KODIAK EXPLORATION LIMITED

Kodiak Exploration reported the first drill results from its regional exploration program in the Beardmore-Geraldton gold camp in western Ontario. Drilling at the West Geraldton project, approximately 10 km west of the town of Geraldton, has intersected gold mineralization grading 82.5 g/t gold over 2.1m, including 208.8 g/t gold over 0.8m in drill hole WG09-18. The target area lies on the Portage Shear, a regional structure that extends westerly from the main Geraldton district. 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 1.7m grading 10.35 g/t gold including 0.5m grading 32 g/t gold.