Kodiak Exploration Limited

Kodiak Exploration Limited

September 14, 2009 12:37 ET

Kodiak Drills High Grade Gold at West Geraldton and Brenbar

Resumes Delineation Drilling at Hercules

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Sept. 14, 2009) - Kodiak Exploration Limited (TSX VENTURE:KXL)(FRANKFURT:KX3) is pleased to report the first drill results from its regional exploration program in the Beardmore-Geraldton gold camp in western Ontario. Kodiak's 2009 summer regional exploration program was designed with two specific objectives: first, to further delineate the strike and depth extents of the known zones of high grade mineralization on the Golden Mile and related vein structures at the Hercules project; second, to identify new high grade gold prospects on other Kodiak projects in the Beardmore-Geraldton gold camp that will augment and enhance our Golden Mile discovery. The results to date confirm that the Beardmore-Geraldton gold camp has the potential to yield multiple new gold discoveries analogous to the largest and most productive gold districts in Canada.

Drilling at the West Geraldton project, approximately 10 km west of the town of Geraldton, has intersected gold mineralization grading 82.5 gpt gold (2.4 opt) over 2.1 metres, including 208.8 gpt gold (6.1 opt) over 0.8 metres in drill hole WG09-18. The target area lies on the Portage Shear, a regional structure that extends westerly from the main Geraldton district where Premier Gold Mines has reported encouraging drill results from their Hardrock Joint Venture with Roxmark Mines Ltd. Kodiak began exploring West Geraldton last year, and previously announced results include channel sample WG-04 (0.8 metre grading 31.0 gpt gold (0.90 opt)) and drill hole WG08-06 (1.4 metres grading 12.4 gpt gold (0.36 opt)). Detailed structural mapping of the project area and geologic modeling led to the discovery of this new, very high grade area. Geologically, the Portage Shear hosts gold mineralization similar to that seen at the Little Long Lac Mine and parts of the Hardrock Mine in the main Geraldton district, site of over 3M ounces of recorded gold production. The success of initial drilling at the Portage Shear target validates our regional exploration model and continues to expand the resource potential of our land holdings in the Beardmore-Geraldton gold camp. Additional exploration and drilling is planned to follow up this important drill intercept.

At the Brenbar project, located approximately 13 kilometres southwest of the Golden Mile, recent drilling intersected high grade gold mineralization associated with another large district-scale shear zone: Drill hole BB09-01 intersected 1.7 metres grading 10.35 gpt gold (0.30 opt) including 0.5 metres grading 32 gpt gold (0.93 opt). Additional drilling will begin shortly. The proximity of this high grade gold zone to the Golden Mile and Hercules project underscores the significance of this intercept: Discovery of a gold resource at Brenbar would compliment and enhance the economic potential of the Hercules project.

Anomalous gold mineralization was also intersected at Kodiak's Wildgoose project (0.3 metres grading 30.3 gpt gold (0.88 opt)). Wildgoose is located south of our West Geraldton project, on a structural trend extending from the main Geraldton district. Additional work is planned for this area as well. Maps, all drill results and additional data from all three projects are posted on our web site: www.kodiakexp.com.

Kodiak's summer drill program initially focused on regional projects, in order to fully evaluate those projects before significant option payments had to be made. Now that the requisite regional drilling has been completed, drilling has focused on the Golden Mile and other vein structures at Hercules. Drilling currently under way on the Golden Mile includes deep drilling and wedge holes off previous deep holes, as well as drilling to test for shallower extensions of known gold mineralized shoots. Drilling will also occur on promising new veins discovered this year within the Golden Mile structural corridor. In order to accomplish all the planned drilling, we will soon have three drill rigs turning, executing both the regional plan and completing delineation drilling at Hercules. We expect to complete an additional 8 to 9,000 metres of drilling this fall.

Kodiak QA/QC procedures are as follows: Kodiak channel samples are 5 cm wide cut perpendicular to the strike of the vein and/or shear zone from mapped alteration in the footwall continuously through the vein and/or shear zone and into mapped alteration in the hanging wall. Channels are cut with a motorized circular saw to a depth of 20 cm and removed with a hammer. Channel sample spacing is nominally every 20m along strike, dependent on outcrop size and geometry. Sample intervals are selected according to geologic contacts and visible mineralization, placed into a sample bag, and shipped to the assay lab for quantitative analysis of select elements. Kodiak drill cores are split down the center with a typical table feed circular rock saw. Sample intervals are selected according to geologic contacts, visible mineralization, and alteration, placed into sample bags and shipped to the assay lab where they are quantitatively analyzed for select elements. Drill cores are boxed, covered, and sealed at the drill rig and moved to the Kodiak logging and sample preparation facilities by Kodiak personnel. Kodiak angle core holes are directed perpendicular to the mapped dip of the vein therefore reported drill hole intercepts approximate true thickness of the vein. All Kodiak samples are currently being assayed by Activation Laboratories Ltd., Ancaster, ON L9G 4V5 and TSL Laboratories Inc., Saskatoon, SK S7K 6A4. Blank and standard samples are routinely submitted with all sample batches sent to the lab for assay. Screened metallic assays are routinely run on all anomalous gold results as a check on nugget effects. Samples are routinely sent to other labs for additional checks.

The geological information for the Hercules Project and the Beardmore-Geraldton regional exploration project 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.

On behalf of the Board of Directors

Brian J. Maher, President and Chief Operating 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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