Headline: Kodiak Completes Phase One Evaluation of the Milestone Project; Announces 10,000 Metre Phase Two Drilling Program

Kodiak Completes Phase One Evaluation of the Milestone Project; Announces 10,000 Metre Phase Two Drilling Program

Vancouver, British Columbia CANADA, May 05, 2010 /FSC/ - Kodiak Exploration Limited (KXL - TSX Venture, KXLAF - OTCBB_Pink_Sheets, KX3 - FWB), is pleased to announce the completion of its Phase One drilling program at its Milestone gold project at the eastern end of the Beardmore-Geraldton gold belt. The 5,500 metre Phase One drilling program has outlined a large zone of potentially bulk-minable gold mineralization that remains open along strike and at depth. The large size of this system with a strike length of at least 2,500 metres, the consistent gold grades encountered in diamond drilling, and a recently identified higher grade zone of gold mineralization has prompted the company to undertake a 10,000 metre Phase Two exploration program. The Phase Two exploration program will consist of surface evaluation (prospecting, geophysical surveys, mapping, and trenching) along the Pag shear zone and parallel structural trends, continued wide spaced drilling to evaluate the gold system on strike and at depth, and infill drilling to further define the currently known higher grade portion of the mineralized system. The attached map highlights a portion of the anticipated Phase Two drilling.

To view the map associated with this press release, click on the link below or paste the link into your browser:

http://www.usetdas.com/maps/kodiak/kodiakmap.pdf

Over 5,500 metres of diamond drilling were completed in thirteen holes during the Phase One Milestone exploration program. Each of the final four drill holes of the Phase One program intercepted broad intervals of low grade gold mineralization within the Pag shear zone. Of particular interest is drill hole MS10-15 which cut a potential high grade shoot at the western end of the drill fence (see map above): 14.5 metres grading 1.39 gpt gold including 0.8 metres grading 22.26 gpt gold. A table summarizing all drilling to date at Milestone has been posted on the company's web site: www.kodiakexp.com

The geological information for the Beardmore-Geraldton regional exploration project has been reviewed and approved by Darren Lindsay, Kodiak's Vice President-Exploration, who is a qualified person under the definitions established by National Instrument 43-101.

Kodiak QA/QC procedures are as follows: Kodiak channel samples are 5 cm wide cut perpendicular to the strike of the vein and/or shear zone from mapped alteration in the footwall continuously through the vein and/or shear zone and into mapped alteration in the hanging wall. Channels are cut with a motorized circular saw to a depth of 20 cm and removed with a hammer. Channel sample spacing is nominally every 20m along strike, dependent on outcrop size and geometry. Sample intervals are selected according to geologic contacts and visible mineralization, placed into a sample bag, and shipped to the assay lab for quantitative analysis of select elements. Kodiak drill cores are split down the center with a typical table feed circular rock saw. Sample intervals are selected according to geologic contacts, visible mineralization, and alteration, placed into sample bags and shipped to the assay lab where they are quantitatively analyzed for select elements. Drill cores are boxed, covered, and sealed at the drill rig and moved to the Kodiak logging and sample preparation facilities by Kodiak personnel. Kodiak angle core holes are directed perpendicular to the mapped dip of the vein therefore reported drill hole intercepts approximate true thickness of the vein. All Kodiak samples are currently being assayed by Activation Laboratories Ltd., Ancaster, ON L9G 4V5 and Accurassay Laboratories, Thunder Bay, ON P7B 5X5. Blank and standard samples are routinely submitted with all sample batches sent to the lab for assay. Screened metallic assays are routinely run on all anomalous gold results as a check on nugget effects. Samples are routinely sent to other labs for additional checks.

On behalf of the Board of Directors

Brian J. Maher

President and Chief Operating Officer

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. This release may contain forward-looking statements or statements that relate to programs that involve a number of risks and uncertainties. Actual events or results could differ materially from the Company's expectations and projections.


Suite 1205 - 700 West Pender Street

Vancouver, B.C., V6C1G8 Canada

Tel: (604) 688 9006

Fax: (604) 688 9029

ir@kodiakexp.com

www.kodiakexp.com


ource: Kodiak Exploration Limited (TSX-V: KXL) http:.//www.kodiakexp.com

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