Kodiak Provides Exploration Update and Identifies Large Geophysical Target Adjacent to the South Deposit

Kodiak Copper Corp. (TSXV: KDK) (OTCQX: KDKCF) (FSE: 5DD1) (the " Company " or " Kodiak ") today provides an update on its fully funded 2026 exploration program at its 100%-owned MPD copper-gold porphyry project in southern British Columbia. Notably, the Company's recent 3D Induced Polarization survey has identified a large, untested chargeability anomaly adjacent to the current Mineral Resource at the South deposit. Highlights The 2026 program is advancing on schedule with two diamond drill rigs currently operating. A total of 16,500 metres is planned and drilling is expected to continue into Q4 2026. The Company has drilled a total of 6,348 meters in 32 core holes to date. The 2026 drill program commenced at the Ketchan deposit, which is interpreted to have significant expansion potential. A total of 5,301 meters in 26 core holes has been drilled at Ketchan to date. In addition, 1047 meters in 6 core holes have been drilled to date at the West deposit which hosts near-surface, high-grade mineralization. Figure 1 Initial assay results for the 2026 drilling will be reported within a month, with further results released throughout the autumn and winter. A recently completed 3D Induced Polarization ("3D-IP") survey identified a large, new exploration target adjacent to the east of the South deposit in an area with limited historical work. The target has been slated for drilling in 2026. Figure 1, 2 & 3 The target is a chargeability anomaly which extends over 900 metres and is similar to the 3D-IP anomaly associated with the South deposit. The two anomalies are separated by a magnetic low feature interpreted to be a fault. Available data suggests the new 3D-IP anomaly may represent a fault displaced extension of the South deposit porphyry system. Figure 2 & 3 Kodiak's 2026 drill program focuses on expanding the initial Mineral Resource estimate ("MRE") at MPD by drilling multiple deposits. All seven deposits in the MRE are open to expansion and an updated MRE is planned for Q1 2027. In addition, several of the 36 prospective exploration targets identified to date will be evaluated by drill testing as part Kodiak's 2026 exploration program. "Our 2026 exploration program continues to advance well, and we are encouraged by the results we are seeing to date," said Claudia Tornquist, President and CEO of Kodiak Copper. "The newly identified 3D-IP anomaly is particularly exciting, as it represents a large geophysical target that could indicate an extension of the South deposit. The significant scale of the anomaly exemplifies the opportunity to further expand mineralization and highlights the considerable exploration upside at MPD. We look forward to drilling this compelling target this year alongside several other priority targets for resource growth and new discovery." Figure 1: Overview Map MPD Project, Southern BC To view an enhanced version of this graphic, please visit: https://images.newsfilecorp.com/files/3803/309258_50073152f4334a8a_001full.jpg Figure 2: Plan View of the 3D-IP Chargeability Model with a Copper-in-Soils Background To view an enhanced version of this graphic, please visit: https://images.newsfilecorp.com/files/3803/309258_50073152f4334a8a_002full.jpg The 2026 Volterra 3D Induced Polarization survey consisted of 29 lines spaced 100-150 metres apart and varying in length from 400 to 1,600 metres. The 5.2 km 2 area covered the South and Adit deposits, extending the historical 3D-IP data coverage to the east. A second grid consisting of 18 lines with a station spacing varying between 150 metres and 350 metres extended the coverage to the west, facilitating the collection of Audio_Magnetotelluric data over both grids and including the Adit, South and West deposits. The 3D-IP inversion model shown in Figures 2 and 3 was generated from voltage measurements taken 30 ms after the inducing current was turned off. Figure 3: View of the 3D-IP Chargeab...