Kodiak Copper Corp. reported prospecting, geophysical and geochemical survey results from the 2023 regional exploration program on its 100% owned MPD copper-gold porphyry project in southern British Columbia. Highlights.

Kodiak's 2023 regional exploration program identified five new targets at MPD: Agie, Leeside, Celeste, Orbit and Comet. This brings the total number of prospective areas to 24, of which only eight have been drilled by Kodiak to date. Regional work has confirmed significant copper-gold porphyry mineralization stretching for 20 kilometres across numerous target areas, consistent with multiple porphyry centres and highlighting the district-scale potential of the MPD Project.

Two new target areas are considered drill ready (Blue and Celeste). In addition to these new drill targets, several trends drilled by Kodiak in 2023 continue to be high-priority for the 2024 drill program (South-Mid-Adit and Man-Belcarra-Gate), and further target areas are being evaluated and prioritized. At the Blue target, a new 3D Induced Polarization geophysical response extends from surface to a depth of 700 metres.

So far, the company have hit copper at every drilled target, including mineralization from surface and to a depth of almost a kilometre. Importantly have delineated large high-grade zones at several targets. The company's team is currently preparing for 2024 drill program which will commence in spring.

Small soil surveys conducted at these locations were also anomalous and further work is planned. Follow up prospecting was carried out in the Celeste and 1516 areas to determine the extent of mineralization near high priority targets drill-tested in 2023. At Celeste, significant copper-gold-silver assays confirmed a new drill-ready target having a sizable copper-in-soil anomaly and historic IP response.

The work also included a simultaneous magneto telluric survey. The benefit of the MT survey is deep penetration which can assist interpreting deeper drill targets. Results Summary.

2023 3D-IP data generated a new drill target at Blue, characterised by a broad chargeability anomaly from surface to 700 metres depth. Much like other successful copper porphyry discoveries by Kodiak at MPD, the 3D-IP response at the Blue Target coincides with the north end of a two-kilometre-long copper-in soil trend and significant prospecting results. The Blue Target area has never been drilled and corroborating results from soils, rock and geophysics highlight the potential for a sizable new copper porphyry discovery.

The 2023 soil geochemical surveying was comprised of 2,705 samples collected on seven grids targeting prospective areas across the MPD claim block, and one single claim just off-property. Samples of "B" horizon subsoil (300-500 grams) were collected at a nominal spacing of 50 metres along lines 100 metres apart. New soil results confirmed historic work and now link these two targets with a two-kilometRE-long copper-in-soil trend corroborated by high-grade copper-gold assays from bedrock samples throughout.

This area has not yet been drilled tested. Results from the 2023 geochemical survey discovered the new drill-ready Celeste target 600 metres north of the recently drilled West Zone at MPD South. This 700-metre wide "look-alike" copper-in-soil anomalies is verified by substantial copper-gold-silver found in recent prospecting results and coincides with a chargeability anomaly in historic IP surveying.

Metallic anomalies were present in all soil geochemical grids in 2023. MPD has all the hallmarks of a major, multi-centered porphyry system. Kodiak made an initial discovery of a high-grade porphyry centre.

The company made an initial discovery of a low-grade porphyry centre and high-grade porphyry center. At the Blue target areas are considered drill ready. At the Blue target areas were considered drill ready (Blue and the Blue and Celeste).