Kodiak Copper Corp. reported drill results from the fully funded, large drill program at its 100% owned MPD copper-gold porphyry project in southern British Columbia. Assay results from the first three holes drilled in 2023 at the West Zone (MPD South /AAEEEEq) are presented in this release.

Highlights. Kodiak's drilling at the West Zone to date has confirmed porphyry mineralization from surface over an area of 300 metres by 300 metres and up to 819 metres depth, extending well below historic drilling and open to extension. The interval contains distinctive copper-gold-silver zone with semi-massive pyrite-chalcopyrite mineralization in phyllic/propylitic altered andesite.

A new discovery was also made at depth in vertical drill hole AXE-23-002 where mineralized high-temperature, high-energy hydrothermal breccia was intersected over 175 metres from 644 to 819 metres. The hole was lost prematurely in mineralization. This is the first significant breccia-hosted porphyry mineralization drilled at MPD.

The discovery interval assayed 0.29% Cu, 0.22 g/t Au and 0.72 g/t Ag (0.46% CuEq) over 30 metres, within a broader zone assaying 0.11% Cu, 0.13 g/t Au and0.53 g/t Ag (0.,21% CuEq) over 175 metres, which remains open at depth.