Kodiak Copper Corp. reports results from this year's drill program at its 100% owned MPD copper-gold porphyry project in southern British Columbia. Highlights: Kodiak's first two drill holes at the South Zone have significantly extended porphyry mineralization and linked historic shallow copper at the South and Mid Zones with a near continuous mineralized intercept in new drilling.

Drill hole AXE-23-014 at the South Zone intersected 0.32% CuEq over 234 metres from bedrock surface, within a broader zone of 0.17% CuEq over 1053 metres, extending from 9 to 1062 metres downhole. Holes AXE-23-012 and 014 confirmed copper mineralization along 900 metres of strike and from surface to over 775 metres depth. Porphyry mineralization at the South Zone correlates well with a 2.3 kilometre long north- trending copper-in-soil anomaly downslope to the east and chargeability responses from historic 3D Induced Polarization (3D IP) surveying along trend.

Kodiak's South Zone drilling, combined with historic soil geochemistry and 3D IP, suggests that the South, Mid and Adit Zones may be part of a much larger system that comprises all three zones. Kodiak's 2023 exploration program is now complete. 18,562 metres in 33 holes were drilled and the Company will provide further results from drilling as well as from 3D IP, soil sampling and prospecting over the upcoming months.

South Zone Drill Results: Hole AXE-23-014 was drilled northward from the South Zone and below shallow historic holes that make up the Mid Zone. The hole intersected 0.31% Cu, 0.09 g/t Au and 1.23 g/t Ag (0.32% CuEq) over 234 metres. This intercept is within a broader envelope of 0.17% Cu, 0.05 g/t Au and 0.80 g/t Ag (0.17% CuEq) over 1053 metres, which links both the South and Mid Zones from bedrock at 9 metres to 1062 metres downhole.

Hole AXE-23-012 was drilled to the southeast, along the flank of a magnetic anomaly and below a large copper in soil response to the east. The hole intersected 0.24% Cu, 0.07 g/t Au and 1.49 g/t Ag (025% CuEq) over 45 metres within a broader envelope of 0.15% Cu, 0.04 g/t Au and 0.85 g/t Ag (0.16% CuEq) over 813 metres. Both holes are interpreted to be within the broad envelope of a much larger north-south trending system linking the South, Mid and Adit Zones, confirmed by the 2.3-kilometre-long copper in soil anomaly downslope to the east.