Ms. Claudia Tornquist reports

KODIAK USES VRIFY'S ARTIFICIAL INTELLIGENCE SOFTWARE TO OPTIMISE EXPLORATION AND DRILL TARGETING

Kodiak Copper Corp. has entered into an agreement with Vrify to use its advanced artificial intelligence (AI) mineral targeting software to enhance exploration and drilling at its 100-per-cent-owned MPD copper-gold porphyry project in southern British Columbia.

Exploration results from the MPD project continue to expand the number of drill-confirmed zones and prospective target areas, which now stand at over 20 mineralized centres. Kodiak's management views AI technologies as a promising method to help prioritize drilling more efficiently and cost-effectively.

Data from MPD were analyzed by Vrify's AI software with the aim of predicting areas with a high probability of mineralization. Initial results of the AI analysis are encouraging and highlight drill targets already identified by Kodiak, in addition to a number of new prospective areas. New areas identified by Vrify AI will be investigated as part of the 2024 exploration program. Moving forward, the dynamic nature of the Vrify AI-driven geo-targeting system is expected to result in more real-time and adaptable exploration strategies at MPD.

Kodiak will be featured at Vrify's booth (No. 3321) at the investors exchange of the PDAC (Prospectors & Developers Association of Canada) conference and will present the results to date from the AI analysis at MPD in a fully interactive 3-D presentation. The company invites you to attend the Vrify AI launch event on Monday, March 4, at 1 p.m. or visit the booth any time thereafter, to meet the Kodiak and Vrify teams and learn more. A Vrify AI 3-D model of MPD will be available on Kodiak's website in due course.

Claudia Tornquist, president and chief executive officer of Kodiak, said: "I have no doubt that AI will revolutionize mineral exploration by vastly improving the integration and evaluation of large geological data sets, thus accelerating drill targeting, enhancing efficiency and reducing exploration costs. We are thrilled by the initial results from our work with Vrify. Their powerful mineral targeting software fuses cutting-edge AI technology with human expertise in an iterative process, capable of validating existing targets and generating potential new ones at a rapid pace. MPD is well suited to AI-enhanced exploration as it is a treasure trove of data, with Kodiak's extensive project database complemented by historic information spanning many decades. Vrify AI is an exciting new addition to Kodiak's exploration toolkit and we look forward to applying its full potential at MPD."

Jeff Ward, PGeo, vice-president of exploration and the qualified person as defined by National Instrument 43-101, has approved and verified the technical data used in the Vrify AI mineral targeting software, and information contained in this news release. The historic data used herein are believed to be from reliable sources using industry standards at the time, based on Kodiak's review of available documentation and select verification work. However, the company has not independently validated all historic work, and the reader is cautioned about its accuracy.

About Vrify artificial intelligence

Vrify's artificial intelligence targeting system uses a combination of deep learning and computer vision architectures to train predictive models with data from various exploration features like drill holes, rock geochemistry and mineral occurrences. Vrify's system then combines data embedding with supervised predictive models to generate a prospectivity score, enabling probabilistic predictions of mineralized areas. The approach leverages complex data relationships to predict mineral exploration targets, streamlining the process of identifying viable mineral deposits. The automation of target generation will allow the trained model to be updated quickly with new data from continuing exploration work. By using locally trained models, Vrify will be able to deliver prediction accuracy metrics and feature importance maps, giving true insight into exploration vectors.

The Vrify modelling is conducted by compiling the exploration data into a gridded data space. Feature engineering steps include geophysical standard filtering such as vertical derivatives (FVD), tilt angle (tilt) and other Fourier filtering. Geological information from outcrops is used to generate a probabilistic lithological map and geochemical data are interpolated using a random forest regression process. The feature engineering process is validated using statistical evaluation of the products, together with visual validation. All exploration features are then compiled as entry to the Vrify targeting algorithm. Learning examples are derived from known mineralized samples established from drill holes, surface sampling et cetera.

The available learning data points are separated between training and validation sets in order to train and test the algorithm. This allows Vrify to evaluate the performance metrics associated with the predictive modelling. Together with a stochastic approach in modelling, the results can be evaluated and an uncertainty factor can be associated to each of the AI-defined targets.

About Kodiak Copper Corp.

Kodiak is focused on its 100-per-cent-owned copper porphyry projects in Canada and the United States that have been historically drilled and present known mineral discoveries with the potential to hold large-scale deposits. The company's most advanced asset is the MPD copper-gold porphyry project in the prolific Quesnel trough in south-central British Columbia, Canada, a mining district with producing mines and excellent infrastructure. MPD has all the hallmarks of a large, multicentred porphyry system. Kodiak discovered a high-grade porphyry centre of significant size at the Gate zone and is now systematically testing further targets with similar discovery potential. Drilling to date has successfully outlined substantial envelopes of porphyry mineralization at the West, Man and South zones as Kodiak continues to demonstrate the district-scale potential of the MPD project. The company also holds the Mohave copper-molybdenum-silver porphyry project in Arizona, U.S., near the world-class Bagdad mine.

Kodiak's founder and chairman is Chris Taylor, who is well known for his gold discovery success with Great Bear Resources. Kodiak is also part of Discovery Group led by John Robins, one of the most successful mining entrepreneurs in Canada.

We seek Safe Harbor.