Vancouver, British Columbia–(Newsfile Corp. – January 5, 2021) –

Expensive Fellow Investor:

2020 was certainly our Yr of Discovery!

Kodiak Copper (TSXV: KDK) had a really momentous and transformational 2020. We reported our first outcomes from a discovery at what could possibly be a world-class copper-gold porphyry system on the MPD challenge, raised nearly $18 million and attracted a big, revered trade participant as a big shareholder, all leading to a manyfold improve in our share value and valuation. I’m excited to report that 2021 is shaping as much as be an equally thrilling 12 months however would first like to increase a heartfelt thanks to Kodiak’s devoted group, our shareholders, supporters and native First Nations who all contributed to our firm’s success.

You may say that our small preliminary drill program on the MPD copper gold porphyry challenge in Southern British Columbia met with success proper ‘out of the Gate’. In January, Kodiak was in a position to announce outcomes from a brand new discovery at what we coined the Gate Zone. The invention gap was mineralized from bedrock floor to over 800 metres in depth, with intervals having grades akin to the mined grades at neighbouring copper mines. This was the primary sniff that there was potential to be unlocked under the shallow historic drilling at MPD, a validation of the strategy taken by our exploration group led by Kodiak’s Chairman and Founder, Chris Taylor.

Our Gate Zone discovery was adopted by a reputation change in March to Kodiak Copper to mirror the corporate’s new give attention to the purple steel. After closing a $2.8 million non-public placement and a share consolidation we got down to comply with up on our early exploration success.

Drilling on the Gate Zone recommenced in summer time and regardless of the worldwide pandemic, we have been nonetheless in a position to function as a result of MPD’s location in a longtime mining district in Southern British Columbia with glorious infrastructure and accessibility. We might depend on native crews and perform our program as deliberate.

Determine 1

Kudos to our VP Exploration Jeff Ward and VP Operations Andy Berry who executed this system efficiently and safely on a good finances. We have been inspired to see that each one drill holes continued to intersect potential, sulphide-bearing alteration and determined to increase this system past the deliberate 4,000 metres.

To view a video outlining the options of our MPD Challenge, click on on the next hyperlink:

https://www.youtube.com/watch?v=y-PrhWRtTew&feature=youtu.be

The primary assay outcomes obtained in September have been nothing wanting transformative. Kodiak introduced preliminary outcomes from gap MPD-20-004 which returned a central high-grade interval of 282 metres of 0.70% copper and 0.49 g/t gold (1.16% copper equal), one of the spectacular copper-gold intercepts from early-stage porphyry drilling in British Columbia. The market response was swift and optimistic and in October we closed an upsized $12.7 million non-public placement. As a part of this financing, we have been in a position to welcome Teck Assets as a big shareholder, following their funding of $8 million for a 9.9% shareholding.

Additional outcomes included gap MPD-20-005 which -like our fourth hole- returned a high-grade centre, on this case 192 metres of 0.74% copper, 0.48 g/t gold and a couple of.75 g/t silver (1.21% copper equal). Importantly, each holes present a broader mineralized envelope of great measurement with general mineralized intercepts of 535 metres for gap 4 and 515 metres for gap 5.

Determine 2

By the point our drill program wrapped up in December our group had accomplished a complete of 6,698 metres of drilling in 9 holes on the Gate Zone. We anticipate extra assay leads to the subsequent few weeks from the remaining 5 holes of the 2020 program. Exploration by Kodiak and historic work present all of the hallmarks of a big, well-developed, multi-centered alkalic porphyry system at MPD, with a footprint of over 10 sq. kilometres. The newly found high-grade zone at Gate is a part of a wider, considerably enriched copper-gold envelope which has already been intersected by Kodiak over substantial drill widths and to a depth of over 800 metres.

Determine 3

2021 can be an eventful and news-rich 12 months with a considerably bigger exploration program deliberate at MPD. Kodiak is totally funded for as much as 30,000 metres of drilling in addition to additional geophysical and geochemical surveying, prospecting and geotechnical research. The drill program will begin early within the 12 months with one drill rig, with plans so as to add additional rigs as work progresses.

Thus far solely 125 metres of the roughly one-kilometre-long copper-in-soil anomaly on the Gate Zone has been drilled, which in flip is a component of a bigger regional magnetic low with three kilometres of strike size that extends to the Man Zone within the south. 2021 will see systematic step-out drilling alongside this pattern at Gate, aiming to develop each the central high-grade zone and bigger copper-gold mineralized envelope. Different high-priority goal areas slated for drilling embrace the Dillard and Dillard East Zones which, like Gate, are characterised by massive regional magnetic lows, intensive copper-in-soil anomalies and inspiring historic drilling.

Determine 4

Whereas the drills have been turning at MPD in 2020 we monetized our non-core Trapper challenge in northern BC and offered it to Brixton Metals. Our Mohave copper porphyry challenge in Arizona remains to be a key a part of our portfolio and we plan to discover it in 2021. As well as, we at all times overview alternatives so as to add high quality copper porphyry tasks in good jurisdictions to our portfolio as we develop Kodiak and create worth for our shareholders.

The copper value has rallied from lows of simply over US$2 per pound in March 2020 to greater than US$3.50 by 12 months finish. With robust financial development from China, huge world infrastructure stimulus packages and mega tendencies like electrification and inexperienced power, the basics for copper demand have by no means appeared stronger. Paired with provide disruptions, record-low stock ranges and a scarcity of latest mines and improvement tasks, this creates an ideal state of affairs for robust copper costs. Analysts are already calling for US$4 copper and past. With Kodiak having $14 million within the treasury, a good share construction with lower than 45 million shares excellent, and the backing from a world-class mining firm in Teck Assets, 2021 appears vivid certainly. We invite you to hitch us on the journey forward.

With the very best needs for a contented and affluent 12 months 2021!

Sincerely,

Claudia Tornquist, President & CEO

Jeff Ward, P.Geo, Vice President Exploration and a Certified Particular person beneath Nationwide Instrument 43-101, has reviewed and authorized the technical info contained on this launch.

For additional info please contact Mr. Knox Henderson, Investor Relations, at 604-551-2360 or This email address is being protected from spambots. You need JavaScript enabled to view it..

About Kodiak Copper Corp.

Kodiak is concentrated on its 100% owned copper porphyry tasks in Canada and the USA. The Firm’s most superior asset is the MPD copper-gold porphyry challenge within the prolific Quesnel Trough in south-central British Columbia, Canada, the place the Firm made a discovery of high-grade mineralization inside a large mineralized envelope in 2020. Kodiak additionally holds the Mohave copper-molybdenum-silver porphyry challenge in Arizona, USA, close to the world-class Bagdad mine. Kodiak’s porphyry tasks have each been traditionally drilled and current identified mineral discoveries with the potential to carry large-scale deposits.

The Firm additionally holds the advanced-stage Kahuna diamond challenge in Nunavut, Canada. Kahuna hosts a high-grade, close to floor inferred diamond useful resource and quite a few kimberlite pipe targets.

Kodiak’s founder and Chairman is Chris Taylor who’s well-known for his gold discovery success with Nice Bear Assets. Kodiak can be a part of Discovery Group led by John Robins, one of the profitable mining entrepreneurs in Canada.

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