Shareholder news

MAY 2008
KDC 2008 fiscal year report 2
repatriation commission 3
alutiiq masks 4
mining shutdown update 5
calendar of events 7
Alutiiq Mask
Shareholder
news
koniag, inc.
Vision: Cultural Pride, Corporate Excellence. Mission: To sustain growth and provide increasing dividends while celebrating community and culture.
Cultural Pride,
Corporate Excellence
New mission and vision statement for Koniag
created from Shareholder survey, board
retreat and management guidance.
By Will Anderson, President / CEO Koniag, Inc., and
Chris Johnson, Koniag Board Chairman
Your Board of Directors and management have been
busy these past few months. In addition to reviewing and
approving the annual operating budget, the Board and
senior management team met in early March for our
annual strategic planning retreat. During this retreat the
group developed a new vision statement that will guide
the Corporation’s actions for the next several years.
the survey
The strategic planning process started with an in-depth
survey that allowed Shareholders a chance to provide
valuable input and guidance. This research was
conducted by the same firm that later ran the Board’s
strategic planning retreat.
Conducting Shareholder surveys is really nothing new for
Koniag. The Board has always placed a high priority on
hearing and understanding your needs and concerns. However,
this year we decided to take a slightly different approach.
Past surveys were done by telephone where a series of
structured questions were asked that would only allow
for a limited range of answers. While easy to tabulate
and analyze, these types of surveys offer little chance
of getting individual Shareholder views and opinions
beyond the established questions.
This year we used an Internet-based survey that was
much more “free form,” allowing participants to input
ideas and express concerns literally without limit. The
response to the survey was somewhat mixed, with some
Shareholders expressing frustration with the format.
Instead of a quick yes or no, those Shareholders who
completed the survey were required to put a considerable
amount of thought into their answers. As a result, the
number of completed surveys received was relatively
low. However, the responses received were particularly
valuable and insightful.
VALUABLE FEEDBACK
The most common theme found was the need for
increased and improved communication. This was
valuable information because we felt that we had made
great strides in this area, and now we know we still
have much work to do.
The survey data also contained several useful, practical
suggestions for enhancing efficiency and communication.
A responder suggested we offer our quarterly newsletter
in electronic format for those Shareholders who prefer
this method of delivery. While we would continue to
produce and mail printed copies of the newsletter,
if a Shareholder opted to receive their newsletter
electronically, it would be distributed by email, rather
than by the traditional postal system. This is potentially a
great idea since it provides the prospect of saving money
in printing costs and postage and allows more frequent
communication with little added cost.
(continued on page 2)

Alutiiq Masks Tour Alaska
Imagine if you could see the world through your
ancestors’ eyes. Alutiiq people will experience
a glimpse of their remarkable past through
“Giinaquq – Like A Face,” an exhibition of 19th
century masks from Kodiak. Collected by a
French anthropologist in 1872, these rare pieces
of Alutiiq spiritual life are returning to Alaska for
an eight-month tour. Thirty-four carved images
will help viewers understand Alutiiq rituals and
provide a unique view of traditional Alutiiq art.
Mark your calendars! The exhibition, a creation
of Kodiak’s Alutiiq Museum and the Château
Musée of Boulogne-sur-Mer, France, will be on
display in Kodiak from May 24 through Sept. 27,
2008 and will show at the Anchorage Museum at
Rasmuson Center from October 2008 through
January 2009. The Anchorage display coincides
with the 2008 Alaska Federation of Natives
Convention. Learn more at the Alutiiq Museum’s
website at www.alutiiqmuseum.org.
survey drawing winners
Shareholders who provided between 2-6 promises in the survey conducted by Customer Experiences Inc. before the March
2008 deadline were eligible for a cash drawing. The three winners are:
$1,000 Prizewinner - for providing 6
or more Promises: Vanessa Hicks
$500 Prizewinner - for providing 4
or 5 Promises: Darrell Berntsen
$250 Prizewinner - for providing 2
or 3 Promises: Ada Panamarioff
Congratulations to the winners, and a hearty thank-you to all Shareholders who responded to the survey!
MISSING ShareholderS
Without current addresses, Koniag, Inc. is unable to send dividend checks, election materials, newsletters and job
notices. For a complete list of missing Shareholders please visit www.koniag.com/Shareholders, or contact
Gloria Bishop at gbishop@koniag.com, (907) 486-2530 or (800) 658-3818. Thank you for your help.
page four

