Gander Mountain to Open More Stores in Florida, Texas and North Carolina

The outdoor lifestyle retailer plans to open stores in St. Augustine, Florida; Fayetteville, North Carolina, and College Station, Texas, before the end of June. These openings follow the opening of Gander Mountain’s newest store in Eden Prairie, Minnesota, on March 31.

The company plans to open nine more stores in the fall of 2007. Opening dates and locations of those stores have not been announced. Gander Mountain currently has 105 stores in 22 states, the largest network of stores devoted to hunting, fishing, camping, boating and outdoor lifestyle products and services.

All new stores opened by Gander Mountain will be in excess of 60,000 square feet and will offer a wide variety of cutting-edge gear designed for the outdoors, with an emphasis on regional preferences and knowledge.

Tracker Marine boat brands are a major attraction of the new stores along with ATVs and power sports services. Gander Mountain stores feature on-site gunsmithing, archery lanes and service, line winding and reel set-up, and bait shops that open early for morning fishing needs.

In addition to outdoor products and services, each of the new stores will feature the Gander Mountain Lodge, a meeting room provided free of charge for meetings of local outdoor and civic groups. Gander Mountain also provides educational courses for outdoor enthusiasts in the Lodge. The company offers more hunter safety programs, through its Lodges, than any other outdoor retailer.

“We are excited about having more new stores in southern markets,” said Mark Baker, president and CEO of Gander Mountain. “We’ve been very pleased by the success of the stores we opened last year in Texas, Florida, Kentucky, Virginia, and Alabama. We’re looking forward to building great relationships with the outdoor enthusiasts in these new southern communities in 2007.”

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About Gander Mountain Company
Gander Mountain Company (Nasdaq: GMTN), headquartered in Saint Paul, Minnesota, is the nation’s largest retail network of stores for hunting, fishing, camping, marine and outdoor lifestyle products and services. Since 1960, the Gander Mountain brand has offered an expanding assortment of competitively priced outdoor equipment, technical apparel and footwear, as well as gunsmith, archery, ATV and marine services. The stores feature national, regional and local brands as well as the company’s owned brands. Focused on a “We Live Outdoors®” culture, Gander Mountain dedicates itself to creating outdoor memories. There are currently 105 Gander Mountain outdoor lifestyle stores in 22 states. For the nearest store location call 800-282-5993 or visit http://www.gandermountain.com/.

Cautionary Note Regarding Forward-Looking Statements
Any statements in this release that are not historical or current facts are forward-looking statements. All forward-looking statements in this release are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These statements involve known and unknown risks, uncertainties and other factors that may cause our actual results, performance or achievements to be materially different from any future results, performances or achievements expressed or implied by the forward-looking statements. Certain of these risks and uncertainties are described in the “Risks and Factors Affecting Current and Future Results” section of the company’s Annual Report on Form 10-K for fiscal 2005 and other required reports, as filed with the SEC, which are available at www.GanderMountain.com and at the SEC’s website at http://www.gandermountain.com/ and at the SEC's website at http://www.sec.gov/.

Contact: 
Gander Mountain
651-325-4300
investorrelations@gandermountain.com