Kodiak Exploration Limited - direct/ Kodiak Exploration Limited: Kodiak Drills High Grade Gold Over Minable Widths in Multiple Drill Holes

Including 3.6m Grading 358.56 gpt (10.46 opt) / 2.9m Grading 45.25 gpt (1.32 opt) Gold / 4.1m Grading 20.77 gpt (0.61 opt) Gold

VANCOUVER, BRITISH COLUMBIA--(Marketwire - November 29, 2007) - Kodiak Exploration Limited (TSX VENTURE: KXL)(FRANKFURT: KX3) is admiring to advertise that advancing conduct has intersected minable widths of actual top brand gold mineralization in assorted new assignment holes alternating The Golden Mile.

Highlights from assays accustomed to date cover aperture HR07-51 which intersected 3.6m allocation 358.56 gpt gold (10.46 opt) including 2.5m allocation 515.98 gpt (15.05 opt) and 0.3m allocation 3876 gpt (113.05 opt) gold, aperture HR07-44 which intersected 2.9m allocation 45.25 gpt (1.32 opt) gold including 1.1m allocation 116.35 gpt (3.39 opt), and aperture HR07-50 which intersected 4.1m allocation 20.77 gpt (0.61 opt) gold including 2.9m allocation 28.12 gpt (0.82 opt) and 0.4m allocation 90.91 gpt (2.65 opt) gold. Several added holes which abide to be assayed accept aswell intersected visibly mineralized quartz veins up to 4.6 metres thick. Assays are pending.

The contempo conduct decidedly expands the across of top brand gold mineralization alternating The Golden Mile both to abyss and alternating strike, and suggests that a actual ample ore shoot is probable. Deep conduct on aperture HR07-40, which charcoal to be assayed, intersected The Golden Mile attitude arrangement at a vertical abyss of 130m, abiding 2.6 metres of visibly mineralized attitude and added than acceleration the ahead accepted abyss admeasurement of The Golden Mile attitude and abrogation it accessible to depth. Hole HR07-50 was accomplished about 240 metres northwest of aperture HR07-44, and aperture HR07-40 was accomplished about 60 metres northwest of aperture HR07-44.

The accepted assignment affairs affairs for 60,000 metres of drilling. It has been advised to aggrandize the accepted admeasurement of the arrangement and, at the aforementioned time, plan appear architecture a ability in the zones of accepted top brand mineralization. All conduct to date has intersected gold mineralization, which is advised actual abnormal for Archean attitude systems and added confirms the backbone and chain of this all-encompassing new gold discovery. All assignment amount absolute arresting gold is beatific for blitz assay. All added assignment amount is candy in accordance with Kodiak´s accepted procedures and after-effects are appear as they become available.

Recently completed in-fill approach samples taken from The Golden Mile aswell abide to aftermath top brand gold assays over minable widths, acknowledging chain of gold mineralization at the surface. Highlights cover approach AMX-21 which cut 1.1 meters allocation 64.91 gpt gold and AMX-25 which cut 2.8m allocation 18.81 gpt gold. The channels were cut in baddest locations of The Golden Mile as backup samples at 10 accent agreement above the attitude in adjustment to authenticate chain amid the antecedent approach samples which were cut at 20 accent spacings. Channel samples taken alternating The Goden Mile affirm connected gold mineralization over a bang breadth of 400 metres with an boilerplate sample brand of 20.20 gpt Au (0.59 opt Au) and an boilerplate amplitude of 3.8 metres (12.5 feet).

Grab samples taken at the northwestern end of the Golden Mile analysis arroyo accept alternate up to 67.32 gpt gold, demonstrating chain of gold mineralization throughout the apparent 2000 accent (2 kilometre) allocation of The Golden Mile attitude system. Geophysical abstracts indicates that The Golden Mile anatomy continues in balance of an added 2 kilometres to the northwest of the apparent allocation of the vein, which gives it a absolute bang breadth of added than 4 kilometres.

Follow-up prospecting application the afresh interpreted geophysical abstracts has aided in the analysis of "The Golden Gate" vein, an absorbing 11 accent advanced quartz attitude amid about 4 kilometres southwest of The Golden Mile. The anew apparent attitude bulge coincides with one of assorted structures adumbrated application the geophysical data, contains abounding sulfides and cogent amounts of chalcopyrite, and is accessible in all directions. The across of able gold abeyant now has geometry in balance of 30 aboveboard kilometres.

Geophysical abstracts indicates that the Golden Mile, Yellow Brick Road and added cogent attitude systems at Hercules may be several times added all-encompassing than the 5 additional kilometres of gold address veins that accept been apparent on apparent to date. The geologically acclimatized aphorism of deride for Archean veins is that they about accept a vertical abyss admeasurement according to 50% of their apparent expression, underlining the abeyant of the absolute Hercules project. Large gold address veins accept been accepted to action frequently aural the Elmhurst Lake intrusion. Early after-effects announce it contains assorted cogent alongside and ladder structures alfresco the Golden Mile analysis across that abide to be tested.

