KODIAK EXPLORATION LIMITED ("KXL")
BULLETIN TYPE: Property-Asset or Share Purchase Agreement
BULLETIN DATE: January 6, 2010
TSX Venture Tier 2 Company

TSX Venture Exchange has accepted for filing documentation pertaining to
an option agreement between Kodiak Exploration Limited (the "Company") and
Scott Shields (the "Vendor") whereby the Company has the option to acquire a
100% interest in 21 mineral claims known as the Shields property (the
"Property") in Ashmore Township, Thunder Bay Mining Division, Ontario. In
consideration, the Company will pay a total of $200,000 and issue 200,000
shares to the Vendor over a five year period.
The Property is subject to a 3% NSR with an option in favour of the
Company to purchase 2/3 of the NSR on 20 claims and 100% of the NSR on the
other claim for $1,000,000.

TSX-X

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Here is the link to the article in case anyone wants it:
http://www.newswire.ca/en/releases/archive/January2010/06/c6715.html