HERCULES (KODIAK)

Kodiak Exploration Ltd. provide an update on its regional gold exploration program in the Beardmore-Geraldton gold belt in northern Ontario, Canada. At the Hercules project, recent infill drilling designed to expand the known gold resource has intercepted gold mineralization on the Lucky Strike vein system including 2.6 m grading 13.4 g/t gold between from 46.8 m in drill hole HR10-452. Also, detailed rock grab and channel sampling at Brenbar has returned gold grades ranging from 0 to 163 g/t.

Kodiak Exploration announced the results of the initial mineral resource estimation for the Hercules project, located in western Ontario, Canada. Total uncapped Indicated gold resources at the Hercules project at a 1g/t gold cut off are 231,800 tonnes grading 14.95g/t gold containing 111,450 oz gold and Inferred gold resources of 761,300 tonnes at 4.13g/t gold containing 101,050 oz gold.

Kodiak Exploration Limited announce the completion of its 2009 drilling program at its flagship Hercules project in the Beardmore-Geraldton gold camp of western Ontario, Canada. Kodiak’s 2009 exploration program, totaling 76 drill holes and approximately 17,100 metres of diamond drilling, was designed to complete the drill hole database and provide the basis for a 43-101 compliant resource estimate for the project. Highlights from the drilling include in-fill drill hole HR09-369 which cut 1.0 metre grading 34.65 gpt gold (1.01 opt Au; 39.7-40.7m) including 0.3metre grading 112.0 gpt gold (3.27 opt Au) in the Golden Mile vein system. On the Bobby Ore, highlights include drill hole HR-367 which cut 1.5 metres grading 7.01 gpt gold (0.20 opt Au; 37.4-38.9m) including 0.3 metre grading 34.1 gpt gold (1.00 opt Au) and drill hole HR09-379 which cut 1.1 metres grading 9.26 gpt gold (0.27 opt Au; 188.3-189.4m).