Gander Mountain Announces Additional New Stores Opening in Fall 2006 in Tennessee and Alabama

Gander Mountain Company (NASDAQ:GMTN) , the nation's largest retail network of stores for hunting, fishing, camping, marine and outdoor lifestyle products and services, today announced three additional new outdoor lifestyle specialty stores to open in the fall of 2006.
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ST. PAUL, Minn. -- Gander Mountain Company (NASDAQ:GMTN) , the nation's largest retail network of stores for hunting, fishing, camping, marine and outdoor lifestyle products and services, today announced three additional new outdoor lifestyle specialty stores to open in the fall of 2006. The company previously announced two openings for the fall. These additional stores will complete the company's plan to open eight new stores in 2006. Gander Mountain stores offer a broad assortment of equipment, apparel and services for hunting, fishing, camping, boating and other outdoor pursuits at great value, while delivering exceptional service through knowledgeable associates who are passionate about the outdoors.

The new stores, scheduled to open in September and October, will be located in the following markets:

Lake Mary, Fla.
Charleston, W.Va.
Knoxville, Tenn.
Huntsville, Ala.
Winchester, Va.

Three of the new stores will be renovations of existing buildings, while two are being built for Gander Mountain. All will have outside selling areas for boats, ATVs and other large items. Each will include an in-store professional gunsmith, a full-service archery shop with shooting lanes and a Gander Lodge meeting space available to local organizations free of charge. The Lake Mary store, located near Orlando, will carry a broad assortment of fishing and recreational boats, in addition to the usual selection of canoes and kayaks. It will also carry SCUBA equipment and an expanded assortment of snorkeling gear as part of Gander Mountain's partnership with Divers Direct.

"We are excited to be entering four new states in the fall," said Mark Baker, President and CEO. "All of these new states have large populations of hunting and fishing enthusiasts, and we look forward to fulfilling their demands for high-quality equipment and apparel at great prices. The Winchester store will build on the success of our store in Fredericksburg. In addition, these openings continue our strategy of opening more stores in southern states to increase our geographic diversity."

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 brand. Focused on a "We Live Outdoors(R)" culture, Gander Mountain dedicates itself to creating outdoor memories. There are currently 99 conveniently located Gander Mountain outdoor lifestyle stores in 18 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 http://www.gandermountain.com/ and at the SEC's website at http://www.sec.gov/.

Source: Gander Mountain Company

CONTACT: Shannon Burns, Director of Investor Relations and Corporate
Communications of Gander Mountain Company, +1-651-325-4337,
Shannon.burns@gandermountain.com

Web site: http://www.gandermountain.com/

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