Out tonight..

Kodiak Exploration Limited

TSX VENTURE: KXL

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Oct. 3, 2008) - Kodiak Exploration Limited (TSX VENTURE:KXL) is pleased to announce that it will be presenting an exploration update on its principal gold project, Hercules, and its other Beardmore-Geraldton district-scale exploration programs at the Toronto Resource Investment Conference this weekend. Investors who are able to attend the Conference are welcome to visit Kodiak's representatives at Booth #708 and to attend a presentation by Kodiak's Vice-President of Exploration, Brian Maher, at 11:30 a.m. on Sunday, October 5, 2008 in Workshop #2. Mr. Maher will be making a second presentation at 3:00 on Sunday afternoon in the Oakville Room at the Intercontinental Toronto Centre. To ensure that all investors have timely access to new information that will be presented at the Conference, the power point presentation will be posted in the "What's New" section of Kodiak's web site this weekend at www.kodiakexp.com.

Kodiak's intensive exploration program continues to be successful and has resulted in several new discoveries. This program is ongoing on multiple fronts, with five geological teams and several diamond drill rigs operating on Hercules and five other stand alone gold projects, which are all 100% controlled by Kodiak and located in the Beardmore-Geraldton gold camp. Kodiak looks forward to announcing its next set of results when the large backlog of drill core samples and channel samples from the current program have been assayed, analyzed and compiled.

The geological information contained in the Kodiak presentation to be made at the Conference and posted on its website has been reviewed and approved by Robert B. Hawkins, Kodiak's Chief Geologist, who is a qualified person under the definitions established by National Instrument 43-101.

Kodiak is a mineral exploration company with properties located in Canada. You can now view an interactive map, as well as additional photographs, geological details and additional information, on our Web site: www.kodiakexp.com.

On behalf of the board of Directors

KODIAK EXPLORATION LIMITED

William S. Chornobay, Director, President

The statements made in this release may contain forward-looking statements or relate to programs that involve a number of risks and uncertainties. Actual events or results could differ materially from the Company's expectations and projections.

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.