**
UNITED STATES ******SECURITIES AND EXCHANGE COMMISSION********WASHINGTON, DC 20549****FORM 10-QSB
**xQuarterly Report pursuant toSection 13 or 15(d) of the Securities Exchange Act of 1934For the quarterly period ended **November 30, 2004****[ ]Transition Report pursuant to 13or 15(d) of the Securities Exchange Act of 1934For the transition period to _________ to _________
Commission File Number **000-30965****KLONDIKE STAR MINERALCORPORATION

________________________________________**
(Exact name of smallBusiness 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: **360-647-3170****None

_______________________________________________________________________________________**
(Former name, formeraddress and former fiscal year end, if changed since last report)

Check whether the issuer (1) filed all reports required to befiled by Section 13 or 15(d) of the Securities Exchange Act of 1934 during thepreceding 12 months (or for such shorter period that the issuer was required tofile such reports), and (2) has been subject to such filing requirements for thepast 90 days    **x**Yes     **[ ]** No
State the number of shares outstanding of each of the issuer'sclasses of common stock, as of the latest practicable date: **2,000,000 sharesof Series A, convertible, and20,973,800 shares of common stock, both $0.0001 parvalue outstanding as of November 30, 2004.**** 
PART 1 - FINANCIAL INFORMATION 

Item 1. Financial Statements 

The accompanying unaudited financial statements have been prepared inaccordance with the instructions to Form 10-QSB and Item 310 (b) of RegulationS-B, and, therefore, do not include all information and footnotes necessary fora complete presentation of financial position, results of operations, cashflows, and stockholders' equity in conformity with generally accepted accountingprinciples. In the opinion of management, all adjustments considered necessaryfor a fair presentation of the results of operations and financial position havebeen included and all such adjustments are of a normal recurring nature.Operating results for the three months ended November 30, 2004 are notnecessarily indicative of the results that can be expected for the year endingFebruary 28, 2005. 
   **KLONDIKE STAR MINERAL CORPORATION

(Formerly Urbanfind, Inc.)

(An Exploration Stage Company)

BALANCE SHEETS
 
         November 30,     February 29,         2004     2004         (unaudited)          ASSETS                 CURRENT ASSETS          Cash and cash equivalents     $           1,470,676      $           1,845,287       Accounts receivable               26,286                      -         Prepaids and deposits                 6,358                      -          Total Current Assets           1,503,320            1,845,287              PROPERTY, PLANT AND EQUIPMENT, NET             382,322                      -                TOTAL ASSETS     $           1,885,642      $           1,845,287             LIABILITIES AND STOCKHOLDERS' EQUITY                 CURRENT LIABILITIES          Accounts payable      $               27,237      $                 9,629       Accounts payable - related party                     -                  11,856        Total Current Liabilities               27,237                21,485              COMMITMENTS AND CONTINGENCIES                     -                        -                STOCKHOLDERS' EQUITY           Preferred stock, $0.0001 par value;  20,000,000 shares authorized,           2,000,000 shares of Series A, convertible, issued and outstanding                   200                    200       Common stock, $0.0001 par value; 80,000,000 shares authorized,            20,973,800 and 20,489,800 shares issued and outstanding, respectively                 2,097                  2,049       Additional paid-in capital         34,082,242          32,836,790       Subscription receivable                     -               (750,045)      Deficit accumulated during prior development stage            (484,537)            (484,537)      Deficit accumulated during exploration stage        (31,481,632)       (29,780,655)      Accumulated other comprehensive income (loss)            (259,965)                     -          Total Stockholders' Equity            1,858,405            1,823,802              TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY     $           1,885,642      $           1,845,287 
 

 

 

 

 

 

 

 

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

1

 ** 

KLONDIKE STAR MINERAL CORPORATION

(Formerly Urbanfind, Inc.)

(An Exploration Stage Company)

