Kodiak Completes Successful Winter Drilling at West Millennium (nlk)

FSC / Press Release

Kodiak Completes Successful Winter Drilling at West Millennium

Vancouver, British Columbia CANADA, May 27, 2010 /FSC/ - Kodiak Exploration Limited (KXL - TSX Venture, KXLAF - OTCBB_Pink_Sheets, KX3 - FWB), is pleased to announce results from its recently completed thirteen hole 10,000 metre diamond drilling program at its West Millennium and McTavish uranium project in the Athabasca Basin of northern Saskatchewan. Six of the drill holes intersected graphitic pelite below the unconformity, an important host rock for significant uranium deposits in the Athabasca Basin. Five of these holes returned anomalous uranium assays over down hole widths of 0.5 metres to 10.0 metres corresponding to elevated Gamma log readings of up to 1,000 cps. A cross section and plan map of the drilling are shown below.

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Cross Section through graphitic pelite horizon at West Millennium. Gamma log readings are highlighted in red. UC indicates the regional unconformity.

Drill section 27N contains holes WM09-03, WM10-07, WM10-09, WM10-16 and WM10-12 which have defined a low angle thrust fault hosted within the footwall of a relatively flat-lying rich graphitic-pyritic altered unit that exceeds 100 metres in thickness. Anomalous uranium (17-110 ppm) occurs at the unconformity and within the shallowly dipping deformed graphitic pelitic unit. The host pelitic unit is open on strike and down plunge with the graphitic pelitic structural corridor open down dip and on strike.

Average drill hole spacing in this target area is still > 100 metres leaving ample room for a significant discovery. With only 10% of the West Millennium and McTavish property explored to date, these
drilling results strongly resemble the pre-discovery exploration results that led to major uranium discoveries in the Athabasca Basin. Kodiak is currently reviewing recommendations from our geologic team and external consultants as to plan the next phase of exploration at the West Millennium and McTavish Projects.

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Cameco's recent decision to develop their nearby Millennium uranium deposit means that significant infrastructure will be established within three kilometres of the West Millennium and McTavish projects.

The project area is located within the Lower Wollaston structural corridor of the prolific Athabasca Basin, known for its rich high-grade uranium deposits such as McArthur River, Cigar Lake and Millennium

The geological information in this press release 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.

All field technical information for the West Millennium and McTavish Uranium Projects is collected, documented, stored and reported through our formal QA/QC by Keith Metcalfe, P.Eng., P. Geo, and a Qualified Person under the definitions established by National Instrument 43-101. Samples of drill core are collected by three methods: 1) the systematic 10m - spaced composite chips (1-2 cm wide every 1.5m as a standard) taken from just below the casing shoe to just above the sandstone/basement interface (unconformity); this practice accounts for an actual core loss of less than 1%. 2) The split or half-core samples taken continuously across the unconformity whereby about 50% of the core section is removed for analysis. 3) one to three cm chips are taken at 20m intervals for PIMA clay analysis. A combination of these three methods may be used well into the sub-Athabasca basement rock units depending on the radioactivity, structure and alteration features observed by the geologist. Core boxes are marked and labeled in succession. Weather-proof sample tags are stapled securely to the box partition at the start of the sample interval which is also marked along the core box ribs with an indelible marker. Following sample selection the residual drill core is stored as cross-stacks or in core racks, covered, labeled and archived at the company's camp site. Drill core samples are sealed in bags or pails with tamper - proof locking cable ties. Special metal/plastic containers are used for "hot" uranium - bearing samples. A "chain of custody" is in place whereby all sample shipments are closely monitored by the site geologists. All analyses are conducted under strict protocol by SRC Geo Lab in Saskatoon, Saskatchewan. SRC is a specialist in the field of uranium mineral research and is Canada's only CNSC licensed laboratory offering the complete spectrum of uranium processing and analysis.

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

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