British Columbia - Kodiak Copper Corp. (the 'Company' or 'Kodiak') (TSX-V: KDK, OTCQB: KDKCF, Frankfurt: 5DD1) today reports drill results at the 100% owned MPD copper-gold porphyry project in southern British Columbia.

Nine new Gate Zone drill holes are presented in this release. These holes 1) define additional mineralization towards the centre of the zone, and 2) expand the margins of the zone to the south, and west. The Gate Zone porphyry target remains open to extension in multiple directions.

One of Kodiak's two drill rigs at MPD has been relocated to the Dillard copper-gold porphyry target, while one rig remains at the Gate Zone.

Kodiak's ongoing exploration at MPD includes drilling with two rigs, prospecting-mapping, trenching, geophysical, geochemical and environmental surveying. The fully funded 2021 program is progressing well and remains on budget.

Central Gate Zone

Three new drill holes completed along approximately 500 metres of strike length underlying the central Gate Zone copper-in-soil target once again intersected significant grades and interval lengths of copper-gold mineralization.

Contact:

Nancy Curry

Tel: +1 (604) 646-8362

Email: ncurry@kodiakcoppercorp.com

About Kodiak Copper Corp.

Kodiak is focused on its 100% owned copper porphyry projects in Canada and the USA. The Company's most advanced asset is the MPD copper-gold porphyry project in the prolific Quesnel Trough in south-central British Columbia, Canada, where the Company made a discovery of high-grade mineralization within a wide mineralized envelope in 2020. Kodiak also holds the Mohave copper-molybdenum-silver porphyry project in Arizona, USA, near the world-class Bagdad mine. Kodiak's porphyry projects have both been historically drilled and present known mineral discoveries with the potential to hold large-scale deposits.

Kodiak's founder and Chairman is Chris Taylor who is well-known for his gold discovery success with Great Bear Resources. Kodiak is also part of Discovery Group led by John Robins, one of the most successful mining entrepreneurs in Canada.

Forward-Looking Statement (Safe Harbor Statement)

This press release contains forward looking statements within the meaning of applicable securities laws. The use of any of the words 'anticipate', 'plan', 'continue', 'expect', 'estimate', 'objective', 'may', 'will', 'project', 'should', 'predict', 'potential' and similar expressions are intended to identify forward looking statements. In particular, this press release contains forward looking statements concerning the Company's exploration plans. Although the Company believes that the expectations and assumptions on which the forward looking statements are based are reasonable, undue reliance should not be placed on the forward looking statements because the Company cannot give any assurance that they will prove correct. Since forward looking statements address future events and conditions, they involve inherent assumptions, risks and uncertainties. Actual results could differ materially from those currently anticipated due to a number of assumptions, factors and risks. These assumptions and risks include, but are not limited to, assumptions and risks associated with conditions in the equity financing markets, and assumptions and risks regarding receipt of regulatory and shareholder approvals.

Management has provided the above summary of risks and assumptions related to forward looking statements in this press release in order to provide readers with a more comprehensive perspective on the Company's future operations. The Company's actual results, performance or achievement could differ materially from those expressed in, or implied by, these forward looking statements and, accordingly, no assurance can be given that any of the events anticipated by the forward looking statements will transpire or occur, or if any of them do so, what benefits the Company will derive from them. These forward looking statements are made as of the date of this press release, and, other than as required by applicable securities laws, the Company disclaims any intent or obligation to update publicly any forward looking statements, whether as a result of new information, future events or results or otherwise.

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