(above) To ensure the subsistence life would continue after Red Dog
Mine closes, NANA and Teck Cominco Alaska created a long-term
reclamation plan for the mine.
(left) Red Dog Mine is located in the heart of NANA’s region in
Northwest Alaska; it is approximately 90 miles North of Kotzebue and
52 miles inland from the coast of the Chukchi Sea.
The Clean Water Initiative (also known as the Anti-Mining Campaign) has the potential for tremendous
impact upon all Alaska Native corporations including Koniag, Inc. This is because Alaska Native Claims
Settlement Act (ANCSA) corporations realize profit sharing of monies earned by subsurface enterprises such
as mining and oil drilling, and pass those along as 7(i) dividends to Shareholders. Koniag remains sensitive
to environmental concerns, which have the potential to impact our State’s rich natural resources, as well as
our traditional subsistence way of life and commercial fisheries and other commerce that depends upon
Alaska’s natural bounty. We feel it is important that Shareholders learn about both sides of this issue. The
article below expresses the view of Alaskans Against the Mining Shutdown.
Initiatives take away Natives’ rights to develop resources
Two initiatives that may appear on the August primary
ballot would shut down mining in Alaska, depriving many
Alaska Natives of the right to develop their land and
achieve self-sufficiency, while significantly impacting 7(i)
and 7(j) distributions.
“The end result of the ballot initiatives would be a shutdown
in jobs, a shutdown of a rapidly-growing sector of Alaska’s
economy and, for many communities, a shutdown of hope.
These initiatives would have a devastating effect on Alaska’s
mining families and be a serious economic blow to rural
communities and the economy statewide,” said Marie Greene
of Kotzebue, President of NANA Regional Corporation.
Initiative 1 prohibits new metal mines from operating in
watersheds containing salmon streams or drinking water
resources, which is essentially the entire state of Alaska.
Initiative 2 prohibits the release of chemicals into streams
or waterways, which rewrites Alaska’s environmental laws
without public hearing or legislative oversight and establishes
a standard so high it is unlikely that any mine can meet it.
The Alaska Department of Law believes the initiatives also
apply to existing mines when they seek new permits – which
they do on a regular basis – or when they want to expand
their operations. The Red Dog Mine, on land owned by
NANA Regional Corp., is seeking approval to develop the
Aqqaluk Project, located adjacent to the existing main deposit.
The payout from Red Dog is expected to increase
dramatically if zinc and lead prices remain strong and the
mine is allowed to expand. The mine is expected to produce
more than $6.5 billion in net proceed payments to NANA.
Of that, more than $4 billion will be shared with other Alaska
Natives if Alaskans reject these initiatives.
The Alaska Federation of Natives acknowledged the threat
posed by the initiatives in its 2007 resolution: “The Alaska
Federation of Natives does hereby formally state its opposition
to the Alaska Clean Water Initiative.”
To find out more about the initiatives, visit www.nana.com or
www.againsttheshutdown.com.
The development of natural resources on Native land has
greatly benefited every Alaska Native. Almost $1 billion in
7(i) payments have been distributed, including $110 million
from Red Dog Mine.
Wilbur Atoruk is a fuel/freight haul truck driver with nineteen years experience with Red Dog Mine.
page FIVE

