Kodiak Exploration Limited

Kodiak Exploration Limited

October 11, 2007 12:51 ET

Kodiak Airborne Survey Identifies Large Intense Radiometric Anomaly as Targeted Source to a Radioactive Boulder Train on Otish Uranium Property

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Oct. 11, 2007) - Kodiak Exploration Limited (TSX VENTURE:KXL) is pleased to announce that the first data received from its aerial survey has identified a very large radioactive anomaly up-ice from a large radioactive boulder train at its UR property in the Otish Basin of Quebec. The previously reported boulder train measures approximately 3 kilometres by 2 kilometres and consists of highly radioactive boulders grading up to 4.1% U3O8. The intense radiometric anomaly recorded by the airborne survey measures 2 kilometres by 6 kilometres in area and is believed to be the source of the boulder train.

The anomaly has consistent values of 2000 to 3,500 cps and is associated with a north-south trending structure identified in magnetic data, with an orientation and setting similar to Strateco's high-grade Matoush structure which returned drill intercepts of 2.13% U3O8 over 15.2 metres. Kodiak's aerial survey has been completed on less than 10 percent of its 105,000 acre Otish Basin land holdings and is ongoing. Further results are expected shortly. The 100% controlled UR property was acquired by Kodiak following an intensive data compilation program that resulted in the staking of the UR property and nine other geologically prospective uranium targets in the Otish Basin area.

Robert J. Harrington, a Kodiak director with considerable experience in uranium comments: "Kodiak is very encouraged by the size and intensity of the radiometric anomaly and the similarity of the UR claim group geology to basement-unconformity type uranium deposits of the Athabasca basin. We are excited about mobilizing field crews to investigate the anomaly and look forward to the results of the field work." These positive first results from the radiometric survey significantly enhance the company's previously announced strategic plan to grow assets within its Uranium Division.

Exploration conducted on the UR claim block during the 1970s by Uranerz identified more than 100 radioactive boulders within a 3 kilometre by 2 kilometre fan, but did not identify the source of the boulders. Referencing government reports filed by Uranerz led to the staking of the UR property. The 100 angular boulders returned uranium values ranging from 0.12% U308 to 4.13% U308. Kodiak's exploration program at UR has focused on finding the source of the radioactive boulders. Since the boulders were deposited at their current locations by glacial ice flows, they form a fan pattern which allows the company to follow them "up-ice" to a potential source.

The new radiometric and magnetic data obtained by Kodiak verifies the UR project's significant exploration potential and identifies a structural target that may be the source of the boulder train. Accordingly, Kodiak is currently mobilizing a field crew well seasoned in uranium exploration to ground truth the anomaly, concentrating on the area where the source of the large radiometric anomaly is indicated. To see attached map please click on the following link: www.kodiakexp.com/_resources/URcompilation.pdf.

Hercules update: The Company expects to receive assay results for additional drill core containing visible gold in the immediate future, and will release results when they are available. The Hercules property remains the principal focus of the company's current exploration efforts.

The information contained in this news release has been reviewed and approved by Robert B. Hawkins, Kodiak's Chief Geologist, who is a qualified person under the definitions established by National Instrument 43-101.

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. 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.

TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this news release.

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