Answered email Oct. 29

Thank you for writing regarding Kodiak exploration. Unfortunately, much of the movement is Kodiak’s share price is tied to Market volatility and unrelated to the underlying high value of our assets and exploration program. As a point of reference, I attach a recently released NBF research report which reaffirms their belief in Kodiak as an excellent investment with an outperform rating and a $4 target price despite the awful market conditions.

We often utilize a helicopter when it is the most efficient and economical way of supporting our exploration program. Assay results are released when all data is received, QA/QC procedures completed and the information properly interpreted. This is the procedure for all results. Our burn rate is significantly lower at this time and we have plenty of cash on hand to extend our exploration program into the years ahead.

Brian