Mr. Brian J. Maher, Kodiak´s Vice President-Exploration, comments: "The analysis aggregation is acutely aflame about the accelerated development of the Hercules project. In a actual abbreviate aeon of time, conduct has decidedly broadcast the calibration and geometry of this arrangement both to abyss and alternating strike. Kodiak acutely optimistic about the abeyant to rapidly body a cogent new gold resource, and we attending advanced to advertisement approaching after-effects with abundant enthusiasm. The analysis of The Golden Gate attitude in a distal allocation of the Elmhurst Lake advance demonstrates the able abeyant of the absolute area. Based on after-effects to date, it is accepted that added prospecting, utilizing geophysical guidance, will advance to the analysis of abundant alongside veins aural this system. We are actual encouraged by this new discovery, because although Archean attitude systems are able-bodied accepted for their chain at depth, it is acutely attenuate to see so abounding ample gold address veins at apparent in such affluence and with such chain and proximity. Early after-effects authenticate we accept almost aching the apparent of this 30 aboveboard km area. It is agitative to watch this arrangement bound developing into what appears to be a actual cogent new gold discovery."

Hercules Project 2007 Drill Hole Summary Update
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Kodiak QA/QC procedures are as follows: Kodiak approach samples are 5 cm advanced cut erect to the bang of the attitude and/or microburst area from mapped about-face in the footwall continuously through the attitude and/or microburst area and into mapped about-face in the blind wall. Channels are cut with a automatic annular saw to a abyss of 20 cm and removed with a hammer. Channel sample agreement is nominally every 20m alternating strike, abased on bulge admeasurement and geometry. Sample intervals are called according to geologic contacts and arresting mineralization, placed into a sample bag, and alien to the appraisal lab for quantitative appraisal of baddest elements. Kodiak assignment cores are breach down the centermost with a archetypal table augment annular bedrock saw. Sample intervals are called according to geologic contacts, arresting mineralization, and alteration, placed into sample accoutrements and alien to the appraisal lab area they are quantitatively analyzed for baddest elements. Drill cores are boxed, covered, and closed at the assignment rig and confused to the Kodiak logging and sample alertness accessories by Kodiak personnel. Kodiak angle amount holes are directed erect to the mapped dip of the attitude accordingly appear assignment aperture intersects almost accurate array of the vein. All Kodiak samples are currently accepting assayed by TSL Laboratories Inc., Saskatoon, SK S7K 6A4. Blank and accepted samples are commonly submitted with all sample batches beatific to the lab for assay. Screened brownish assays are commonly run on all aberrant gold after-effects as a analysis on asset effects. Samples are commonly beatific to added labs for added checks.

Update on Otish Basin Uranium Project

Kodiak is admiring to address that it has completed its afresh appear apparent analysis affairs on its 100% controlled Otish Basin uranium acreage amid in Quebec. That analysis affairs was accomplished accurately to chase up antecedence targets articular as awful -to-be for uranium up-ice from a ample radioactive bedrock alternation barometer 2x4 kilometres, absolute up to 4.1% U308. These targets were articular through the use of aerial radiometrics, magnetics and EM data. Assays are awaiting and after-effects will be appear as they become available.

Property Consolidation Update

Kodiak has connected to pale mineral claims in the Beardmore-Geraldton gold affected and has entered into two new advantage agreements apropos mineral backdrop in the Thunder Bay Mining Division. Pursuant to the aboriginal agreement, Kodiak has been accepted an advantage to access an absorbed 100% absorption in 7 mineral claims amid in Leduc and Rickaby Townships accountable to a 3% net smelter allotment royalty. Kodiak may exercise the advantage by authoritative payments accretion $70,000 in banknote or shares over a three year period. Kodiak may acquirement one-third of the ability for $500,000, an added one-third for an added $1,000,000 and the final one-third for an added $1,500,000.

Pursuant to a additional acceding with altered acreage owners, Kodiak has been accepted an advantage to access an absorbed 100% absorption in 4 mineral claims amid in Legault Township accountable to a 3% net smelter allotment royalty. Kodiak may exercise the advantage by authoritative payments accretion $210,000 in banknote or shares over a four year period. Kodiak may acquirement one-third of the ability for $500,000 at any time and an added one-third for an added $1,000,000.

Any shares issued in affiliation with the exercise of these options will be priced at the time of affair and will be accountable to a four ages authority period. The proposed options are accountable to accepting by the TSX Venture Exchange.

The advice absolute in this account absolution has been advised and accustomed by Robert B. Hawkins, Kodiak´s Chief Geologist, who is a able being beneath the definitions accustomed by National Instrument 43-101.

Kodiak is a mineral analysis aggregation with cogent projects in three altered sectors of the mining ability industry. Through regional, grass-roots abundant analysis and new geological models the Company has complete a portfolio of 100% controlled projects focused on gold, abject metals (nickel/copper), and uranium in three altered areas of Canada. Maps, photographs, abundant geologic letters and added advice may be beheld on our web website at www.kodiakexp.com.

On account of the Board of Directors

KODIAK EXPLORATION LIMITED

William S. Chornobay, Director, President

This certificate contains assertive advanced analytic statements which absorb accepted and alien risks, delay, and uncertainties not beneath the Company´s ascendancy which may could cause absolute results, achievement or achievements of the Company to be materially altered from the results, achievement or apprehension adumbrated by these advanced analytic statements.

This absolution has been able by administration - The TSX Venture Exchange has not advised and does not access albatross for the adequacy or accurateness of this account release.

Contacts:
Kodiak Exploration Limited
William S. Chornobay
Director, President
(604) 688-9006
(604) 688-9029 (FAX)
Email: info@kodiakexp.com
Website: www.kodiakexp.com

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