STATEMENTS OF OPERATIONS
 
               From December               8, 2003               (Inception of                 Exploration Stage)        Three Months Ended November 30,     Nine Months Ended November 30,      to November 30,        2004     2003      2004     2003      2004        (unaudited)      (unaudited)      (unaudited)      (unaudited)       (unaudited)                 REVENUES    $                              -       $                          -       $                          -       $                          -       $                             -                              EXPENSES               Mineral exploration                       169,661                            -                    1,460,352                            -                      1,460,352      Public relations                        92,158                            -                      404,405                            -                         404,405      Professional fees                        46,514                            -                      103,150                            -                         118,312      General and administrative                        29,563                            -                        84,828                            -                          96,746      Mineral rights acquisition                               -                              -                              -                              -                    29,750,000      Amortization                        45,655                        45,655                            -                          45,655                          383,551                                -                    2,098,390                                -                        31,875,470                             OPERATING INCOME (LOSS)                      (383,551)                           -                  (2,098,390)                           -                   (31,875,470)                OTHER INCOME/EXPENSES               Interest and other income                          7,140                        12,635                            -                          13,415      Foreign currency gain                        99,722                      403,111                            -                         403,258      Loss on disposal of capital assets                       (18,333)                           -                      (18,333)                           -                         (18,333)     Total other income/expenses                        88,529                            -                      397,413                            -                         398,340                 LOSS BEFORE INCOME TAXES                     (295,022)                           -                  (1,700,977)                           -                   (31,477,130)                PROVISION FOR TAXES                                -                              -                              -                              -                                   -                 LOSS FROM CONTINUING OPERATIONS                     (295,022)                           -                  (1,700,977)                           -                   (31,477,130)                LOSS FROM DISCONTINUED OPERATIONS                               -                        (4,502)                           -                      (13,153)                        (4,502)                NET LOSS                     (295,022)                     (4,502)               (1,700,977)                   (13,153)                (31,481,632)                OTHER COMPREHENSIVE INCOME (LOSS)               Foreign currency translation gain/(loss)                     (258,383)                           -                     (259,965)                           -                       (259,965)                COMPREHENSIVE LOSS    $                    (553,405)    $                    (4,502)    $              (1,960,942)    $                  (13,153)     $                (31,741,597)                NET LOSS PER COMMON SHARE,               BASIC AND DILUTED:  CONTINUING OPERATIONS    $                         (0.01)    $                          -       $                      (0.08)    $                          -          BASIC AND DILUTED: DISCONTINUED OPERATIONS    $     nil     $     nil     $     nil     $     nil                   WEIGHTED AVERAGE NUMBER               OF COMMON SHARES OUTSTANDING,               BASIC AND DILUTED                  20,850,701                15,649,800                20,631,975                15,649,800   
 

The accompanyingcondensed 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                        Accumulated     Deficit                      During     Accumulated     Accumulated         Preferred Stock      Common Stock      Additional          Prior      During     Other      Total        Number of         Number of         Paid-in       Subscription      Development     Exploration     Comprehensive      Stockholders'         Shares      Amount       Shares      Amount      Capital       Receivable      Stage     Stage     Income(Loss)      Equity                                               BALANCE, February 28, 2002                          -       $              -                15,649,800     $         1,565     $    434,062     $                      -       $    (433,280)    $                      -        $                       -       $                   2,347                          Net loss for the year ended                        February 28, 2003                         -                  -                             -                   -                         -        (42,606)                       -                          -                    (42,606)                                                                 BALANCE, February 28, 2003                         -                  -                15,649,800           1,565      434,062                        -        (475,886)                       -                          -                    (40,259)                         Issuance of preferred and common stock                         for mineral properties at $1.25 per share               2,000,000              200                3,800,000      380      29,749,420                        -                         -                          -                          -               29,750,000                          Issuance of common stock for cash                        for $2.50 per share                         -                  -                  1,040,000      104      2,599,896              (750,045)                      -                          -                          -                 1,849,955                          Contributed capital                         -                  -                             -                 -        53,412                        -                         -                          -                          -                     53,412                          Net loss for the year ended                        February 29, 2004                         -                  -                             -                 -                         -                          -                   (8,651)          (29,780,655)                       -              (29,789,306)                         BALANCE, February 29, 2004               2,000,000              200              20,489,800           2,049      32,836,790              (750,045)             (484,537)          (29,780,655)                       -                 1,823,802                                                       1,823,802     Collection of subscription receivable                         -                  -                             -                 -                         -                  750,045                       -                          -                          -                   750,045                          Issuance of common stock for cash at $2.50                        per share and payment of related expenses.                         -                  -                      68,000      7      169,935                        -                         -                          -                          -                   169,942                          Issuance of common stock for cash at $3.28                        per share and payment of related expenses.                         -                  -                     134,000      13      440,045                        -                         -                          -                          -                   440,058                              Issuance of common stock for cash at $2.50                        per share and payment of commision in the                        amount of $69,500                         -                  -                     282,000      28      635,472                        -                         -                          -                          -                   635,500                          Net loss for the period ended                        November 30, 2004 (unaudited)                         -                  -                             -                 -                         -                          -                         -              (1,700,977)                       -               (1,700,977)                         Foreign currency translation gain (loss)                         -                  -                             -                 -                         -                          -                         -                          -                 (259,965)               (259,965)                             BALANCE, November 30, 2004 (unaudited)               2,000,000     $            200              20,973,800     $         2,097     $    34,082,242     $                      -       $            (484,537)    $         (31,481,632)     $              (259,965)    $             1,858,405 
 

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

3

 

 **KLONDIKE STAR MINERAL CORPORATION

(Formerly Urbanfind, Inc.)

