http://www.kitco.com/pr/1586/article...

Metallurgical Testing of Golden Mile Gold Mineralization Shows Greater Than 99% Gold Recovery

Vancouver, British Columbia, February 27, 2009.

Kodiak Exploration Ltd. is pleased to report the results of metallurgical testing performed on three composite surface and drill hole bulk samples from the Golden Mile vein system at the Hercules Project in the Beardmore-Geraldton gold camp in western Ontario. These test results show an average gold recovery of greater than 99% from the three +10 kg samples. The test work was preformed by SGS Lakefield Research Ltd., Lakefield, Ontario (“Lakefield”) In the Conclusions and Recommendations prepared by Lakefield, they state “The cyanidation of gravity tails yielded an excellent response with greater than 99% of the gold being recovered/extracted in the gravity + cyanidation flow sheet”. Lakefield further states “Process mineralogy should be considered for further characterization of gold occurrence”. The complete Lakefield report will be posted on Sedar within 30 days. A table extracted from the report and summarizing the results is shown below:

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