Copper Discovery Opportunities in North America · 9/23/2020 · This presentation does not constitute an offer to sell or solicitation of an offer to buy any securities Kodiak Copper

September 2020 TSXV:KDK │ WKN: A2P2J9 │ OTC:KDKCF

Copper Discovery

Opportunities in

North America

www.kodiakcoppercorp.com TSXV:KDK │ WKN: A2P2J9 │ OTC:KDKCF 2

Forward Looking Statement

This presentation contains "forward-looking statements". These forward-looking statements are made as of the date of this

presentation and Kodiak Copper Corp. does not intend, and does not assume any obligation, to update these forward-looking

statements. Forward-looking statements include, but are not limited to, statements with respect to the timing and amount of estimated

future exploration, success of exploration activities, expenditures, permitting, and requirements for additional capital and access to

data. Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual

results, performance or achievements of the Company to be materially different from any future results, performance or achievements

expressed or implied by the forward-looking statements. Such factors include, among others, risks related to actual results of current

exploration activities; changes in project parameters as plans continue to be refined; the ability to enter into joint ventures or to

acquire or dispose of property interests; future prices of mineral resources; accidents, labour disputes and other risks of the mining

industry; ability to obtain financing; and delays in obtaining governmental approvals or financing.

This presentation does not constitute an offer to sell or solicitation of an offer to buy any securities Kodiak Copper Corp.

The reader is cautioned that Mineral Resources are not Mineral Reserves and do not have demonstrated economic viability, and

might never be converted into Reserves. Figures may not sum due to rounding. Decimal figures do not indicate added level of

precision. Cpt = carats-per-tonne; Mct=million carats; Mt=million tonnes

Historic information reported herein was obtained from publicly available sources and industry reports. Kodiak believes this

information to be from reliable sources using acceptable industry practices at the time, but the Company has not independently

verified and cannot guarantee the accuracy of the historic information disclosed, therefore readers should use caution in placing

reliance on such information. Management also cautions that Kodiak has not performed any exploration on the MPD Project to date.

Comparisons to adjacent or similar mineral properties, deposits and mines are provided for information purposes only. Kodiak has no

interest in, or rights to explore or mine any such properties and references to other deposits reported herein are not indicative of

deposits or results obtained on the Company's properties.

Jeff Ward, P.Geo, is the Qualified Person as defined by NI 43-101 standards responsible for reviewing the technical content of this

presentation.


Applying Chris Taylor’s Successful Great Bear

Formula in Copper/Gold Porphyries

Kahuna

MPD Copper-Gold Project (British Columbia)

◆ Recently consolidated porphyry project

◆ Road accessible, in prolific copper-gold belt

◆ Near producing mines –Copper Mountain, Highland Valley, New Afton

◆ High-grade Gate Zone Discovery in 2020

Mohave Copper-

Molybdenum-Silver Project(Arizona)

◆ Porphyry project near Freeport McMoran’s Bagdad mine; geologically and structurally analogous

◆ Excellent infrastructure

Kodiak’s Strategy:

Large scale assets,

100% owned

Easily accessible,

established district

Previously drilled -

but new geological

interpretation


Why Invest in Kodiak Copper Now?

Sister company of Great Bear (TSXV-GBR), which recently made one of the most significant gold discoveries globally – both companies founded by Chris Taylor

Applying Great Bear’s strategy in the copper space – unlock the value of historically drilled, underexplored assets in prime locations using new interpretation and technology

Proved our approach with Gate Zone discovery on our first drill program – best hole in the 50-year history of the MPD copper gold project in Southern BC

Drilling at MPD ongoing – significant high grade discovery in September (282m of 1.16CuEq, incl 45m of 2.75% CuEq), more results throughout Q3/4

Strong cash position and tight capital structure, only 37 million shares outstanding

Member of Discovery Group led by well-respected mining entrepreneur John Robins –access to capital, A-list geologists, reputation for rewarding shareholders


Track Record of Discovery & Shareholder Returns

Christopher Taylor, Chairman

Mining entrepreneur and founder of Kodiak Copper. Structural and

economic geologist with 20+ years of experience with producers and

exploration companies. Founder, CEO & President of Great Bear

Resources. Led the Kodiak’s spin-out of Solstice Gold Inc and is a

current Director.

Claudia Tornquist, M.Eng, MBA, President & CEO

Formerly GM at Rio Tinto working with Rio Tinto’s copper and

diamond operations. Also held the position of EVP Business

Development for the streaming company Sandstorm Gold. Director

of Silver One Resources and former director of Kennady Diamonds,

leading the $176m sale of the company to Mountain Province as

chair of the special committee of the board.

