Kodiak Announces Completion of Hercules Technical Assessment Report, Hercules Drill Results and Land Acquisition in the

VANCOUVER, BRITISH COLUMBIA, Apr 20 (MARKET WIRE) --
Kodiak Exploration Ltd. (TSX VENTURE: KXL)(FRANKFURT: KX3) is pleased to
report the completion of a National Instrument 43-101 compliant Technical
Assessment of the company's Hercules Project located in the
Beardmore-Geraldton gold belt of western Ontario. The report by
InnovExplo, a well-respected mining and geology consulting company based
in Val d'Or, Quebec, confirms the significance of the Golden Mile
discovery and validates the methodology, QA-QC procedures and the
technical merits of the work done to date at Hercules. The report is an
important milestone as the Hercules project moves along the development
time line, providing third party documentation of progress to date. The
recommendations made by InnovExplo will be utilized to guide future
drilling and prepare the project for a formal resource estimate.

InnovExplo notes that, "Exploration work carried out by Kodiak since 2005
led to the discovery of the Golden Mile and subsequent work led to
significant extensions of the newly discovered gold mineralization
(Yellow Brick Road, Marino, Penelton, 7 of 9 and Lucky Strike)."
InnovExplo further states, "The property contains a significant potential
for new discoveries. The mineralized hydrothermal system is quite large,
and additional work on the property could lead to a Mineral Resource
Estimate." InnovExplo goes on to recommend a multi phase diamond drilling
program, a portion of which has already been completed by Kodiak. The
complete Technical Assessment Report will be filed on SEDAR and be
available on our website, www.kodiakexp.com, shortly.

When the Technical Assessment is combined with the recently released
metallurgical study on Golden Mile gold mineralization, we can now begin
evaluating options for possible bulk sampling of the Golden Mile and
adjacent veins. Planning the next phase of diamond drilling, slated to
begin in June, is well underway. Additional exploration at Hercules and
our other project areas in the Beardmore-Geraldton gold belt will
continue to focus on documenting and building resource potential while
simultaneously moving Hercules forward as a development project.

Assay results for the final ten drill holes of our winter, 2009 drilling
campaign at Hercules have been received. All the drill holes intersected
gold-mineralized quartz veining and shear zones; of particular interest
is drill hole HR09-333, drilled at the eastern end of the Golden Mile,
which cut 1.0 m grading 10.72 gpt gold (0.31 opt), including 0.7 m
grading 14.80 gpt gold (0.43 opt). This drill hole was collared in the
footwall of the Golden Mile vein system near previously announced drill
hole HR07-29 (54.1 gpt (1.57 opt) gold over 2.0 m, including 134.4 gpt
(3.9 opt) gold over 0.8 m) and extends high grade gold mineralization
into a new, deeper part of the system. Results for all ten drill holes
can be found on Kodiak's web site.

As part of our continuing strategy of acquiring key prospective ground
within the Beardmore-Geraldton gold belt, Kodiak has entered into an
option agreement covering an additional mineral property in the Thunder
Bay Mining Division of south central Ontario.

The Wildgoose Property Option

Pursuant to an agreement made with Ginguro Exploration Inc., Kodiak has
been granted an option to acquire an undivided 100% interest in one
mineral claim (16 units) located in Lindsley Township, subject to a 3%
net smelter returns royalty in favor of Ginguro. Kodiak may exercise the
option by making the following option payments over four years:

1. $10,000 in cash within 5 business days after acceptance by the TSX
Venture Exchange;

2. an additional $15,000 in cash or shares not later than March 24, 2010;

3. an additional $25,000 in cash or shares not later than March 24, 2011;

4. an additional $50,000 in cash or shares not later than March 24, 2012;
and

5. an additional $100,000 in cash or shares not later than March 24, 2013.

Kodiak may purchase one-third (i.e. 1%) of the royalty for $500,000 in
cash or shares at any time, and may purchase an additional one-third
(i.e. 1%) of the royalty for an additional $1,000,000 in cash or shares.
Any shares issued in connection with the exercise of the option or
purchase of a royalty interest will be issued at the price per share
which is equal to the average closing price of the Company's shares over
the 10 consecutive trading days ending on the fifth day prior to the
payment due date. The proposed option is subject to acceptance by the TSX
Venture Exchange.

Energy Division Update

The winter exploration program at Kodiak's West Millennium project in the
Athabasca Basin of northern Saskatchewan has been completed. Kodiak
drilled five core holes totaling nearly 4,000 metres testing a 14 km long
trend of structural and stratigraphic EM conductors. The exploration
program has confirmed and significantly expanded the size of the very
encouraging uranium anomalies and strong hydrothermal alteration found in
the historical Cameco drill hole CX-11. Four of the five drill holes
define a central zone of highly altered basement graphitic pelite
associated with strongly anomalous radioactivity (greater than 1100 cps,
up to 25x background) at the unconformity. A full report on this very
encouraging drilling program will be released when all assay results have
been received. More information about the West Millennium Project can be
found on Kodiak's web site: www.kodiakexp.com

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 20 m 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 TSL Laboratories Inc., Saskatoon, SK S7K
6A4. 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.

The geological information for the Hercules Project has been reviewed and
approved by Robert B. Hawkins, Kodiak's Chief Geologist, who is a
qualified person under the definitions established by National Instrument
43-101. For the Energy Division, the geological information has been
reviewed and approved by Keith Metcalfe, Chief Geologist-Energy Division,
who is a qualified person under the definitions established by National
Instrument 43-101.

On behalf of the Board of Directors

Robert J. Harrington, Managing Director

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.

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.

Contacts:
Kodiak Exploration Ltd.
Robert J. Harrington
Managing Director
(604) 688-9006
(604) 688-9029 (FAX)
info@kodiakexp.com
www.kodiakexp.com

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