Kodiak Exploration Limited
TSX VENTURE : KXL
FRANKFURT : KX3

Kodiak Exploration Limited

December 31, 2010 18:49 ET

Kodiak Changes Name to Prodigy Gold Incorporated

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Dec. 31, 2010) - Kodiak Exploration Limited (TSX VENTURE:KXL)(FRANKFURT:KX3) (the "Company") is pleased to announce that effective today at 1:15 PM PST, pursuant to a resolution passed by Directors, the Company has changed its name to Prodigy Gold Inc. The common shares of the Company will trade on the TSX Venture Exchange under the symbol "PDG". The Company will commence trading under the new name and symbol at the market open on Tuesday, January 4, 2011. There is no consolidation of capital and no exchange of shares is required.

On behalf of the Board of Directors

Brian J. Maher, President and Chief Executive Officer

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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