Regional Exploration Highlights Potential for Resource Expansion and Identifies Targets at MPD Copper-Gold Project

The most recent news (February 24, 2026) reports results from the 2025 regional exploration program at the 100% owned MPD project in British Columbia. Key findings include a two-kilometre copper-in-soil trend at the Ketchan deposit, suggesting the resource could extend significantly beyond the currently defined 1.4-kilometre strike. Prospecting also yielded high-grade grab samples (up to 11.4% Cu and 23.8 g/t Au) at the Tomcat area. These results, alongside AI-generated targets, are being used to prioritize the 2026 drilling program, which is set to commence in the spring.

The news is Routine - Positive. While it confirms the potential for resource expansion, it consists of surface geochemical and prospecting data rather than fresh drill intercepts or a revised Mineral Resource Estimate (MRE). - Confirmation of Scale: The two-kilometre soil anomaly at Ketchan is a strong lead for the 2026 drill program to increase the Inferred Resource (currently 66 Mt at Ketchan). - De-risking: Identifying new targets like Tomcat and validating AI-generated "Areas of Interest" provides a pipeline of targets beyond the seven existing deposits. - Continuity: The news follows the January 2026 filing of the NI 43-101 Technical Report, showing management is moving quickly to execute the "Next Steps" outlined in that report.

Kodiak Copper, part of the Discovery Group, is focused on the MPD copper-gold porphyry project in southern British Columbia. The project is a consolidated land package (357 sq km) in the Quesnel Terrane, located near operating mines like Copper Mountain. - Flagship: MPD Project. - Current Resource: 82.9 Mt Indicated (0.39% CuEq) and 356.3 Mt Inferred (0.32% CuEq) across seven zones. - Strategy: Using a "hub-and-spoke" model to develop multiple near-surface deposits that could feed a central processing facility.