Kodiak Drilling Continues to Expand the Milestone Gold Project

VANCOUVER, BRITISH COLUMBIA--(Marketwire - June 28, 2010) - Kodiak Exploration Limited (TSX VENTURE:KXL)(FRANKFURT:KX3) is pleased to announce assay results for the first three diamond drill holes from its planned 10,000 metre Phase Two exploration program at the Milestone Gold Project in the Beardmore-Geraldton gold camp in northern Ontario. Diamond drill hole MS10-18B has intercepted a thick, higher grade zone of gold mineralization at the eastern end of the robust Milestone gold system: 22.0 metres grading 2.20 gpt gold (101-123 metres) including 8.0 metres grading 5.61 gpt gold (111-119 metres) and 1.0 metre grading 11.10 gpt gold (117-118 metres). Drill hole MS10-18, drilled up dip and in the same section as MS10-18B, was collared in the gold mineralized zone and cut 15.0 metres grading 1.00 gpt gold (25-40 metres). Down dip from MS10-18B, drill hole MS10-19 cut 19.0 metres grading 0.98 gpt gold at 245-264 metres. A cross section through these drill holes and a plan map are shown below.

Step out drilling to the east of this zone continues to expand the size of the Milestone gold system: Drill hole MS10-21, collared 100 metres east of MS10-18B contains visible gold as does drill hole MS10-27 which was drilled a further 250 metres east of hole 21. These drill holes, coupled with previously announced drill results, define a strike length of at least 2,800 metres for the Milestone gold system; interpretation of geophysical data indicate the gold mineralized structure may be up to 13 kilometres in total extent. Drilling has intercepted the gold mineralized shear zone to depths of 250 metres and the system remains open. Gold assays for drill holes MS10-20 through -27 are pending.

To view "Cross Section 57250E, Milestone Project, Ontario", please click the following link: http://media3.marketwire.com/docs/kxl0628a.pdf

To view "Plan Maps of diamond drilling, Milestone Project, Ontario", please click the following link: http://media3.marketwire.com/docs/kxl0628b.pdf

The geological information for the Beardmore-Geraldton regional exploration project has been reviewed and approved by Darren Lindsay, Kodiak's Vice President-Exploration, who is a qualified person under the definitions established by National Instrument 43-101.

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 20m 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 Accurassay Laboratories Inc., Thunder Bay, ON, P7B 5X5. 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.

On behalf of the Board of Directors

Brian J. Maher, President and Chief Operating Officer

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.

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