Kodiak (TSX.V: KXL) Expands Thick Zone of Gold Mineralization at Milestone With New Drilling

Vancouver, British Columbia – March 5, 2010 – Kodiak Exploration Ltd. (TSX.V: KXL) is pleased to announce that the company continues to intercept thick zones of potentially bulk-minable gold mineralization at its Milestone Property at the eastern end of the Beardmore-Geraldton gold camp. Winter drilling by Kodiak has intercepted significant gold mineralization in every drill hole, expanding the size of the gold mineralized system first reported by Kodiak in November, 2009 (News release dated 26 November, 2009).

Kodiak has completed six diamond drill holes totaling 2272 metres this winter at Milestone. Highlights include drill hole MS10-05 which cut 34.0 metres grading 0.98 gpt gold; drill hole MS10-06 which cut 37.2 metres grading 0.54 gpt gold and drill hole MS10-08 which cut 12.1 metres grading 2.05 gpt gold. MS10-08 also intercepted locally higher grade gold mineralization (> 7 gpt gold) indicating the potential for high grade style gold mineralization at Milestone. These drill holes are located down dip and on strike with previously reported drill holes MS09-02 which cut 41.2 metres grading 0.98 gpt gold and 30.2 metres grading 0.29 gpt gold, MS09-03 which cut 38.4 metres grading 0.64 gpt gold and drill hole MS09-04 which intercepted 25