New Risk • Mar 02
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -CA$7.2m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-CA$7.2m free cash flow). Revenue is less than US$1m. Minor Risks Shareholders have been diluted in the past year (27% increase in shares outstanding). Market cap is less than US$100m (CA$109.2m market cap, or US$79.9m). Announcement • Feb 26
Kodiak Copper Corp. Reports Soil Geochemical and Prospecting Results from the 2025 Exploration Program on Its 100% Owned Mpd Copper-Gold Porphyry Project in Southern British Columbia Kodiak Copper Corp. reported soil geochemical and prospecting results from the 2025 exploration program on its 100% owned MPD copper-gold porphyry project in southern British Columbia. Kodiak's 2025 regional exploration program confirms numerous historic high-grade targets, identifies new targets and highlights the potential to expand the recent Mineral Resource Estimate reported for the Ketchan deposit. The 2025 soil geochemical program included the collection of 2,415 soil samples and focussed on historical targets, areas with perspective geology and VRIFY artificial intelligence (AI) Areas of Interest at MPD Northwest. At the Ketchan deposit, a well-defined copper-in-soil trend over two kilometres suggests the deposit could be larger than the 1.4 kilometres of strike currently defined by resource drilling. Anomalous soil results were also coincident with prospective geology at the Thor/Boss, Thalia, Zig, Par, Hook and Delta targets. Prospecting in 2025 included 112 rock samples which confirmed historic showings and discovered a new copper-gold-silver target near the West deposit. The best prospecting grab sample assayed 11.4 % Cu, 23.8 g/t Au and 43.6 g/t Ag and was from historic workings at the Tomcat area in MPD Northwest. The 2025 soil geochemical program was comprised of 2,415 samples collected in nine prospective areas across the MPD Northwest claims. Samples of ‘B’ horizon weighing 300 to 500 grams were collected at nominal intervals of 50 metres along east-west lines using 100 or 200 metre spacing. Soil grids targeted historic showings, prospective geology and VRIFY AI Areas of Interest. The largest grid covered seven square kilometers in the Ketchan deposit area. The 2025 soil results highlight a number of areas for follow up in 2026, particularly at Ketchan where a well-defined copper-in-soil anomaly over two kilometres in length suggest this deposit may extend beyond the current 1.4 kilometre strike defined by resource drilling. Kodiak collected 112 rock samples from prospecting traverses in 2025 of which 66 were from MPD Northwest and 56 from other parts of the property. Rock sample results from the 2025 program continue to demonstrate the potential for additional discoveries at MPD. More follow-up work is planned in 2026. Prospecting in 2025 focused primarily on historic showings. The best sample in 2025 assayed 11.4 % Cu, 23.8 g/t Au and 43.6 g/t Ag (sample 222381) from mineralized veins at the Boomerang showing on the Tomcat claims at MPD Northwest. The Tomcat area hosts a number of high-grade showings. The best sample in the southern part of the property assayed 0.23% Cu and 1.56 g/t Au (sample 222257) from a new copper-gold-silver discovery named Nebula located approximately 500 metres north of the West deposit. The mineralization is associated with a monzodiorite/conglomerate unit similar to the geology seen at West. Announcement • Jan 23
Kodiak Copper Corp. Files Ni 43-101 Technical Report: Initial Mineral Resource Estimate At the MPD Copper-Gold Project Kodiak Copper Corp. announced that it has filed an independent technical report (the "Report") on SEDAR+ prepared in accordance with National Instrument 43-101 - Standards of Disclosure for Mineral Projects ("NI 43-101") in support of the initial Mineral Resource estimate on the Company's 100%-owned MPD copper-gold project in southern British Columbia. Large, open-pit copper-gold initial Mineral Resource estimate ("MRE") which shows the scale and potential of MPD and lays the foundation for future resource growth and development. The Initial MRE comprises seven deposits: West, Adit, South, Gate, Ketchan, Man, and Dillard. Total Indicated Mineral Resource: 82.9 million tonnes (Mt) grading 0.39% copper equivalent (CuEq) for 519 million pounds (Mlb) of copper (Cu) and 0.39 million ounces (Moz) of gold (Au). All deposits remain open for expansion within and beyond the MRE pit shells, most in multiple directions and at depth. Kodiak's work in 2026 will be focussed on Resource growth. In addition, Kodiak intends to test some of the numerous underexplored targets on the MPD property which present opportunities to discover new mineralized zones. The drill hole density in the South Zone, West Zone and central part of the Gate Zone was sufficient to develop a 82.9 Mt Indicated Resource grading 0.39% CuEq. Inferred Resources at the Man, Dillard, Ketchan, Gate, Adit, South and West Zones total 356.3 Mt with an average grade of 0.32% CuEq. The effective date for the MRE reported herein is December 9, 2025. MPD Initial Mineral Resource Estimate. 
