Kodiak Copper Corp. (TSX-V: KDK) (OTCQB: KDKCF) (Frankfurt: 5DD1) reports further results from the recently completed 2022 drill program of over 26,000 metres at the 100% owned MPD copper-gold porphyry project in southern British Columbia.

Assay results reported herein extend the Prime mineralized envelope from bedrock surface to 780 metres depth, confirm the continuity of mineralization within the Prime and Gate Zones, and demonstrate the potential to expand copper-gold mineralization at depth and outward from Gate.

Claudia Tornquist, President and CEO of Kodiak said,

“These results provide further proof of the extensive mineralized envelope associated with the Gate/Prime porphyry system which continues to grow and show strong continuity of mineralization. With copper prices rallying and long-term fundamental as strong as ever, there couldn’t be a better time to advance a copper porphyry project, particularly one located in a safe jurisdiction and an established mining district with existing infrastructure like Kodiak’s MPD project. Preparations are already under way for another substantial drill program in 2023 which will kick off later in Q1 and test several prospective targets at MPD such as the Dillard, Man, Blue, 1516 and Beyer Zones.”

Figure 1: Plan map showing all Kodiak drilling and new 2022 assay results (yellow trace).  Background is historic copper-in soil data. Porphyry mineralization at Gate has been traced down to 900 m depth, across a width of 350 m (east-west) and over 1 km in length (north-south). The Prime Zone has been drilled down to 780 m depth, across 200 m width (east-west) and over 400 m length (north-south)

Figure 2: Prime Zone north-south long section at 682100mE. See results Table 1 for new drill infill holes MPD-22-014, MPD-22-018 to MPD-22-020, and MPD-22-031

 Table 1: Weighted assay intervals for holes MPD-22-018, MPD-22-019, MPD-22-031, MPD-22-020 and MPD-22-014. See Figures 1 and 2

Figure 3: Drone airborne photo of drilling at the Gate/Prime Zone in Fall 2022

MPD is a large, 147 square kilometre land package located near several operating mines in the southern Quesnel Terrane, British Columbia’s primary copper-gold producing belt. It is situated between the communities of Merritt and Princeton, with year-round accessibility and excellent infrastructure nearby. Following Kodiak’s Gate Zone discovery in 2020, ongoing drill programs in 2021 and 2022 have significantly expanded the size and depth of known mineralization at the Gate Zone to one kilometre of strike length, 350 metres width and 900 metres depth. In addition, the Company has discovered a parallel porphyry trend at the nearby Prime Zone and will be expanding exploration efforts to new copper-gold target areas like Dillard, Man, and 1516 (Axe), plus new high grade gold-silver trends like the Beyer discovery.

QA/QC Procedures

NQ size core was split and sampled over approximately three metre intervals.  All core samples were sent to ALS Canada Ltd.  (ALS) in North Vancouver, BC for preparation and analysis.  ALS meets all requirements of International Standards ISO/IEC 17025:2005 and ISO 9001:2015 for analytical procedures.  Samples were analyzed using ALS’s Fire Assay Fusion method (Au-AA24) with an AA finish for gold and by a 33 or 48 element four acid digest ICP-AES analysis (ME-ICP61 or MS61) with additional analysis for Ore Grade Elements (ME-OG62) and Ore Grade Cu (Cu-OG62).  In addition to ALS Laboratory quality assurance / quality control (QA/QC) protocols, Kodiak implements an internal QA/QC program that includes the insertion of sample blanks, duplicates, and standards in the field.

Jeff Ward, P.Geo, Vice President Exploration and the Qualified Person as defined by National Instrument 43-101, has reviewed, and approved the technical information contained in this release. Kodiak believes historic results referenced to be from reliable sources using industry standards at the time.  However, the Company has not independently verified, or cannot guarantee, the accuracy of this historic information reported herein.

About Kodiak Copper Corp.

Kodiak is focused on its 100% owned copper porphyry projects in Canada and the USA.  The Company’s most advanced asset is the MPD copper-gold porphyry project in the prolific Quesnel Trough in south-central British Columbia, Canada. MPD has all the hallmarks of a large, multi-centered porphyry system. Kodiak has made the Gate Zone discovery of high-grade mineralization within a wide mineralized envelope, and MPD hosts several other targets with similar discovery potential.  Kodiak also holds the Mohave copper-molybdenum-silver porphyry project in Arizona, USA, near the world-class Bagdad mine. Kodiak’s porphyry projects have both been historically drilled and present known mineral discoveries with the potential to hold large-scale deposits.

Kodiak’s founder and Chairman is Chris Taylor who is well-known for his gold discovery success with Great Bear Resources.  Kodiak is also part of Discovery Group led by John Robins, one of the most successful mining entrepreneurs in Canada.