Exploration Program At The MPD Copper Gold Porphyry Project

VANCOUVER - Kodiak Copper Corp. is mobilizing staff to the MPD copper-gold porphyry project in Southern British Columbia to start the 2023 Exploration Program on its MPD copper-gold porphyry project in southern British Columbia. Plans for 2023 include up to 25,000 meters of drilling in multiple target areas, with the goal of discovering one or several new high-grade porphyry centers. 18 prospective target areas have been identified at MPD to date, which will be advanced in 2023. Targets for porphyry related copper-gold mineralization which have been prioritized for drilling include the Man, 1516, South and West zones. Further work is planned at the high-grade gold-silver Beyer discovery, including trenching and shallow drilling. Drilling operations will commence when site conditions permit, and initial work will include relogging of historic core, establishing property access and drill site preparations. A 25-line kilometer 3D Induced Polarization survey and a geochemical survey with 1500 soil samples will advance newer target areas such as Blue, Sky and Eclipse to drill-readiness.

Claudia Tornquist, President and CEO, said, "I am looking forward to embarking on another significant drill and exploration program in 2023 to further unlock the potential of the large, multi-centered porphyry system at MPD. We will replicate the successful approach that led to our initial Gate Zone discovery at several other high-priority drill targets this year, with an aim toward making further high-grade discoveries. I am particularly proud of the many new target areas generated by Kodiak's team through our regional exploration work which highlight the exceptional opportunities at the MPD Project."