Nov. 4, 2009 (Filing Services Canada) -- Kodiak Exploration Limited (KXL - TSX Venture, KXLAF - OTCBB_Pink_Sheets, KX3 - FWB), is pleased to announce the appointment of Mr. Thomas K. Barber to the Board of Directors and Mr. Tony Wood CA to the position of Chief Financial Officer. Both gentlemen bring a wealth of experience to the company and will help lead the company as it continues its efforts to develop Canada's next major gold camp at Beardmore-Geraldton while simultaneously pursuing new exploration and development opportunities in both the gold and uranium sectors.

Mr. Barber, based in Toronto, is Chairman of Deutsche Bank's Global Natural Resources Group which encompasses the Bank's investment banking activities for clients in the metals and mining, energy and utility industries. Mr. Barber is also Chairman of Deutsche Bank Securities Limited, the Bank's Canadian investment banking and securities arm. Over his near 30 year career as an investment banker, Mr. Barber has acted as an advisor and arranged financings for a number of leading Canadian based mining companies, including Inco, Noranda, Teck, Placer Dome and Barrick Gold. Mr. Barber has also worked with a number of major global mining companies, including BHP Billiton, Vale, and Anglo American amongst others. Mr. Barber acted as an advisor to Xstrata on its acquisition of Falconbridge in 2006 and as an advisor to Rio Tinto on its acquisition of Alcan in 2007. More recently Mr. Barber advised Petro Canada on its merger with Suncor. Mr. Barber has an Honours BA (Economics) from the University of Toronto and an MBA from the Richard Ivey School at the University of Western Ontario.

For over ten years Mr. Wood has held Executive positions in finance and operations with a number of publicly traded international mining and exploration companies. His experience covers projects in North and South America and Europe, across diverse targets that include precious and base metals, diamonds and uranium. His past roles have encompassed responsibility for planning and execution of mining and exploration projects, the development of corporate cultures that embrace strong financial and regulatory compliance and he has been a key component in corporate development and financing activities. Mr. Wood received his Chartered Accountant designation whilst with KPMG, in the City of London and then again in Canada, having previously attained a B.Sc. (Honours) in Management Sciences from Lancaster University, England, in 1989.

Exploration Update: Drilling continues on the company's flagship Hercules project in the Beardmore-Geraldton gold camp of western Ontario. The current drilling program at Hercules is designed to provide geologic and grade distribution data needed to complete a 43-101 compliant resource estimate in early 2010.