John Robins, P.Geo, Advisor

30+ years of corporate experience with publicly listed companies.

Founder of the Discovery Group of Companies. Director of Bluestone

Resources, Fireweed Zinc, ValOre Metals, K2Gold. Founder and

Director at Kaminak Gold through to its acquisition by Goldcorp for

$520 million in 2017. Co-founder of Hunter Exploration and former

Chairman of Northern Empire (sold to Coeur Mining).


Discovery Group – Access to Expertise, Contacts,

Capital

KDK


Board Members

Gary Schellenberg, B.Sc. Geology, Director

30 years of worldwide exploration and venture capital

experience. Director of Winspear Resources, which sold

the Snap Lake diamond mine to DeBeers in the 1990’s

Steven Krause, CPA, CA, ICD.D, Lead Ind. Director

CFO of Viva Gold Corp and former CFO of Bear Creek

Mining. Former chairman of Luna Gold, where he led the

$360m merger with JDL Gold to form Trek Mining

Chad Ulansky, B.Sc. P.Geo, Director

Extensive exploration experience in precious and base

metals that includes the original Ekati diamond discovery

Tony Ricci, CA, CFO & Director

Chartered accountant with 20+ years of practice

experience. Instrumental in several major mining project

sales

Advisors

Tom McCandless, Ph.D., P.Geo,

35+ years including Chief Mineralogist for Ashton Mining,

Superior Minerals and Stornoway

Jim Paterson, B.Comm

20 years of corporate experience with TSXV companies

incl. Northern Empire, Bluestone Resources, Kaminak

Gold, ValOre Metals

Board, Advisors, Management

Advisors (con’t)

John Robins, P.Geo, Advisor

Founder of Discovery Group, one of Canada’s most

successful exploration groups. Former Chair of

Kaminak (purchased for $520M by Goldcorp).

Recognized by the Assoc. for Mineral Exploration in

British Columbia with the H.H. “Spud” Huestis Award.

Management

Jeff Ward, P.Geo, VP Exploration

Precious and base metals exploration in Canada for

35+ years with Kivalliq Energy, Corona Corp, Ashton

Mining, Stornoway Diamonds

Andrew Berry, VP Operations

Exploration operations for 35+ years in the Americas

and Africa

Emily McNie B.Sc, Project Geologist

Project geologist in Canada since 2011

Knox Henderson, Investor Relations

20 years marketing, investor communications for

TSX-V, CSE and NASDAQ listed companies


“While conventional cars have 18-49 pounds

of copper, hybrid electric vehicles contain

approximately 85 pounds, plug-in hybrid

electric vehicles use 132 pounds, battery

electric vehicles contain 183 pounds – Copper

Alliance

“BHP now estimates that “at least 132 million

EVs will be on the world's roads in 2035” - BHP

Green Revolution Fuels Copper Demand, Copper

Deficit Looming

“Over the next 26 years the world is going to

mine more copper than what has been mined

in all history.” – USGS, Chief Economist, 2018

“To enable any plausible growth in emission-

free energy, more copper will be required in

the next 25 years than was consumed in the

last 500 years.” – Rio Tinto


A Drought of New Copper Discoveries

“Copper projects are notoriously large-scale

in size, and the pipeline of new projects is

the lowest in a century” - Mining.com

“More copper was found in 1991 alone than

all of the copper found in the last 10 years”

– Cambridge House

Annual Copper Discoveries (>1bn lbs Cu)

“Despite significantly higher exploration

spend there were only 102mt of copper in 21

discoveries cover the last 10 years. This

compares to 992mt in 199 discoveries over

the preceding 19 years” – Mining Journal


MPD – Recently Consolidated Land Package, Large

Copper-Gold Porphyry System

Copper Mountain Mine

◆ Large, 7,850-hectare (78.5 km2) land package in South-Central British Columbia, 100% owned

◆ Porphyry project consolidated from three properties (Man, Prime, Dillard); explored since the 1960’s but never as single project with modern methods

◆ In a proven, mineral producing belt with mines nearby (New Afton, Highland Valley, Copper Mountain), some with similar geology and mineralization to MPD

◆ Easily accessible and cost-effective to explore

Source: BC Geological Survey


MPD – Road Access and Close to Infrastructure

◆ Property adjacent to highways and with excellent road and trail access

◆ Close to nearby mines, transmission corridor and towns of Merritt, Princeton and Kelowna

To

Merritt

(35 km)

To Princeton

(25 km)

97C

Summers

Creek Rd

5 KM

Man

DillardPrime

MPD

PROPERTY

To Kelowna

(55 km)