(An Exploration Stage Company)

STATEMENTS OF CASH FLOWS
 
             From December 8,         Nine Months     Nine Months     2003 (Inception of         Ended November 30,     Ended November 30,     Exploration Stage)         2004      2003      to November 30, 2004         (unaudited)     (unaudited)     (unaudited)              CASH FLOWS FROM OPERATING ACTIVITIES:            Net (loss)     $                (1,700,977)    $                            -       $                    (31,481,632)     Amortization                        45,655                         2,765                             45,655      Discontinued operations (net loss)                              -                        (13,153)     4,502                      (1,655,322)                     (10,388)                     (31,431,475)     Adjustments to reconcile net loss to net cash                (used) by operating activities:             Stock issued for acquisition of mineral rights expensed                              -                                -                         29,750,000      Changes in assets and liabilities:             (Increase) decrease in accounts receivable                      (26,286)                             -                              (26,286)      (Increase) decrease in prepaids and deposits                        (6,359)                             -                               (6,359)      Increase (decrease) in accounts payable                        17,608      8,015                             27,237       Increase (decrease) in accounts payable, related party                      (11,856)                             -                                     -         Increase (decrease) in interest payable                              -                           2,373                                   -         Net cash provided (used) by discontinued operations                              -                                -                                     -               Net cash (used) by operating activities                  (1,682,215)                             -                         (1,686,883)              CASH FLOWS PROVIDED BY INVESTING ACTIVITIES:                              -                                -                                     -         (Increase) decrease in equipment                      (427,976)                             -                            (427,976)          Net cash provided (used) by investing activities                     (427,976)                             -                            (427,976)              CASH FLOWS PROVIDED BY FINANCING ACTIVITIES:             Collection of stock subscription receivable                      750,045                              -                             750,045       Common stock issued for cash                    1,245,500                              -                           3,095,455       Net cash provided (used) by discontinued operations                              -                                -                                     -              Net cash provided by financing activities                    1,995,545                              -                           3,845,500                Net increase (decrease) in cash and cash equivalents                     (114,646)                             -                           1,730,641                 Foreign currency translation gain (loss)                     (259,965)                             -                            (259,965)              Cash and cash equivalents beginning of period                    1,845,287                              -                                     -                 Cash and cash equivalents end of period     $                  1,470,676     $                            -       $                       1,470,676                         SUPPLEMENTAL CASH FLOW DISCLOSURES:            Income taxes paid     $                            -       $                              -     $                                   -      Interest paid     $                            -       $                              -     $                                   -               NON-CASH ACTIVITIES:       
 

 

 

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

4

 ** 

KLONDIKE STAR  MINERAL CORPORATION

(Formerly Urbanfind,  Inc.)  (An Exploration Stage Company)

Condenses Notes to  the Financial Statements

November 30, 2004
NOTE 1 -DESCRIPTION OF BUSINESS

Klondike Star Mineral Corporation (hereinafter "the Company")is engaged in mineral exploration in the Yukon Territory, Canada. The Companywas originally incorporated in 1999 under the laws of the State of Delaware. TheCompany was also registered in the Yukon Territory, Canada effective June 22,2004. The Company maintains offices in Bellevue, Washington and Whitehorse,Yukon Territory.

The Company was originally incorporated as Cyberbiz, Inc. in1999 under the laws of the State of Delaware. The Company later changed its nameto Urbanfind, Inc. and again in 2004 changed its name to Klondike Star MineralCorporation. The Company's fiscal year-end is the last calendar day of February.

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

As the Company is in the exploration stage, it has notrealized any revenues from its planned operations. 

