Kodiak Appoints Peter Holbek as Advisor

Rhea-AI Summary

Kodiak Copper (OTCQB: KDKCF) has appointed Peter Holbek as a technical advisor to the company. Holbek, former Vice President of Exploration at Copper Mountain Mining Corp. (2007-2022), brings 45 years of experience in geology, mineral exploration, resource estimation, and mine development.

Holbek's expertise includes directing exploration efforts at the Copper Mountain project, which shares geological similarities with Kodiak's MPD project in Southern British Columbia. His achievements include leading geo-metallurgical data integration into resource models and receiving the E.A. Scholz medal for excellence in mine development in 2013.

Additionally, the company announced that Mark Laycock will assume the role of Corporate Secretary while maintaining his position as CFO, replacing departing Corporate Secretary Harpreet Bajaj.

Positive

• Appointment of highly experienced technical advisor with 45 years of relevant expertise
• Advisor's direct experience with neighboring Copper Mountain mine sharing geological similarities with MPD project
• Strategic timing of appointment coinciding with maiden resource estimate development

Negative

• Loss of previous Corporate Secretary indicates some management turnover

Vancouver, British Columbia--(Newsfile Corp. - March 26, 2025) - Kodiak Copper Corp.(TSXV: KDK) (OTCQB: KDKCF) (FSE: 5DD1) (the "Company" or "Kodiak") announces the appointment of Mr. Peter Holbek as a technical advisor of the Company. Mr. Holbek is a former senior executive at Copper Mountain Corp. whose namesake mine is located near Kodiak's MPD project in Southern British Columbia, with many similarities in geology and structural setting.

Mr. Holbek has 45 years of experience in geology, base and precious-metal mineral exploration, resource estimation and mine development. He was most recently Vice President, Exploration at Copper Mountain Mining Corp., a post he held from 2007 to 2022, where he directed exploration efforts; initially to define sufficient mineral reserves to advance the Copper Mountain project into production, and subsequently to grow the resources of this major mine. Working with metallurgy, engineering, grade control and environmental professionals, he led the incorporation of geo-metallurgical data into resource models which facilitated the prediction of mine throughput, metal recoveries and tailings characteristics. In 2013, he was awarded the E.A. Scholz medal for excellence in mine development by the Association for Mineral Exploration (AME) of B.C.

Mr. Holbek holds B.Sc.(hons.) and M.Sc. degrees in Geological Sciences from The University of British Columbia and is a professional geoscientist registered with EGBC. He has authored, or co-authored, numerous scientific publications on both porphyry copper-gold and volcanogenic massive sulphide deposits.

Claudia Tornquist, President and CEO of Kodiak, said, "We are thrilled to welcome Peter Holbek as an advisor to Kodiak Copper. Peter brings a wealth of experience, most importantly his long tenure as VP Exploration at the neighbouring Copper Mountain mine, where he was instrumental in defining the resources and reserves that allowed this large historic copper mine to be put back into production. His deep knowledge of the regional geology and extensive expertise in resource development will provide important insights as we complete our maiden resource estimate for MPD and advance the project towards development. We look forward to benefiting from Peter's technical guidance as we continue to unlock the full potential of MPD."

Kodiak also announces the appointment of Mr. Mark Laycock as Corporate Secretary of the Company, in addition to his role as CFO, and the departure of Harpreet Bajaj, the Company's previous Corporate Secretary. The Company thanks Ms. Bajaj for her services and wishes her the best in her future endeavors.

On behalf of the Board of Directors

Kodiak Copper Corp.

Claudia Tornquist
President & CEO

For further information contact:
Nancy Curry, VP Corporate Development
ncurry@kodiakcoppercorp.com
+1 (604) 646-8362

About Kodiak Copper Corp.

Kodiak is focused on its 100% owned copper porphyry projects in Canada and the USA 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 Terrane in south-central British Columbia, Canada, a mining district with producing mines and excellent infrastructure. MPD has all the hallmarks of a major, multi-centered porphyry district with the potential to become a world-class mine. Work to date has outlined multiple substantial mineralized zones across the property, including several zones with near-surface, high-grade mineralization. A maiden resource estimate for MPD is planned in 2025 and with known mineralized zones open to expansion and more target areas yet to be tested, Kodiak continues to systematically explore the project to build critical mass and make the next discovery. The Company also holds the Mohave copper-molybdenum-silver porphyry project in Arizona, USA, 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.

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.

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 Company's exploration plans. 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. These assumptions and risks include, but are not limited to, assumptions and risks associated with conditions in the equity financing markets, and assumptions and risks regarding receipt of regulatory and shareholder approvals.

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/246063

FAQ

What experience does Peter Holbek bring to Kodiak Copper (KDKCF)?

Peter Holbek brings 45 years of experience in geology and mineral exploration, including 15 years as VP Exploration at Copper Mountain Mining Corp (2007-2022), where he led resource development and geo-metallurgical integration.

How is Peter Holbek's experience relevant to KDKCF's MPD project?

Holbek's experience at Copper Mountain mine, which shares geological similarities with KDKCF's MPD project in Southern BC, makes him particularly valuable for developing MPD's maiden resource estimate.

What management changes were announced by Kodiak Copper (KDKCF)?

KDKCF appointed Peter Holbek as technical advisor and Mark Laycock as Corporate Secretary (while maintaining his CFO role), replacing Harpreet Bajaj.

What are Peter Holbek's key achievements in the mining industry?

Holbek received the E.A. Scholz medal for mine development excellence in 2013 and successfully led exploration efforts that enabled Copper Mountain's return to production.