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Kodiak Announces Inaugural ESG Report

Corporate Updates

Kodiak Announces Inaugural ESG Report

Vancouver, British Columbia--(Newsfile Corp. - August 15, 2023) - Kodiak Copper Corp. (TSXV: KDK)

(OTCQB: KDKCF) (FSE: 5DD1) (the "

Company

" or "

Kodiak

") announces the publication of the

Company's first Environmental, Social and Governance ("

ESG

") report from Digbee ESG

TM

("

Digbee

"),

a leading independent assessment platform for the mining industry.

The report provides a comprehensive assessment of Kodiak's performance across a broad range of

ESG criteria, and Kodiak achieved an overall ESG score of "A" from Digbee's independent panel of

qualified Mining ESG experts who reviewed our submission against a set of rigorous and standardised

scoring criteria.

Claudia Tornquist, President and CEO of Kodiak said, "Excellence in ESG is an integral part of

Kodiak's strategy as we create value through responsible exploration. I am proud that our initial

submission was awarded a very strong 'A' score, and it is a pleasure to share Kodiak's ESG report

which transparently documents our performance in areas including health & safety, environmental

stewardship, community engagement and governance."

Mr Jamie Strauss, the founder and CEO of Digbee commented, "Kodiak has exemplified the benefit of

embedding ESG throughout an exploration company.

Given the strong set of policies and procedures

along with the clear culture running through the company, it is anticipated that the areas of observation to

further improve will be taken onboard and further strengthen the company's ESG footprint."

Details of Kodiak's ESG performance can be found on Kodiak's

website

and on Digbee's

website

.

On behalf of the Board of Directors

Kodiak Copper Corp.

Claudia Tornquist

President & CEO

For further information contact:

Nancy Curry, VP Corporate Development

[email protected]

+1 (604) 646-8362

About Digbee ESG™

Digbee ESG is an ESG disclosure platform for the mining industry. It offers a future-looking, right-sized

set of frameworks, aligned to the key global standards. It is accepted by leading stakeholders, hugely

simplifies ESG disclosure and rewards management action.

About Kodiak Copper Corp.

Kodiak is focused on its 100% owned copper porphyry projects in Canada and the USA. The

Company's most advanced asset is the MPD copper-gold porphyry project in the prolific Quesnel Trough

in south-central British Columbia, Canada. MPD has all the hallmarks of a large, multi-centered porphyry

system. Kodiak has made the Gate Zone discovery of high-grade mineralization within a wide

mineralized envelope, and MPD hosts several other targets with similar discovery potential. Kodiak also

holds the Mohave copper-molybdenum-silver porphyry project in Arizona, USA, near the world-class

Bagdad mine. Kodiak's porphyry projects have both been historically drilled and present known mineral

discoveries with the potential to hold large-scale deposits.

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, one of Canada's leading exploration

organizations.

Neither the 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.

Forward-Looking Statement (Safe Harbor Statement): This press release contains forward-looking

statements within the meaning of applicable securities laws. The use of any of the words "anticipate",

"plan", "continue", "expect", "estimate", "objective", "may", "will", "project", "should", "predict",

"potential" and similar expressions are intended to identify forward-looking statements. In particular,

this press release contains forward-looking statements concerning the Concurrent Financing,

including the size of the Concurrent Financing and the proceeds thereof, the proposed use of

proceeds, and the expected receipt of regulatory and stock exchange approvals. Although the

Company believes that the expectations and assumptions on which the forward-looking statements

are based are reasonable, undue reliance should not be placed on the forward-looking statements

because the Company cannot give any assurance that they will prove correct. Since forward-looking

statements address future events and conditions, they involve inherent assumptions, risks and

uncertainties. Actual results could differ materially from those currently anticipated due to a number of

assumptions, factors and risks, many of which are beyond the Company's ability to control or predict.

Factors that could cause actual results or events to differ materially from current expectations include,

but are not limited to, conditions in the equity financing markets, stock market volatility, unquantifiable

risks related to government actions and interventions, the termination of any agreement governing the

Concurrent Financing, changes in laws or permitting requirements, failure to obtain necessary

regulatory approvals as well as those risks identified in the Company's annual Management

Discussion & Analysis.

Management has provided the above summary of risks and assumptions related to forward-looking

statements in this press release in order to provide readers with a more comprehensive perspective

on the Company's future operations. The Company's actual results, performance or achievement

could differ materially from those expressed in, or implied by, these forward-looking statements and,

accordingly, no assurance can be given that any of the events anticipated by the forward-looking

statements will transpire or occur, or if any of them do so, what benefits the Company will derive from

them. These forward-looking statements are made as of the date of this press release, and, other than

as required by applicable securities laws, the Company disclaims any intent or obligation to update

publicly any forward-looking statements, whether as a result of new information, future events or results

or otherwise.

To view the source version of this press release, please visit

https://www.newsfilecorp.com/release/177223