Kodiak Exploration Limited

Kodiak Exploration Limited

July 07, 2009 10:15 ET

Kodiak Appoints New President, Chief Operating Officer

VANCOUVER, BRITISH COLUMBIA--(Marketwire - July 7, 2009) - Kodiak Exploration Limited (TSX VENTURE:KXL)(FRANKFURT:KX3) is pleased to report that it has appointed Brian J. Maher President and Chief Operating Officer of the Company. Mr. Maher, who has been the Company's Vice-President, Exploration for the past two years, will report directly to the Board of Directors and will oversee all aspects of the company's operations. Accordingly, Mr. Robert J. Harrington has stepped down as Interim Managing Director and will continue as a valued member of the Board of Directors. The Board thanks Mr. Harrington for his leadership during this management transition.

Mr. Brian J. Maher is an economic geologist with over 30 years of experience in mineral exploration, mine development, underground mine production and the financial analysis of acquisition opportunities. Mr. Maher received his BA degree in 1980 from the California State University, Chico and his MSc degree (Economic Geology) from the Colorado Sate University in 1983. Throughout his career Mr. Maher has worked for Junior and Major mining companies including Hochschild Mining, Metallic Ventures Gold, Aur Resources, ASARCO Inc. and Homestake Mining. Mr. Maher will be based in Kodiak's Vancouver office.

Mr. Maher will focus on executing a three point strategic plan to usher in a new era of growth for the company: traditional exploration at the Company's gold and uranium projects, moving the Hercules gold project down the pathway toward development and seeking new assets which compliment the existing project portfolio and provide upside for rapid growth. The company has initiated a 15,000 metre diamond drilling program that includes additional drilling at Hercules and drill testing regional targets on its extensive Beardmore-Geraldton land package. Results will be released as assays are received. Planning is underway at the West Millennium uranium project in the Athabasca basin for a second phase of diamond drilling as a follow-up to the successful 2009 winter drilling program. Field work is also planned for the Company's newly acquired Mines Point gold project in northern Manitoba.

Geological information for the Company's gold projects 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. For the Energy Division, geological information has been reviewed and approved by Keith Metcalfe, Chief Geologist-Energy Division, who is a qualified person under the definitions established by National Instrument 43-101.

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

On behalf of the Board of Directors


Michael E. J. Phelps, Chairman of the Board of Directors

This release may contain forward-looking statements or statements that relate to current or future activities which involve known and unknown risks and uncertainties. Actual events, performance or results may 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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