Kodiak Copper Provides Updates for Investors After a Year of Discovery

• About Kodiak Copper: The company is an exploration company focused on copper projects in North America. Their primary project is called MPD in southern British Columbia, where they've made a high-grade discovery at the Gate Zone. The company is associated with the Discovery Group and chaired by Chris Taylor of Great Bear fame.
• Recent Highlights: Over the past year, Kodiak successfully drilled the Gate Zone, raised further finance, and is now executing a 25,000-meter drill program. They've started at the West Zone, published some pleasing results in July, and have more results expected throughout Autumn and Winter.
• Copper Trends: The demand for copper is set to rise due to its extensive use in technologies supporting the energy transition, such as electric vehicles and renewable energy sources. There's been a lack of significant copper discoveries over the past decade, leading to strong demand and limited supply, positioning Kodiak favorably in the market.
• Future Outlook: Kodiak is fully financed and is focusing on drilling multiple targets with the potential for new discoveries. They aim to provide market updates on their results in the coming weeks and months.

Kodiak Copper Corp. (TSX-V: KDK, OTCQB: KDKCF) has made significant progress over the past year, setting the stage for further discoveries and growth at its MPD copper-gold porphyry project in British Columbia, Canada.

Highlights Over the Past Year

President and CEO Claudia Tornquist outlines several highlights from the previous 12 months:

• Drilled out the high-grade Gate Zone discovery at MPD, the company's flagship asset. Assay results included intersections of 282 m of 0.70% copper equivalent.
• Raised additional financing in Spring 2023 and is now fully funded with a treasury of C$10 million as of July 2022.
• Commenced a fully funded 2023 drill program with 25,000 m of drilling planned. Four to five priority targets will be tested.
• Released first results from the West Zone target in July, which included 120 m of 0.88% copper equivalent. Two drill rigs are currently following up.
• Started drilling the new Man target and anticipates steady news flow of results over the coming months.

Copper Market Fundamentals Remain Strong

Kodiak stands to benefit from surging long-term demand for copper driven by decarbonization and electrification. Copper is a critical component of renewable energy systems, electric vehicles, charging infrastructure, and energy storage. However, new copper discoveries have been scarce over the past decade. With few new major projects on the horizon, a structural supply deficit is expected within the next few years. This creates an ideal situation for explorers like Kodiak to find and develop new sources of copper production.

Upcoming Growth Drivers

According to Tornquist, Kodiak's growth in 2023-2024 will be driven by exploration results from its fully funded 25,000 m drill program. With a treasury of C$8 million, the company can continue to aggressively explore multiple targets at MPD without any financing overhang.

The recent results at the West Zone demonstrate the significant potential across the MPD property. Kodiak will be reporting new drill results from West, Man, and other targets over the coming weeks and months. Additional high-grade discoveries could quickly re-rate Kodiak's valuation.

MPD is a consolidated land package comprising 147 km2 located near several operating mines in the southern Quesnel Trough, British Columbia's primary copper-producing belt. The project is accessible year-round by highway and logging roads.

Kodiak has identified several porphyry centers across a 5 km2 area within a larger 25 km2 multigenerational mineralized corridor. The Gate Zone discovery in 2019 demonstrated the potential for high-grades at MPD. Ongoing drilling is focused on new near-surface discoveries that could significantly expand the project's resource potential.

Latest Drill Results from West Zone

On July 27, 2023, Kodiak reported results from the first four holes drilled at West Zone, located 2 km from Gate. Highlights included:

• 120 m of 0.88% copper equivalent (CuEq), including 45.7 m of 1.41% CuEq in hole MPD-22-029
• 134 m of 0.68% CuEq including 75.4 m of 0.80% CuEq in hole MPD-22-030

These long intercepts of high-grade near-surface mineralization point to a significant discovery. Notably, all four holes ended in mineralization, with the system remaining open in multiple directions.

Kodiak interprets the results as a possible extension of the Gate Zone, with similarities in geological settings and geophysical anomalies. Two drill rigs continue to follow up on these results and will also test coincident soil and geophysical targets.

The Man Copper-Gold Porphyry Target

Kodiak commenced drilling at the new Man target, located 800 m south of Gate. The drilling will test a one km2 copper-in-soil anomaly, copper-gold mineralization at the surface, and an associated magnetic anomaly.

Although early-stage, Man demonstrates similar geological and geophysical features to Gate Zone prior to its discovery hole in 2019. Kodiak sees excellent potential for another high-grade porphyry center in this zone.

Upcoming Catalysts

Investors in Kodiak Copper can expect a steady stream of news flow over the coming months:

• Additional drill results from West Zone and newly identified extensions
• Initial drill results from the high-potential Man target
• Drill testing of new regional targets across the MPD property
• Potential expansion of the Gate Zone

With a treasury of C$10 million, Kodiak has the finances to maintain an aggressive exploration program. As new discoveries are made, Kodiak offers significant upside and leverage to rising copper prices.

The 2023 Precious Metals Summit in Colorado will showcase Kodiak's progress and plans to lead institutional investors in the mining space. With copper demand set to surge and supply lacking, Kodiak is well-positioned to create value for shareholders through new discoveries at its MPD copper-gold project.

Investment Thesis for Kodiak Copper

Strong Copper Market Fundamentals - Demand for copper is expected to surge due to electrification and renewable energy targets. Supply is constrained with few new major projects on the horizon. This supply/demand imbalance supports higher copper prices.

High-Grade Discovery at MPD - Kodiak has already made a significant high-grade copper-gold discovery at its MPD project in British Columbia. Additional discoveries could quickly re-rate the value of the company.

Fully Funded for Aggressive Exploration - With a treasury of C$10 million, Kodiak is fully financed to execute its 25,000 m drill program across multiple targets in 2023. New results will drive growth.

Experienced Leadership Team - Kodiak is chaired by Chris Taylor, co-founder of Great Bear Resources. Its technical advisory board includes renowned porphyry experts like John Williamson.

Undervalued Compared to Peers - With a market cap of around C$60 million, Kodiak trades at a steep discount compared to exploration peers. New discoveries could rapidly close this valuation gap.

Near-Term Catalysts - Investors can expect a steady stream of exploration results over the coming year as Kodiak's drilling generates news flow. These catalysts could propel the stock higher.

Leverage to Copper Price - If Kodiak makes additional high-grade discoveries, it will provide leverage to the upside in the copper price.

Upside from New Discoveries - Each new discovery has the potential to dramatically increase Kodiak's resources and valuations. Investors get exposure to this substantial upside.

Kodiak Copper offers an attractive risk/reward opportunity for investors betting on rising copper demand and prices, and is positioned for significant resource growth through new discoveries.