Holy intercept at West Geraldton...

Kodiak Drills 24.9 Metres grading 9.31 gpt Gold at West Geraldton

Kodiak Drills 24.9 Metres grading 9.31 gpt Gold at West Geraldton

Vancouver, British Columbia CANADA, September 07, 2010 /FSC/ -Kodiak Exploration Limited (KXL - TSX Venture, KXLAF -OTCBB_Pink_Sheets, KX3 - FWB), is pleased to announce that explorationdrilling on the GK target area at the West Geraldton project hasintercepted 24.9 metres grading 9.31gpt gold (78.3 to103.2 metres)including 8.1 metres grading 27.75 gpt gold (85.1 to 93.2 metres) indrill hole GK10-40. Reinterpretation of past drilling combined withnew surface exploration led to the current drilling program in an areathat is only two kilometres north of Premier Gold's Hardrock project(GK-Geraldton Kenogamisis; please see map below). This drill hole waspart of a four hole program designed to follow up on previously releaseddrill hole GK08-09 which intercepted 1.2 metres grading 5.93 gpt goldfrom a polymetallic vein hosted by Archean volcanic rocks. This zone isopen to the west and down dip, highlighting the exploration potentialof the GK target area. These drill holes are located near the Goldstrikezone at West Geraldton that was previously explored in 2008. A followup detailed geophysical program has been proposed to further refine thisdeveloping target.

To view the map of Geraldton Kenogamisis Project Geology andDrilling, please click on or copy and paste into your browser thefollowing link: http://www.usetdas.com/maps/kodiak/kodiakmap1sept7.pdf

To view the map of Beardmore-Geraldton Area Kodiak Claims andProjects, please click on or copy and paste into your browser thefollowing link: http://www.usetdas.com/maps/kodiak/kodiakmap2sept7.pdf

Kodiak is pleased to provide an update on the balance of its Beardmore-Geraldton regional exploration program:

Shields:

The Shields property, located on the northern margin of theBankfield-Tombill fault zone, covers six gold and gold-copper targetzones within and adjacent to a massive gabbroic body (please see projectarea map) The six target zones have been identified by a program ofprospecting, grid mapping and geophysics: The Ferraro, the Stinger,Gladiator, Maximus, Titus and the historic Daley Vein. Trenching ofthese areas has been completed, with mapping and channel samplingunderway. The most significant set of structures is theGladiator/Maximus/Titus system that has been traced for approximately500 metres and appear to be limbs of a synformal, southwest plungingfold. Grab and channel samples have returned gold grades ranging from<0.005 gpt gold to 292 gpt gold; significant results to date aretabulated below. Additional channel sampling is planned to guide drilltarget selection.

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Sample Zone Type Length (metres) Gold (gpt)

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FER-001 Ferraro channel 1.25 23.8

G27752 Ferraro grab - 292

G27753 Ferraro grab - 15.7

G27814 E of Maximus grab - 12.5

G27817 E of Maximus grab - 17.3

G30389 Gladiator grab - 6.44

G30360 Stinger grab - 14.2



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Castlewood Lake

The Castlewood Lake project is located in the north-central portionof the Beardmore-Geraldton gold near the intersection of two majorregional structures: the Humboldt Bay and Onaman shear zones (pleasesee project area map). Work has focused on two previously known goldmineralized zones that are considered to be part of a much largersystem. A magnetic and induced polarization survey, trenching, trenchmapping and channel sampling has been completed on the Centurian Zoneand is underway on the Leopard Zone. Assay results to date range from<0.005 gpt gold to 37.6 gpt gold; significant results are tabulatedbelow. The gold mineralized zones are hosted within a strongly deformedmafic volcanic

package within or immediately adjacent to the Humboldt Bay shearzone. The zones are interpreted to be hosted within interflow sedimentsthat have been preferentially altered and mineralized. Additionalexploration will include prospecting of the remaining project area, gridmapping and an initial drill program to test the interpretation priorto developing a large conceptual target for further drill testing.


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Sample Zone Type Length (metres) Gold (gpt)

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G26972 Centurian grab - 31.0

G26962 Centurian grab - 5.20

G30161 Centurian grab - 37.6

G30188 Leopard grab - 5.14

CEN-001A Centurian channel 3.65 4.05



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Wildgoose

Wildgoose is located on the western extension of theBankfield-Tombill fault zone where Premier Gold has identifiedsignificant gold resources on their Hardrock project. Exploration atWildgoose has focused on Archean sedimentary rocks up section from theproductive Jelico Mine horizon. Drill targets have been defined byground magnetic and induced polarization surveys. A total of five drillholes for 1,825 metres tested five prospective targets. Drillingintersected broad (up to 134 metres) sericite +/- silica alteration ofarkose and greywacke. Localized quartz-carbonate stockwork and floodingincludes patchy very fine grained arsenopyrite and pyritemineralization. Drill highlights include 4.5 metres grading 1.4 gptgold in drill hole WI10-04.

Kodiak's comprehensive and systematic Beardmore-Geraldton regionalexploration program is on-going, focused on generating new targets andadvancing both known and newly generated targets through the drillevaluation stage of our project pipeline. As part of this program,Kodiak field crews will be conducting geological compilation,prospecting, mapping, geophysical surveys, trenching, and drilling tosystematically explore our Beardmore-Geraldton land holdings for qualitytargets that have potential for discovery. Kodiak's management team iscommitted to growing shareholder value through the systematicdevelopment of a project pipeline, aggressively evaluating highpotential targets, and pursuing strategic opportunities which meetcorporate goals for expansion and growth.

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

Kodiak QA/QC procedures are as follows: Kodiak channel samples are 5cm wide cut perpendicular to the strike of the vein and/or shear zonefrom mapped alteration in the footwall continuously through the veinand/or shear zone and into mapped alteration in the hangingwall. Channels are cut with a motorized circular saw to a depth of 10cm and removed with a hammer. Channel sample spacing is nominally every20m along strike, dependent on outcrop size and geometry. Sampleintervals are selected according to geologic contacts and visiblemineralization, placed into a sample bag, and shipped to the assay labfor quantitative analysis of select elements. Kodiak drill cores aresplit down the center with a typical table feed circular rocksaw. Sample intervals are selected according to geologic contacts,visible mineralization, and alteration, placed into sample bags andshipped to the assay lab where they are quantitatively analyzed forselect elements. Drill cores are boxed, covered, and sealed at thedrill rig and moved to the Kodiak logging and sample preparationfacilities by Kodiak personnel. Kodiak angle core holes are directedperpendicular to the mapped dip of the vein therefore reported drillhole intercepts approximate true thickness of the vein. All Kodiaksamples are currently being assayed by Activation Laboratories Ltd.,Ancaster, ON L9G 4V5 and Accurassay Laboratories Inc., Thunder Bay, ON,P7B 5X5. Blank and standard samples are routinely submitted with allsample batches sent to the lab for assay. Screened metallic assays areroutinely run on all anomalous gold results as a check on nuggeteffects. Samples are routinely sent to other labs for additionalchecks.


On behalf of the Board of Directors

Brian J. Maher

President and Chief Executive Officer







FOR FURTHER INFORMATION, PLEASE CONTACT:

Kodiak Exploration Limited

Email: ir@kodiakexp.com

Website: www.kodiakexp.com

tel.: 1-604-688-9006 Fax: 1-604-688-9029


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 thatrelate to programs that involve a number of risks anduncertainties. Actual events or results could differ materially fromthe Company's expectations and projections.


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

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