Kodiak Copper Outlines 2026 Drill Programme Targeting Resource Growth and New Discoveries at MPD

• The 2026 exploration programme is planned to commence in April and includes a 6,500-metre drill programme with scope for expansion as results progress.
• All seven deposits within the initial Mineral Resource Estimate have been identified for expansion drilling, with the programme beginning at the Ketchan deposit.
• The programme will be complemented by geophysical surveys, soil sampling, prospecting, and geological mapping.
• Sixteen new exploration targets have been identified at MPD, bringing the total number of prospective targets on the property to 36.
• Priority targets for potential new discoveries in 2026 include Dillard East, Star, and Tau, none of which have been previously drilled by Kodiak.

Kodiak Copper Corp. (TSX-V: KDK | OTCQX: KDKCF | Frankfurt: 5DD1) is a Canada-based mineral exploration company focused on advancing copper porphyry projects in Canada and the United States. Its flagship asset is the MPD copper-gold project, a 100% owned property located in the Quesnel Terrane of south-central British Columbia, an established mining region with producing mines and excellent infrastructure. In 2025, the company published an initial Mineral Resource Estimate at MPD outlining seven deposits across the property. Kodiak was founded by Chris Taylor, known for his gold discovery success with Great Bear Resources, and is part of the Discovery Group led by John Robins, one of the most successful mining entrepreneurs in Canada. The company's stated goal is to deliver new discoveries and build further critical mass toward establishing MPD as the region's next mine.

2026 Exploration Programme and Resource Growth Strategy

Kodiak's 2026 exploration programme at MPD is planned to begin in April, with a drill programme totalling 6,500 metres. Drilling will address two objectives: expanding the existing MRE across the seven known deposits, and testing new targets with the potential for further discoveries. Drill metre allocation will be guided and refined based on ongoing results, with scope to expand the programme as the season progresses.

In addition to drilling, the programme will include geophysical surveys, soil sampling, prospecting, and geological mapping. Geophysical surveys in this context include 3D Induced Polarisation (3D-IP), a technique that detects underground electrical properties associated with sulphide minerals that commonly host copper and gold. These activities run alongside drilling to better define mineralisation and inform target selection.

Claudia Tornquist, President and CEO of Kodiak, said: 

"We are looking forward to the start of our 2026 exploration program at MPD. Building on the success of previous campaigns, we see substantial upside across several of our deposits and the opportunity to meaningfully expand our maiden Resource. At the same time, we are excited about the numerous high-quality targets across the project that remain untested and offer compelling discovery potential. With a clear path to both resource growth and new discoveries, we are well positioned to unlock significant value as we execute on this highly impactful exploration program with the aim to meaningfully grow the scale of the project."

Deposit Expansion Potential at the MPD Project

Expansion opportunities have been identified at all seven deposits included in the initial MRE. Known mineralisation in several areas extends beyond current resource boundaries, and gaps within the deposit models also present opportunities for infill drilling. Most of the seven deposits are expected to be drilled during 2026, with the Ketchan, Adit, and Dillard deposits highlighted in detail.

The Ketchan deposit spans approximately 1.4 kilometres across two connected zones and will be drilled by Kodiak for the first time in 2026. Mineralisation was recorded in historical holes beyond the current MRE limits, but insufficient drill spacing prevented those results from being formally included in the estimate. Regional exploration conducted in 2025 identified a copper-in-soil anomaly, referring to elevated copper concentrations in surface soils that can indicate mineralisation below ground, extending more than two kilometres along strike beyond the current MRE boundary. Historical drilling approximately 400 metres southeast of the current deposit also intersected substantial mineralisation, representing a priority area for follow-up in 2026.

At the Adit deposit, two Kodiak drill holes have already intersected mineralisation 200 metres north of the current MRE boundary, an area with limited previous drill testing. 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. A coincident copper-in-soil and 3D-IP chargeability anomaly extending 400 metres north of the deposit has been identified as a further priority area. At the Dillard deposit, rock samples on the western side of the current boundary have returned copper values between 0.4% and 0.8%, associated with copper-in-soil and chargeability anomalies located outside the current deposit edge.

New Exploration Targets and Discovery Potential

A total of 16 new exploration targets have been identified at MPD since its last update, bringing the total number of prospective targets across the property to 36. The new targets were identified through soil geochemistry, rock sampling, the 2025 regional exploration programme, historical records from recently acquired claims, and Areas of Interest generated by VRIFY's artificial intelligence (AI) assisted targeting system. AI-assisted targeting involves the analysis of multiple geological datasets to identify areas with characteristics similar to known mineral deposits. Kodiak plans to advance or drill several of these targets in 2026, including Dillard East, Star, and Tau.

The Dillard East and Star targets are each characterised by large, circular copper-in-soil anomalies and significant 3D-IP chargeability responses. A two-kilometre-long northeast-trending chargeability feature transects both target areas, and at least 20 rock samples collected by Kodiak from these zones have returned values above 0.3% copper or 0.5 grams per tonne gold. A second, one-kilometre-long 3D-IP response is also present on the southeast flank of the Dillard East target. Neither area has been previously drilled by Kodiak.

The Tau target is located along the same geological trend as the existing South deposit and is associated with a copper-in-soil anomaly in an area of limited surface outcrop. A prominent Area of Interest from VRIFY's AI targeting system is coincident with the Tau soil anomaly. Further geophysical work is planned at Tau ahead of drilling in 2026, and the target has not been previously drill tested.

Outlook

Kodiak's 2026 field season is scheduled to begin in April with drilling at the Ketchan deposit. The company plans to drill most of the seven MRE deposits during the year, with allocation adjusted based on ongoing results. In addition to deposit expansion, Kodiak intends to advance or drill several of its new exploration targets, including Dillard East, Star, and Tau. The company's stated objective for the programme is to grow the scale of the MPD project through both resource expansion and new discovery.

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