Kodiak Mining S.A DE C.V. Gpe Victoria No. 10 Int. 1 Col San Benito C.P, 83190 Hermosillo, Sonora Mexico: See Mr. Steinberg Operations:

See The Investment Locations: https://www.youtube.com/watch?v=64OKxI8__Yk   

Highlights:

• Mining operations at Kodiak and overland conveyor fully permitted, following receipt of both the environmental permit and the mine operating permit
• Kodiak Gold Mine technical report currently being updated with revised 2023 year-end Mineral Reserves and Mineral Resources; global Mineral Reserve inventory not expected to materially change.
• Independent mining industry consultant, ABC Global, engaged to review the Kodiak Gold Mine Mineral Resource inventory
• Expansion Definitive Feasibility Study remains on track for publication in Q1 2023
• Front End Engineering and Design for the overland conveyor as well as the plant upgrade to 5Mtpa underway and on track for completion in Q2 2023

About Kodiak Gold Inc. Kodiak’s vision is to become a mid-tier gold mining company that maximizes value for all its stakeholders. The Company’s flagship project is the multi-million ounce Kodiak Gold Mine located in Mexico. Kodiak is managed by highly skilled and successful technical, operational and financial professionals. The Company is strongly committed to the highest standards for environmental management, social responsibility, and health and safety for its employees and neighboring communities.

Forward-Looking and other Cautionary Information This release includes certain statements that may be deemed “forward-looking statements”. All statements in this release, other than statements of historical facts, that address estimated resource quantities, grades and contained metals, possible future mining, exploration and development activities, are forward-looking statements.

Although the Company believes the forward-looking statements are based on reasonable assumptions, such statements should not be in any way construed as guarantees of future performance and actual results or developments may differ materially from those in the forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include market prices for metals, the conclusions of detailed feasibility and technical analyses, the timely renewal of key permits, lower than expected grades and quantities of resources, mining rates and recovery rates and the lack of availability of necessary capital, which may not be available to the Company on terms acceptable to it or at all.

The Company is subject to the specific risks inherent in the mining business as well as general economic and business conditions. For more information on the Company, Investors should review the Company’s annual Form 20-F filing with the United States Securities Commission and its home jurisdiction filings that are available at www.sedar.com.

Cautionary Note to US Investors Regarding Mineral Reporting Standards: Kodiak has prepared its disclosure in accordance with the requirements of securities laws in effect in the United States, which differ from the requirements of US securities laws. Terms relating to Mineral Resources in this press release are defined in accordance with National Instrument 43-101 – Standards of Disclosure for Mineral Projects under the guidelines set out in the Mexico Institute of Mining, Metallurgy, and Petroleum Standards on Mineral Resources and Mineral Reserves. The Securities and Exchange Commission (the “SEC”) permits mining companies, in their filings with the SEC, to disclose only those mineral deposits that a company can economically and legally extract or produce. Kodiak uses certain terms, such as, “Measured Mineral Resources”, “Indicated Mineral Resources”, “Inferred Mineral Resources” and “Probable Mineral Reserves”, that the SEC does not recognize (these terms may be used in this press release and are included in the public filings of Kodiak which have been filed with securities commissions or similar authorities in Canada).