Kodiak Copper Corp. reported plans for its 2024 Exploration Program, together with new potential Areas of Interest generated by VRIFY Artificial Intelligence (AI) targeting software, on its 100% owned MPD copper-gold porphyry project in southern British Columbia. MPD North - Drill Targets: The Belcarra target lies 400 metres south and the Gate Zone and midway to the Man Zone.

Historic grab samples first reported in 1972 assayed 1.24% and 0.42% Cu. Prospect sampling by Kodiak in 2019, followed by 3D IP and soil surveys on subsequent programs confirmed anomalous copper-gold-silver mineralization and a geophysical response. When combined with VRIFY's adjacent Epsilon Area of Interest, Belcarra is a compelling priority target with mineralization at surface and a possible link or offset to the Gate - Man Zone trend.

At the Blue target, a kilometre-scale copper in soil anomaly has rock samples with significant copper-gold-silver, including a sample with 3.19% Cu, 0.21 g/t Au and 41 g/t Ag. This is supported by a 2023 3D IP response from surface to 700 metres depth. The area central to MPD has never been drilled and therefore Blue provides an opportunity for a significant new discovery.

MPD North - New VRIFY Areas of Interest: Five new prospective Areas of Interest were identified by the VRIFY AI modelling at MPD North. Three of these areas (Gamma, Zeta and Epsilon) are adjacent to existing Kodiak targets or zones yielding significant mineralization at surface or in drilling (Dillard, Belcarra and Northstar) and could be upgraded to drill-ready status as the 2024 program advances. Two of VRIFY's AI selections are broad underexplored Areas of Interest (Omicron and ota) occurring along geological, structural or mineralized trends.

These new prospective VRIFY areas will be explored in more detail as part of the 2024 program. Drill Targets - MPD South: The Company made significant progress on its first drilling campaign at MPD South in 2023. Drill results included high-grade intercepts and mineralization from surface at the West and South Zones and the discovery of an entirely new porphyry centre at 1516 (see news releases July 27, October 17 and December 7, 2023; April 25, 2024).

The South-Mid-Adit trend will continue to be a priority target area for further drilling in 2024. Historic high-grade surface mineralization, historic soil geochemistry, 3D IP data, Kodiak drill results and supporting AI data all combine to suggest the three zones comprise one large system. Prior to Kodiak's Gate Zone discovery, Adit reported the highest-grade copper- gold-silver values in historic drilling, including 111 metres of 0.56% Cu at the Adit target.

The new 1516 Zone is the second new copper porphyry centre discovered by Kodiak on the MPD Project. 1516 has coincident IP responses and based on drill core and soil geochemistry, could be related to the South, Mid and Adit Zones. The first holes into 1516 are interpreted to be in a lower grade shell and follow-up drilling is warranted to find higher-grade zones and test the strike potential of this zoned porphyry system.

At Celeste, a new 700-metre-long copper-in-soil anomaly coincides with a rock sample from 2023 that assayed 0.69% Cu, 0.68 g/t Au and 4.5 g/t Ag (see news release February 21, 2024) and a historic 3D-IP response. The Celeste target has never been drilled, occurs just 600 metres north of the high-grade West Zone and therefore warrants drill-testing in 2024. New VRIFY Areas of Interest - MPD South: Four new prospective Areas of Interest were identified by the VRIFY AI modelling at MPD South.

Three areas (Lambda, Omega and Sigma) are adjacent to new discoveries (1516) or existing Kodiak and historic zones with significant mineralization at surface and in drilling (South and Adit). Like at MPD North, these adjoining VRIFY Areas of Interest could advance to being drill ready as the 2024 program progresses. One of VRIFY AI's selections at MPD South is a broad underexplored Area of Interest called Tau.

This new east-west trending prospective area overlaps a soil geochemical survey done by Kodiak in 2023, which is now called the Orbit Target. The central portion of VRIFY's Tau Area corresponds with copper in soil anomalies repeated in surveys by Kodiak and various operators since 1972. Further exploration will be conducted in the VRIFY Tau Area of Interest as part of the 2024 program.

MPD is a large land package (226 square kilometres) located near several operating mines in the southern Quesnel Terrane, British Columbia's primary copper-gold producing belt. The project is located midway between the towns of Merritt and Princeton, with year-round accessibility and excellent infrastructure nearby.