Kodiak Exploration Limited

Kodiak Exploration Limited

May 08, 2009 17:30 ET

Kodiak Announces Retirement

VANCOUVER, BRITISH COLUMBIA--(Marketwire - May 8, 2009) - Kodiak Exploration Limited (TSX VENTURE:KXL)(FRANKFURT:KX3) reports that Bill Chornobay has stepped down as President, Chief Operating Officer and a director of the Company. Bill has played a key role in building Kodiak and will continue his association with the Company as a Senior Advisor to the Board. The Board would like to thank Bill for his extraordinary commitment over the past 13 years.

As previously announced, the Company recently entered a new phase of advanced exploration at its flagship Hercules project and continues to aggressively explore its land holdings in the Beardmore-Geraldton gold camp and at other projects throughout Canada. Day to day operations are now being handled by professional geologists with experience in resource development, underground mining and mineral economics under the direction of Brian Maher, Vice President - Exploration. Robert Harrington continues as Managing Director.

Kodiak is a well financed mineral exploration company with properties located in Canada. Maps, photographs, geological details and additional information may be reviewed on its web site at www.kodiakexp.com.

On behalf of the Board of Directors


Michael Phelps, Chairman of the Board

This release may contain forward-looking statements or statements that relate to programs that involve a number of risks and uncertainties. Actual events or results could differ materially from the Company's expectations and projections.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

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