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: Based on these very positive metallurgical test results, it is apparent that Golden Mile mineralization will be amenable to low-cost conventional milling techniques. As the company moves forward with the economic evaluation of the Hercules project, these results help answer vital questions about gold distribution in the system. Kodiak will use this information to determine locations and methodologies for potential surface and underground bulk sampling, an important step in evaluating ultimate minability. Kodiak is in the midst of a 6,000 metre diamond drilling program that will compliment the metallurgical testing program. The diamond drilling program has two distinct goals: 1) In-fill and delineation drilling within and at the margins of the high grade gold mineralized shoots to aid the economic evaluation of the Mile, and 2) Exploration drilling down-dip from the principal Golden Mile high grade shoots.

Hercules drill hole highlights from the current program are shown below. All assays for drill holes HR09-313 through HR08-329 can be found on Kodiak’s website: www.kodiakexp.com. An updated long section will be posted when the current phase of drilling has been completed and all assays have been received. -more-

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