MPD – Good Historic Drill Results, Most Drilling

Very Shallow

◆ 129 drill holes (25,780 m) completed from 1966 to 2014. Previous operators include Rio Tinto PLC (LSE:RIO) and Newmont Mining Corp (NYSE: NEM)

◆ Numerous showings; copper and gold confirmed across a large, 10km2 area

◆ Mineralization from surface, historic drill holes rarely tested below 200m vertical depth

◆ Discovery potential with deeper drilling

To Merritt

(35 km)

To Princeton

(20 km)

ManDillard

Prime

MPD PROPERTY

Cu Au Porphyry

MPD PROPERTY

Cu Au Porphyry

Source: Magnetic 1st Vertical Derivative - Canadian Airborne Geophysical Database,

GSC 1947-2010 and; Assessment Reports to MEMPR, 1980 to 2013


MPD – 2019 Maiden Drill Program Yielded

Best Hole in 50-Year History of Property

◆ Kodiak’s first drill program at MPD in November 2019 (1,766m) yielded excellent results

◆ Deeper drilling than historic holes

◆ Discovery hole MPD19-003 mineralized from bedrock surface to 800m, open at depth and average grade of 0.28% CuEq over 763.6m (0.21% Cu, 0.07 g/t Au and 0.77 g/t Ag)*

◆ Several higher-grade intervals including: 102m of 0.68% CuEq (0.53% Cu, 0.16 g/t Au and 1.71 g/t Ag)*

◆ Highest grades encountered just below shallow historic drilling extents

*See Kodiak news release 2020/01/16


MPD – 2020 Follow-up Drilling at Gate Targets Large

Geophysical Anomaly, Indicative of Porphyry Centre

◆ 2020 ZTEMTM airborne geophysical survey provides first property-wide geophysical data down to a depth of 1000 metres

◆ Data shows large resistivity anomaly that coincides with high-grade drill intervals at Gate Zone

◆ 4000m drill program in summer 2020 targets this anomaly which may indicate a substantial porphyry centre


MPD – Discovery of Significantly Higher Copper-Gold

Grades Transformative for the Project

Hole ID From (m) To (m)Width**

(m)% Cu Au g/t Ag g/t %CuEq*

MPD-20-004 263 545.0 282.0 0.70 0.49 2.65 1.16

Includes 305 530.0 225.0 0.80 0.58 2.92 1.34

Includes 329 482.0 153.0 0.88 0.74 3.37 1.57

Includes 329 425.7 96.7 1.00 0.86 4.19 1.80

Includes 380 425.7 45.7 1.41 1.46 5.56 2.75

◆ Discovery of central high-grade copper-gold zone within wider mineralized envelope at Gate

◆ Best intercept of 282 m of 0.70% Copper and 0.49 g/t Gold (1.16% CuEq), including 45.7 m of 1.41% Copper and 1.46 g/t Gold (2.75% CuEq)

◆ High gold values, approx. 1:1 ratio of g/t gold to % copper indicative of proximity to porphyry centre

◆ Significant mineralization over substantial widths in all 2020 holes to date

*See Kodiak news release 2020/09/03


MPD – High-Grade Copper-Gold Zone within Wider

Mineralized Envelope

Hole ID From (m) To (m) Width**(m) % Cu Au g/t Ag g/t %CuEq*

MPD-20-004 380.0 382.8 2.8 0.99 0.58 3.7 1.55

MPD-20-004 382.8 386.0 3.3 1.19 0.67 4 1.83

MPD-20-004 386.0 389.0 3.0 2.54 1.39 6.9 3.86

MPD-20-004 389.0 392.0 3.0 2.64 1.87 13.3 4.46

MPD-20-004 392.0 395.0 3.0 1.61 1.43 6.8 2.97

MPD-20-004 395.0 398.0 3.0 1.15 1.20 3.8 2.27

MPD-20-004 398.0 401.0 3.0 1.06 1.45 4.2 2.41

MPD-20-004 401.0 404.0 3.0 1.75 1.79 7.6 3.43

MPD-20-004 404.0 407.0 3.0 1.87 3.34 9.3 4.98

MPD-20-004 407.0 410.0 3.0 0.70 1.21 2.7 1.81

MPD-20-004 410.0 413.0 3.0 0.90 1.57 4.5 2.36

MPD-20-004 413.0 416.0 3.0 0.54 0.89 2.5 1.37

MPD-20-004 416.0 419.0 3.0 1.20 1.33 4.7 2.44

MPD-20-004 419.0 422.0 3.0 1.48 1.79 5 3.14

MPD-20-004 422.0 423.0 1.0 0.87 0.97 2.3 1.77

MPD-20-004 423.0 425.7 2.7 1.70 1.67 5.5 3.26

◆ Interpreted as an upright and intact porphyry

system with zoned/varied alteration to depth,

porphyry related veining-breccia with significant

intervals of Cu-Au-Ag mineralization

◆ Discovery of a central high-grade copper-gold

zone within the wider copper-gold mineralized

envelope of the Gate Zone

◆ Will continue to vector in on geological and

structural controls of high grade mineralization

Assay table and core pictures from MPD-20-004 & MPD-20-005 from news release Sep, 3 2020.


