Kodiak Commences 2026 Exploration Program at the MPD Copper-Gold Porphyry Project

Kodiak Copper Corp. has officially commenced its fully-funded 2026 exploration program at the MPD copper-gold porphyry project in southern British Columbia. The program, announced on April 9, 2026, is now moving into execution with approximately 6,500 metres of drilling planned across seven deposits and testing 16 new targets (totaling 36 prospective targets). Key focus areas include the Ketchan, Adit, and Dillard deposits. The company is utilizing VRIFY Artificial Intelligence for target identification alongside traditional geophysics. This news confirms the execution of the previously announced plan rather than introducing new data or assay results.

The commencement of the exploration program is categorized as Routine - Positive. While positive for project advancement, it does not constitute a material change in valuation because: - The scope (6,500m drilling) and targets were explicitly detailed in the April 9, 2026 news release. - No new assay results or resource updates are provided in this specific release; it is an operational update confirming funding and schedule adherence. - The market has already priced in the initial mineral resource estimate (MRE) announced in December 2025/January 2026, which established the baseline value for the project. - The financing required to fund this program ($8.05 million) was closed in September 2025, removing immediate capital risk concerns for this specific campaign.

Kodiak Copper Corp. is an exploration company focused on the MPD copper-gold porphyry project in southern British Columbia (Quesnel terrane) and the Mohave project in Arizona. - MPD Project: 100% owned, covering ~357 km². It hosts a maiden resource estimate of 82.9 Mt Indicated and 356.3 Mt Inferred at 0.32-0.39% CuEq. The project is open-pit potential with strong metallurgical recoveries (up to 89.9% Cu). - Mohave Project: Located in Arizona near Freeport-McMoRan's Bagdad mine, recently expanded by staking additional claims in February 2026. - Management: Led by Claudia Tornquist and Chris Taylor, with a focus on district-scale consolidation.