Exploration Program At The MPD Copper-Gold Porphyry Project

VANCOUVER - Kodiak Copper Corp. has commenced its 2025 exploration program at the MPD copper-gold porphyry project in southern British Columbia. The program will include drilling to support resource definition, and field investigations to further assess known mineralized zones as well as priority exploration targets. Kodiak is drilling approximately 5,500 metres on three mineralized zones, West, Adit and South. A total of 39 drill holes are proposed. Drilling is designed to support the resource estimation on these three mineralized zones, which will be completed in the fall, following receipt of assay results. Together with the soon-to-be-released resource estimate for the first four mineralized zones Gate, Ketchan, Man and Dillard, this will complete the initial resource estimate for the MPD project.

The drilling will be conducted using one diamond drill rig and one reverse circulation rig and will include the twinning of select historical drill holes as well as improving coverage in areas with lower drill density. The 2025 program also includes geologic mapping and prospecting around the resource zones to prioritize areas for further infill and step-out drilling and support modelling. Fieldwork will also evaluate select new target areas, including new VRIFY Areas of Interest and priority targets generated by Kodiak's 2024 exploration program.

Claudia Tornquist, President and CEO, said, "We are pleased to kick off this year's exploration program at MPD with an initial focus on the drilling required to support our maiden resource estimate. Additional field work in anticipation of the next round of drilling will prioritize targets that hold the potential to extend known mineralized zones as well as discover new ones. As we work toward our initial resource estimate -a key milestone and value catalyst for our company- we are well positioned to create exceptional value for our shareholders, in a copper market increasingly defined by looming supply shortages and the urgent need for new discoveries."