MPD – Drilling Ongoing, Great Potential for More

Discoveries

◆ Further drilling planned will test 1km long by 300m wide copper-in-soil target at Gate Zone

◆ Analogous target to Gate in the Dillard area

◆ Multiple other drill targets across large, 10km2 area

◆ Work to date shows all the hallmarks of a well-mineralized, large or multi-centre porphyry system

Source: Historic IP chargeability compilation (contours mV/V): Magnetic and Induced Polarization Survey - Walcott and Associates Ltd. for Candorado Operating Co. Ltd., 2007 and; Induced Polarization Survey, Dillard Property – Scott Geophysics Ltd. for Fjordland Exploration Ltd., 2013


Mohave – Bagdad Mine Analogue in Prolific Arizona

Mining District

◆ 100% owned copper-molybdenum-silver porphyry project with sizeable footprint

◆ 1,025 hectare (10km2) land package in Mohave County, Arizona

◆ 33km east of Freeport’s Bagdad mine; geologically and structurally similar


Mohave – Road Access and Year-Round Exploration

Potential

To

Phoenix

(160 km)

1 KM

MOHAVE

PROPERTY

93To

Bagdad

(33 km)

◆ Adjacent to highway between Phoenix and Las Vegas, excellent road and trail access

◆ Water well just off-property (500m) and transmission lines nearby

To

Las Vegas

(213 km)

Water well


Mohave – Immediate Exploration Upside, Slated for

Next Drill Program

◆ Drilling in 1960's/70's identified porphyry mineralization in shallow RC holes (15)

◆ Very little recent drilling (11 holes in 2011) -historically defined targets, geophysical and geochemical anomalies remain untested

◆ Magnetics define sizeable donut-type feature, characteristic of porphyry deposits

◆ Extensive rock and soil mineralization over large area (2.5 x 2.5 km) with coincident IP anomaly

Source: Historic Compilation, Exploration Data and Presentations - Bluestone Resources Inc,, 2011


Kodiak’s Porphyry Projects - Summary & Highlights

Assets• Portfolio of two 100% owned copper porphyry projects: MPD & Mohave

• Advanced exploration stage, highly prospective, significant size potential

Jurisdiction• Safe, mining-friendly jurisdictions – British Columbia & Arizona

• Year-round work possible at both projects

Infrastructure • Adjacent to paved highways in established mining regions

Team• Proven base and precious metal expertise: Chris Taylor, Claudia Tornquist, John

Robins, Tom McCandless

Permitting/

Community• Fully Permitted for Exploration

Key Milestones

✓ Q1 2020: MPD Gate Zone Discovery in Maiden Drill Program

✓ Q2 2020: MPD Airborne ZTEM Geophysical Survey

✓ Q2 2020: Start of MPD Phase II Drill Program

✓ Q3 2020: MPD Drill Results – High-grade Discovery

❑ Q3/4 2020: Further MPD Drilling & Results


Timeline & Milestones

MPD

Drill Results, Gate Zone Discovery

Data Analysis

Geophysics/ZTEMTM Survey

Prospecting & Sampling

Phase II Drill Program

Phase II Drill Results

Further Drilling & Results

2020 Program

Q1 Q2 Q3 Q4


Kodiak Copper Corp. TSX-V:KDK (as of Sep 22, 2020, all C$)

Share Price $2.53

Market Cap $96 M

Shares Outstanding 37.9 M

Options (avg. exercise price $0.59) 2.8 M

Warrants (avg. exercise price $0.78) 6.3 M

Fully Diluted Shares 47 M

TSX.V:KDK – One Year (9/22/2020)

52-Week Hi-Lo: $3.28 - $0.19 CAD

(incl private placement)


Contact Information

1020 - 800 West Pender Street,

Vancouver, BC, V6C 2V6

Phone: +1 604 646 8362

Email: [email protected]

www. kodiakcoppercorp.com

TSXV:KDK │ WKN: A2P2J9 │OTC:KDKCF

Documents

Copper Discovery Opportunities in North America · 9/23/2020 · This presentation does not constitute an offer to sell or solicitation of an offer to buy any securities Kodiak Copper