Securities

None

Item 4. Submission of Matters to a Vote of Security Holders

None

Item 5. Other Information

None

Item 6. Exhibits and Reports on Form 8-K

Exhibits: None

Reports on Form 8-K: The following current reports were filed during the
quarter ended May 31, 2004:



|Date Filed    | Item Reported
|------------- | -------------
|March 5, 2004 | 4            







SIGNATURES

In accordance with the requirements of the Securities and Exchange Act of
1934, the Registrant has duly caused this report to be signed on its behalf by
the undersigned, thereunto duly authorized.



KLONDIKE STAR MINERAL CORPORATION

Date_________________________

By:*__________________________*

Hans Boge, President





CERTIFICATIONS

|I, Hans Boge, certify that:
|---------------------------
|1.                         
|2.                         
|3.                         
|4.                         
|                           
|                           
|                           
|5.                         
|                           
|                           
|6.                         



| | Date: __________________ | Signed: |                                      
| | ------------------------ | ------- | -------------------------------------
| |                          |         |                                      
| |                          | Name:   | Hans Boge                            
| |                          | Title:  | Chief Executive Officer and principal
| |                          |         | financial officer                    





CERTIFICATION PURSUANT TO18 U.S.C. SECTION 1350, AS ADOPTED PURSUANT TO
SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002

I, Hans Boge the Chief Executive Officer and principal financial officer of
Klondike Star Mineral Corporation, Inc. (the "Company") in compliance with 18
U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley
Act of 2002, hereby certify that, the Company's Quarterly Report on Form 10-QSB
for the period ended May 31, 2004, fully complies with the requirements of
Section 13(a) or 15(d) of the Securities Exchange Act of 1934 and fairly
presents, in all material respects, the financial condition and results of
operations of the Company.



| | Date: ___________________ | Signed: |                                      
| | ------------------------- | ------- | -------------------------------------
| |                           |         |                                      
| |                           | Name:   | Hans Boge                            
| |                           | Title:  | Chief Executive Officer and principal
| |                           |         | financial officer