Kodiak Exploration Limited

Kodiak Exploration Limited

October 15, 2007 09:37 ET

Charles Beaudry Joins Kodiak Advisory Team: Kodiak Continues Property Assembly at Hercules

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Oct. 15, 2007) - Kodiak Exploration Ltd. (TSX VENTURE:KXL) is pleased to announce that Charles Beaudry, M.Sc., P. Geo. has formalized his longstanding relationship with the Company by joining its advisory team.

Mr. Beaudry's addition to Kodiak's geological team is a significant step towards the realization of Kodiak's corporate strategy - the creation of three independent divisions within Kodiak: a Base Metals Division anchored by the Caribou Lake and Knighthawk Projects, a Gold Division anchored by the Hercules Project and an Energy Division anchored by the UR Project and Kodiak's other uranium prospects in the Otish Basin of Quebec. Mr. Beaudry has extensive knowledge and experience in all of these fields.

With over 28 years in the field, with a particular emphasis on uranium and base metal exploration, Mr. Beaudry has participated in mineral exploration throughout Saskatchewan, Nova Scotia and Quebec. He led the discovery of the Tortigny VMS discovery in Quebec, was part of the discovery team of the Bell Allard deposit in Matagami while working for Noranda/Falconbridge Inc. and led the discovery of the Orenada gold zone near Val d'Or, Quebec while employed with Aur Resources Inc. He has participated in numerous other discoveries and is familiar with greenstone belt gold mineralization as well as uranium and nickel.

As an international expert in base metal exploration and development, Mr. Beaudry managed the Frieda River Project in Papa New Guinea in 2004-2005 and worked throughout Brazil as country manager for Noranda in 1996-2001, establishing a major land position in the Carajas, a world-class, highly competitive mineral district. His international contacts in the mineral exploration business are expected to open the door to an abundance of new opportunities for Kodiak.

Mr. Beaudry obtained his Bachelor of Science in Geology at the University of Ottawa in 1979 and his Masters of Science in Geology from McGill University in 1984. An expert in the metallogeny of VMS and IOCG deposits, and in exploration geochemistry, he acted as Director and Executive Director of the Board of Administration of the Quebec Prospectors Association during the period 1994-1996, as well as serving as session Co-Chairman for Exploration-07: Fifth Decennial International Conference on Mineral Exploration during 2006-2007. Mr. Beaudry lives in Toronto, Ontario.

Kodiak is also pleased to announce that as part of its ongoing land assembly it has acquired an option to purchase a 100% interest in four additional mineral claims in the Leduc and Irwin Townships, Thunder Bay Mining Division, subject to a 3% net smelter returns royalty. Kodiak may exercise the option by making payments totaling $80,000 in cash over a three year period. Kodiak may purchase one-third of the royalty for $500,000 at any time, and may purchase an additional one-third of the royalty for an additional $1,000,000. Kodiak also has a right of first refusal in respect of the remaining one-third of the royalty. The option is subject to acceptance by the TSX Venture Exchange.

Kodiak is a mineral exploration company with significant projects in three different sectors of the mining resource industry. Through regional, grass-roots generative exploration and new geological models the Company has built a portfolio of 100% controlled projects focused on gold, base metals (nickel/copper), and uranium in three different areas of Canada. Maps, photographs, detailed geologic reports and additional information may be viewed on our web site at www.kodiakexp.com.

On behalf of the Board of Directors


William S. Chornobay, Director, President

This release has been prepared by management - TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this news release. This document contains certain forward looking statements which involve known and unknown risks, delays, and uncertainties not under the Company's control which may cause actual results, performance or achievements of the Company to be materially different from the results, performance or expectation implied by these forward looking statements.

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