Basis of Presentation

The accompanying interim condensed financial statements areprepared in accordance with rules set forth in Regulation SB of the Securitiesand Exchange Commission. As said, these statements do not include alldisclosures required under generally accepted principals and should be read inconjunction with the audited financial statements for the year ended February29, 2004. In the opinion of management, all required adjustments which consistof normal re-occurring accruals have been made to the financial statements.
****
 
**NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES**
Cash and Cash Equivalents

The Company considers all highly liquid investments with anoriginal maturity of three months or less to be cash equivalents.
****
Estimates

The preparation of financial statements in conformity withaccounting principles generally accepted in the United States of Americarequires management to make estimates and assumptions that affect the reportedamounts of assets and liabilities and disclosure of contingent assets andliabilities at the date of the financial statements and the reported amounts ofrevenues and expenses during the reporting period. Actual results could differfrom those estimates.

 ** 

KLONDIKE STAR  MINERAL CORPORATION

(Formerly Urbanfind,  Inc.)  (An Exploration Stage Company)

Condenses Notes to  the Financial Statements

November 30, 2004
Going Concern 

As shown in the financial statements, the Company incurred anet loss of approximately $1,700,000 for the period ended November 30, 2004 andhas an accumulated deficit of approximately $31,482,000 since inception of theCompany's exploration stage (December 8, 2003). The Company currently has norevenues and no operating mining properties.

These factors indicate that the Company may be unable tocontinue in existence. The financial statements do not include any adjustmentsrelated to the recoverability and classification of recorded assets, or theamounts and classification of liabilities that might be necessary in the eventthe Company cannot continue existence. The Company is actively seekingadditional capital and management believes that new properties can ultimately bedeveloped to enable the Company to continue its operations. However, there areinherent uncertainties in mining operations and management cannot provideassurances that it will be successful in its endeavors.

The Company's management believes that it will be able togenerate sufficient cash from public or private debt or equity financing for theCompany to continue to operate based on current expense projections of$2,250,000 for fiscal 2005. The Company has approximately $1,470,000 in cash atNovember 30, 2004.

Concentration of Risk

The Company maintains its domestic cash in primarily onecommercial bank in Bellevue, Washington. Accounts are guaranteed by the FederalDeposit Insurance Corporation (FDIC) up to $100,000. At November 30, 2004, theCompany exceeded the insured amount by $547,920.

Foreign Operations

The accompanying balance sheet contains certain recordedCompany assets (principally cash and property and equipment) in a foreigncountry (Canada). The Company also holds mineral properties situated in theYukon Territory of Canada which were expensed as an exploration cost whenacquired. Although Canada is considered economically stable, it is alwayspossible that unanticipated events in foreign countries could disrupt theCompany's operations.

Foreign Currency Translation

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

 ** 

KLONDIKE STAR  MINERAL CORPORATION

(Formerly Urbanfind,  Inc.)  (An Exploration Stage Company)

Condenses Notes to  the Financial Statements

November 30, 2004** 

NOTE 3 - PROPERTY AND EQUIPMENT**
Capital assets are recorded at cost. Depreciation iscalculated using the straight-line method over three to seven years. Thefollowing is a summary of property, equipment, and accumulated depreciation atNovember 30, 2004.

November 30, 2004
Accumulated
 
Cost
Depreciation
Depreciable Fixed Assets:
Pack horses
$
14,573
$
-
Leasehold improvements
178,628
13,944
Trailers
40,484
6,073
Trucks
36,705 
7,584 
All-terrain vehicles
53,843 
10,298 
Equipment 
32,211
5,295
Computer equipment
15,809
2,461 
Total
372,253
$                         (45,655)
Less: Accumulated Depreciation 
(45,655)
Total Depreciable    Property, Plant and 

    Equipment, net
326,598
Non Depreciable Fixed Assets:

Gold samples
55,724
Total Fixed Assets
$
382,322** 

NOTE 4 - RELATED PARTY TRANSACTIONS**
On occasion, the Company's shareholders pay corporateexpenses. These related party payables, which are unsecured and non-interestbearing, are due on demand and totaled $0 and $11,856 at November 30, 2004 andFebruary 29, 2004, respectively.
****
Effective August, 2004, the Company signed an agreement forthe right of occupancy of a barn from one of the directors of the Company forthe shelter of pack horses and an office. Leaseholds improvements, which totalapproximately $179,000 as of November 30, 2004, are being made to the barn andoffice. 
** 
 

KLONDIKE STAR  MINERAL CORPORATION

(Formerly Urbanfind,  Inc.)  (An Exploration Stage Company)

Condenses Notes to  the Financial Statements

November 30, 2004
 

NOTE 5 - PREFERRED STOCK

The Company is authorized to issue 20,000,000 shares of$0.0001 par value preferred stock. Each preferred share is convertible to 10common shares of common stock, non-cumulative and non-dividend bearing. TheCompany's board of directors will determine the specific features of eachadditional issuance of preferred shares. At November 30, 2004 and February 29,2004, the Company had 2,000,000 shares of preferred convertible stock issued andoutstanding.

