Kodiak Copper Commences Fully Funded 2026 Drill Programme at MPD Copper-Gold Project in British Columbia

• Kodiak has commenced its fully funded 2026 exploration programme at the 100%-owned MPD copper-gold project in southern British Columbia, with initial core drilling set to begin at the Ketchan deposit, which Kodiak is testing for the first time.
• The 2026 drill programme is planned at approximately 6,500 metres, with scope for expansion, and will run alongside geophysical surveys and geological mapping across the property.
• All seven deposits in the company's 2025 Mineral Resource Estimate have been identified as candidates for expansion, with most expected to receive drill testing during the current field season.
• Kodiak has catalogued a total of 36 prospective exploration targets at MPD, including 16 newly identified targets sourced from recent field work and AI-assisted analysis.
• Three priority undrilled targets, Dillard East, Star, and Tau, are each supported by multiple independent data sets, including soil geochemistry and geophysical anomalies, and have not previously been drill tested.

Kodiak Copper Corp. (TSX-V: KDK | OTCQX: KDKCF | Frankfurt: 5DD1) is a Vancouver-based mineral exploration company focused on advancing copper porphyry projects in Canada and the United States. Its flagship MPD project, situated in the Quesnel Terrane of south-central British Columbia, is located within an established mining region with existing infrastructure. In 2025, Kodiak published its first Mineral Resource Estimate for MPD, outlining seven distinct deposits across the property. All seven deposits remain open for expansion, and the property hosts a growing list of untested targets. The company was founded by Chris Taylor, who is recognised for his role in the discovery at Great Bear Resources, and operates within Discovery Group, led by Canadian mining entrepreneur John Robins.

Commencement of Fully Funded 2026 Exploration Programme at MPD

With the 2026 field season now underway, Kodiak has mobilised at MPD and commenced core drilling at the Ketchan deposit. Although Ketchan is one of the seven deposits included in the 2025 Mineral Resource Estimate, it was defined entirely from historical drill data collected by previous operators, making this season Kodiak's first direct drill testing of the deposit.

The programme also incorporates 3D induced polarisation and audio-magnetotelluric surveys, geophysical methods that detect electrical contrasts underground and are widely used in porphyry copper exploration to map buried mineralisation before drilling begins. Geological mapping and prospecting will run concurrently across both the known deposits and the broader property, supporting target prioritisation as the season advances.

President and CEO Claudia Tornquist commented: 

"We are pleased to commence our 2026 exploration program at MPD, building on the success of last year's maiden resource. Our focus is to expand known deposits and advance a strong pipeline of high-quality targets that offer meaningful discovery potential. With a clear path to resource growth and new discoveries, we believe this program will be a key driver in unlocking further value at MPD."

Deposit Expansion Opportunities Across Seven MRE Deposits

The Ketchan deposit spans approximately 1.4 kilometres across two mineralised lobes. Kodiak's 2025 regional exploration identified a copper-in-soil anomaly, a surface geochemical indicator of buried copper, extending more than two kilometres along strike beyond the current resource boundaries. Historical drill holes from previous operators also intersected mineralisation approximately 400 metres southeast of the current deposit limits, an area Kodiak is now positioned to test directly.

The Adit deposit presents expansion potential primarily to its north and west. Two of Kodiak's own drill holes from 2024 confirmed mineralisation 200 metres beyond the current resource boundary, in an area with very limited prior drilling. One of those holes returned four metres of 0.64% copper and 0.14 grams per tonne gold at the end of the hole before it was lost. The location is also associated with both a copper-in-soil anomaly and a geophysical chargeability signature, making the western extension a priority area for follow-up this season.

At Dillard, the mineralised footprint spans roughly one square kilometre and extends beyond the formally defined deposit. Rock samples from the western side returned copper grades ranging from 0.4% to 0.8%, supported by both soil and geophysical anomalies situated outside the current deposit boundary. Gaps within the deposit itself present additional drilling options, and the company has identified prospective areas to both the east and west as priorities for the current programme.

New Exploration Targets and Discovery Potential at MPD

Beyond the known deposits, Kodiak has identified a total of 36 prospective exploration targets at MPD, after adding 16 new targets from the most recent programme. These include historical showings on recently acquired ground, results from the 2025 regional exploration campaign, and anomalies flagged by VRIFY, an AI-assisted targeting platform. The company plans to advance or drill several of these targets in 2026.

Among the highest-priority new targets are Dillard East and Star, both characterised by large circular copper-in-soil geochemical signatures and significant geophysical anomalies. A two-kilometre northeast-trending geophysical high runs through both target areas, and Kodiak's field teams have collected over 20 prospecting samples from the area grading above 0.3% copper and/or 0.5 grams per tonne gold. Neither target has been previously drilled.

The Tau target is located along the same structural trend as the South deposit, one of the seven deposits in the Mineral Resource Estimate, and is associated with a copper-in-soil anomaly and a coincident AI-generated area of interest from the VRIFY platform. Like Dillard East and Star, it has not been drill tested. Additional geophysical surveying is planned ahead of potential drilling, which the company aims to complete within the current field season.

Conclusion

Having completed its maiden Mineral Resource Estimate across seven deposits in 2025, Kodiak enters this field season with a programme designed to expand that resource base and test new targets across the MPD property. Near-term milestones include initial drill results from Ketchan, progress on Adit and Dillard expansion drilling, and geophysical survey results that will inform drill planning for Dillard East, Star, and Tau. The company's stated goal is to deliver new discoveries and build further critical mass toward establishing MPD as the region's next mine.

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