To: LoneClone who wrote (21608 ) 9/20/2006 10:45:45 PM From: E. Charters Read Replies (1) | Respond to of 78416 The Kinghorn road is a known gold area in the Beardmore Geraldton camp of Ontario. which Roxmark and others who may know them have an interest. We know of several good high ounceage gold properties in the area. This is an encouraging assay or intercept if indeed it is true width or drilled the right way across the vein. *********************************** Kodiak Exploration Limited (KXL.V) is pleased to report a 16.6 metre intercept grading 15.59 g/t Au at its 100% controlled 14,970 acre Hercules Project in Ontario. The intercept is from diamond drill hole HR-06-03 which tested the Wilkinson Lake Gold Zone (the "WLG Zone"), one of ten gold showings identified to date on Kodiak's property, located in the Geraldton-Beardmore Mining Camp. This report covers the first 5 of 15 diamond drill holes which tested the WLG Zone for 240 metres along strike from surface channel sample WL-01, which averaged 9.76 g/t Au over 9.22 metres. All five drill holes intersected gold mineralization, with holes HR-06-02, HR-06-03 and HR-06-05 intercepting significant gold mineralization. HR-06-02 intercepted 11.5 m grading 10.37 g/t Au and HR-06-05 intercepted 5.95 metres grading 10.15 g/t Au. The WLG Zone remains open along strike and at depth. "Early indications from the program are very encouraging, and we are eagerly awaiting our next set of drill results," said Kodiak President Bill Chornobay. Mineralization discovered to date at Hercules is interpreted as a quartz-carbonate shear-zone hosted system. It consists of multiple zones of wide gold-bearing quartz veins and stockwork zones along a large shear system with a strike extent of at least 16 kilometres. The shear zone mineralization remains open in all directions. The shear system follows the mapped contact between granodiorite and porphyritic metavolcanic rocks. The WLG Zone is up to 15 metres wide on surface, with an average width of 11.2 metres, and a strike length of 240 metres which remains open to the west and east. The above-referenced 16.6 metre intercept in Hole HR-06-03 included 51.5 g/t Au over 4.85 metres, which in turn included 248.25 g/t Au over 1 metre containing visible gold. Results are pending for holes 6 to 15, which tested the strike length along the shallow-plunging WLG Zone. The vein strikes 120 degrees and dips 75 to 85 degrees to the south. All holes drilled to date have an azimuth of 030 degrees and were drilled across the vein with dips ranging from 45 to 80 degrees. Holes HR-06-12 and HR-06-13 intercepted 13 and 10 metres, respectively, of mineralized quartz veining and stockwork under the Kinghorn Road while testing the west end of the WLG Zone. Assays are pending.