 
**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. AtNovember 30, 2004 and February 29, 2004, the Company had 20,973,800 and20,489,800 shares of common stock outstanding, respectively.

During the period ended May 31, 2004, the Company sold in aprivate placement 68,000 shares of its common stock at $2.50 per share for totalnet cash proceeds of $169,942.

During the period ended August 31, 2004, the Company sold ina private placement 134,000 shares of its common stock at $3.28 per share fortotal net cash proceeds of $440,058.

During the period ending November 30, 2004, the Companyissued 282,000 common shares for cash valued at $2.50 per share for net proceedsof $635,500.

From inception as an exploration stage company, the Companyhas paid commissions on sale of stock in the amount of $227,500. 

The Company's board of directors has approved the adoption ofthe Company's 2003 stock incentive plan for employees and consultants, wherein,the Company registered 2,800,000 options with an exercise price of $1.00. Theduration of the plan is 10 years and may be modified with or withoutshareholders' approval.

 ** 

KLONDIKE STAR  MINERAL CORPORATION

(Formerly Urbanfind,  Inc.)  (An Exploration Stage Company)

Condenses Notes to  the Financial Statements

November 30, 2004** ****NOTE 7 - COMMITMENTS AND CONTINGENCIES**
Consulting Agreements

On May 14, 2004, the Company entered into a consultingagreement with Acetech Capital Corp ("Acetech") for the purpose of obtainingpublic relations and communications services. This agreement is for a period ofone year commencing May 13, 2004 and is renewable upon mutual consent. TheCompany agreed to pay the sum of $364,000 as services are rendered and performedby Acetech.

On May 14, 2004, the Company entered into a consultingagreement with Resourcex Capital Corp. ("Resourcex") for the purpose ofobtaining corporate development and consulting services. The agreement commencedon June 1, 2004 and continues for one year unless terminated, within any sixmonth term, in writing by either party, and grants incentive stock options toResourcex to acquire up to 400,000 common shares in the capital stock of theCompany. Providing this agreement has not been terminated prior to the date ofvesting, options to acquire 100,000 common shares of the Company will vest onSeptember 1, 2004, March 1, 2005, September 1, 2005 and March 1, 2006. In theevent of change of control of the Company, all of the incentive stock optionsnot yet vested shall vest immediately. As of December 1, 2004, the 100,000common share options had not been exercised.

Prior to inception of the exploration stage at December 8,2003, the Company entered into a consulting agreement with Rahn and Bodmar forthe purpose of building a communications program directed to increase theshareholder and investor base of the Company. During the period ended November30, 2004, $370,000 was paid as completion installments on this contract. Thiscontract is linked as a business segment of Resourcex.
***Compliance with Environmental Regulations***
The Company's mining activities are subject to laws andregulations controlling not only the exploration and mining of mineralproperties, but also the effect of such activities on the environment.Compliance with such laws and regulations may necessitate additional capitaloutlays, affect the economics of a project, and cause changes or delays in theCompany's activities.

 
** 
 
**Item 2. Management Discussion and Analysis.

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

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

The primary focus of the company is a joint-venture on theLone Star claims. The Company has made sufficient payments to complete itspurchase of a 55% interest in those claims, and is now in control of developmenton the Lone Star properties. The Company will consider additional projects. 

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

The Company has already completed test drillings on severallocations in the Lone Star area. Several geologists have viewed the area andprovided management with feedback as to the optimal areas for the initial testdrilling. The Company has purchased equipment for the test drilling, some ofwhich may ultimately be usable for the mining itself.

Based on the results of the test drilling in the summer of2004, the Company has decided to conduct additional tests in 2005, but has notyet decided whether to begin preliminary mining during the 2005 season. The testresults were within the expectations of management, or, in certain instances,better than expectations.

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

Klondike Star will further undertake apre-feasibility of the Lone Star mine to determine tonnage and grade for thepurpose 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:No current reports were filed during the quarterended November 30, 2004:

________________________________________________________
**SIGNATURES**
In accordance with the requirements of the Securities and Exchange Act of1934, the Registrant has duly caused this report to be signed on its behalf bythe undersigned, thereunto duly authorized.

 
**KLONDIKE STAR MINERAL CORPORATION**
Date  January 13, 2005

By:*/s/ Hans Boge               ***Hans Boge, President

 
 **************************************************
**