Kodiak Copper Ramping Up Drilling at Flagship MPD Copper Project in BC

• Kodiak Copper is a copper exploration company focused on North America, with its main project, the MPD in southern British Columbia. They made a significant discovery, the Gate Zone, in 2019.
• The MPD has 18 target areas, of which they plan to test at least four or five this year. Previous explorations at the Gate Zone reached depths of up to 900 meters, revealing higher grades of mineralization.
• A new target, the Man Zone, has been identified with an anomaly stretching down to 600 meters. Historical drilling in the area averaged around 120 meters in depth.
• Drilling will commence in March, lasting till December, with the potential of using up to three rigs. A smaller rig may be introduced to explore a high-grade gold-silver Zone discovered the previous year.
• The company is financially stable with C$6 million in the treasury.

Kodiak Copper Corp (TSX-V: KDK) is gearing up for an extensive drill program in 2023 at its 100% owned MPD copper-gold porphyry project in southern British Columbia. The company has outlined 18 high-priority drill targets and plans to test 4-5 of them this year. Kodiak made a major copper-gold discovery at MPD’s Gate zone in 2019 and has expanded it significantly through follow-up drilling over the past two years. With multiple look-alike targets across this large land package, Kodiak is confident that additional big discoveries are in the cards in 2023.

Why Invest in Kodiak Copper?

• Proven management - Kodiak Copper is led by mining entrepreneur Chris Taylor who has a track record of success with past ventures. As founder of Great Bear Resources, Taylor helped unlock the potential of the Dixie gold project in Ontario, generating superb shareholder returns.
• Prime jurisdiction - British Columbia is one of the world's top mining districts, with excellent infrastructure. MPD has access to grid hydroelectric power, highways, rail, and deep sea ports.
• Major discovery at Gate - In 2019 Kodiak drilled the discovery hole at the Gate zone, intersecting 282 metres of 0.70% copper and 0.49 g/t gold. Follow-up drilling has traced strong mineralization over a 1km strike length and to 900m depth. Still open in multiple directions.
• Large drill target portfolio - The 147 sq km MPD project hosts multiple untested porphyry targets in a prolific B.C. copper belt. Kodiak has only scratched the surface of this district-scale opportunity.
• Well funded for aggressive 2023 program - With C$6 million in the treasury, Kodiak is fully financed for its upcoming drill campaign. More big discoveries could light a fire under this stock.

18 High-Priority Targets to Test at MPD

The MPD project contains 18 underexplored porphyry targets defined by past work and Kodiak’s own geophysical, geochemical and geological surveys. Standouts include the Man, Dillard, Gate, Prime and Axe zones. Kodiak’s systematic exploration approach has already paid dividends at Gate, where drilling below shallow historic holes hit a major new copper-gold zone. The company will employ the same strategy across MPD’s target portfolio in 2023.

Drilling 24/7 From March to December

Kodiak Copper plans to mobilize 1-3 drill rigs starting in March to test high-potential copper-gold targets over a 9-month drill program. An estimated 4,000-12,000 metres of drilling is budgeted. The initial focus will be on the historic Man zone where Kodiak has detected a large anomaly extending to 600m depth, below previous shallow drilling. The Man target presents an intriguing analogue to Gate where early deep drilling by Kodiak intersected significantly higher grades than holes drilled in the 1990s.

Building on Exploration Success To Date

Since acquiring MPD in 2019, Kodiak Copper has drilled over 30,000 metres in 97 holes focused mainly on the Gate discovery. Mineralization has been traced over 1 km in strike length, 350m in width and down to 900m depth. It remains open to extension. In addition, high-grade gold-silver mineralization was uncovered last year in trenching at the new Prime zone. Kodiak’s systematic approach to exploration has clearly demonstrated the potential of MPD to host multiple major discoveries.

Potential to Grow Into a District-Scale Opportunity

According to CEO Claudia Tornquist, "MPD is a multi-centered porphyry system with multiple copper-gold enriched intrusions.” The 18 targets identified to date likely represent just a fraction of the ultimate endowment. As drilling progresses, there is strong potential for MPD to emerge as a district-scale porphyry center rivaling the likes of Imperial Metals' Huckleberry Mine and Centerra Gold’s Mt. Milligan operation.

Fully Financed for Discovery Drilling

A recently completed $3 million financing leaves Kodiak Copper well-funded with around $6 million in the treasury. This provides enough capital to complete the entire 2023 drill program. As results flow and new discoveries are made, Kodiak is in a strong position to raise additional funds for more aggressive exploration. After the Gate zone discovery, shares rallied over 500% at the peak. Further big discoveries in 2023 could ignite the next bull run.

With multiple untested targets, clear exploration upside and proven management, Kodiak Copper presents a compelling speculation for copper and gold investors. The current drill program has strong potential to significantly re-rate this C$20 million junior explorer. Kodiak is gearing up in 2023 to make waves in B.C.'s porphyry copper-gold country.

The Investment Thesis for Kodiak Copper

Major Discovery PotentialThe main allure is the potential for major new discoveries at MPD's multiple untested targets. The Gate zone discovery proves the significant endowment and upside at MPD. Additional big finds could transform Kodiak into a leading copper developer.

Location

MPD is situated in mining-friendly British Columbia with excellent infrastructure. This prime jurisdiction reduces exploration and development risk versus more remote regions.

Proven Management

CEO Claudia Tornquist and Chairman Chris Taylor have track records of success. Their technical and capital markets expertise improves the odds of exploration success and generating shareholder value.

Undervalued Compared to Peers

With a market cap around C$20 million, Kodiak appears undervalued relative to exploration peers. The current valuation does not reflect MPD's large-scale potential. New discoveries could re-rate Kodiak significantly higher.

Potential Acquisition Target‍

Possible Company to AcquireIn success, Kodiak could attract takeover interest from a major copper producer looking to bolster development pipelines. British Columbia porphyry deposits command premium buyout valuations.

Significant News Flow In 2023

The extensive drill program will provide a steady stream of exploration news flow this year. New drill results could provide catalysts for share price appreciation over the coming months.

Kodiak Copper offers investors upside potential through new discoveries, organic growth, and M&A possibilities. The risk-reward profile is attractive for speculative investors. MPD's vast untapped potential makes Kodiak a junior explorer to watch closely in 2023.