Alutiiq Artist Steven Revet
Artist Steven Revet started carving ivory, wood and
soapstone in 1993. In addition to carving, he enjoys
rendering drawings of wildlife and portraits of Native
Americans in pencil and charcoal. Steven also expresses
his drawings through scrimshaw, preferring to work on
fossilized mammoth ivory or antler. Steven often finishes
his scrimshaw pieces with polished hardwood bases.
Miniature versions of his scrimshaw appear on pendants
and earrings, which you can currently find for sale at the
Alutiiq Museum Gift Shop.
Nancy Anderson Obituary
Nancy E. Anderson was born
June 21, 1929 in Sitka, Alaska.
After losing both of her parents
Dorothy (James) and Joseph
Truitt, Nancy attended Bureau
of Indian Affairs boarding
school in Sitka and was a
member of Mt. Edgecombe’s
first graduating class of 1948.
Nancy moved to Kodiak as a
young woman and lived the
remainder of her life there,
until her death on Oct. 6, 2007.
Nancy will be remembered for her enduring commitment
to the Alaska Native community. She served on the Natives
Zack C. Katelnikoff Obituary
Zack C. Katelnikoff, 75, of San Diego, California, died on
Feb. 9, 2008. Zack died peacefully at home, after a brief
illness, surrounded by his children and grandchildren. He was
a beloved grandfather, husband, father, brother and favorite uncle.
Zack was born on March 29, 1932 in the village of Ouzinkie,
Alaska, to Polly and John Katelnikoff. He grew up in Ouzinkie,
and graduated from Mt. Edgecombe High School in Sitka in
1950. Zack served proudly and with honor in the U.S. Navy
from 1951-1955 with an Honorable Discharge.
Zach had a distinguished and enjoyable career in Alaska
where he worked as a commercial fisherman from 1956 to
1985. Zach cherished many friendships established during
his fishing career.
of Kodiak Board of Directors for 32 years and attended
Alaska Federation of Natives (AFN) Conventions. She was
active in many Native groups including the Alutiiq Heritage
Foundation, the Alaska Tribal Council, the Kodiak Area
Native Association, Koniag and the Sun’aq Tribe of Kodiak.
In 2007, she was nominated for AFN’s Elder of the Year.
Nancy is survived by her children Carlene McChesney,
Dale Erickson and Darryl Wilson of Kodiak; son Melvin
Erickson of Anchorage; sisters Corrine Heaton of Bellevue
and Millie Maddox of Anchorage; brother Gil Truitt of
Sitka; and grandchildren Richie Forster and Heidi Kelly.
She was preceded in death by her parents Dorothy James
and Joe Truitt Sr., brothers Joe, Jr., Al and Jake Truitt and
daughter Mya Clark.
Zack was also the favorite uncle who taught everyone how
to fish as children. Zack enjoyed spending time fly fishing,
playing bingo and Texas Hold ‘em, and reading John
Grisham novels. His favorite activity was to spend time with
his granddaughters, teaching them the Old Language and
taking them to the park.
Zack is survived by his daughter Lisa Katelnikoff; son Peter
Katelnikoff; son-in-law Chris O’Neill; granddaughters Meaghan
Katelnikoff and Elise O’Neill, and grandson Zachariah
Katelnikoff; and his sister Kathy Richards and brother-in-law
Leroy Richards. Zack was preceded in death by his beloved
wife of 22 years, Linda, his parents Polly and John Katelnikoff,
brother Fred Katelnikoff, sister Tina Veenstra, and nieces
Darlene Needham and Thelma Hamilton.
Zack spent many of his off-season vacations in Seattle,
Washington where he met and married his soulmate, Linda.
Together they had two children and raised their family
between Alaska and Washington. When they semi-retired in
1993, they took over a flower shop in Las Vegas and turned it
into quite a bloomin’ business.
A memorial service was held at First Anchorage Baptist
Church on Feb. 21, 2008.
Rhiannon Barlow Obituary
Rhiannon Barlow, beloved daughter of Andrew and Angela (Floyd) Barlow, was born on April
12, 2007. She passed away on July 9, 2007 in Bremerton, Washington of Sudden Infant Death
Syndrome. Rhiannon is survived by her parents, her brothers Gabriel and Gunnar, grandparents
Donald and Eileen Floyd, great-grandparents Henry and Pia Stream and Hans and Donna
Webb and her uncle Michael Floyd.
page SIX

A Contest of Wills
The Wills Contest Winner for the 2008 First Quarter drawing was:
Sabrina Vinson - $250. Congratulations, Sabrina!
Next Draw Dates: June 30 and Sept. 30 for $250. Nov. 8 for $1,000.
Koniag is holding cash drawings to encourage Shareholders to turn in
their Koniag Stock Will Form (KSW) in an attempt to reduce the cost of
searching for heirs for an estate when a Shareholder passes away without
a valid will form. All Shareholders who have provided a valid KSW form
will have a chance to win $250 each quarter and $1,000 at the Annual
Meeting. Regardless of past wins, every name goes in the pot.
Below is an explanation of how stock is distributed without a valid
will. Koniag is required by Alaska law to divide your shares as follows:
1. Married, with children – 50 percent goes to your spouse, 50 percent
is split equally between the biological/legally adopted children.
2. Married, no children – spouse inherits 100 percent.
3. Not married – children inherit equally (biological and/or adopted).
If a child has died, the issue(s) of the deceased child (your grand
children including those legally adopted) split that portion of the
stock your child would have inherited.
4. Not married, no children – biological parents inherit equally.
5. Not married, no children, parents deceased – biological/adopted
siblings split the stock. If sibling has died, the issue(s) of the
deceased sibling (your nieces or nephews biological and/or
adopted) inherit their parent’s share.
6. If, after a minimum of seven years, and every effort has been
made to locate potential heirs but Koniag has been unable to
locate any, the stock reverts back to Koniag.
Everyone who has provided a KSW Form with Koniag, Inc., is
eligible for the cash drawings. Any changes you want to make on
your KSW Form must be made by filling out a new KSW form
which supersedes (voids) the old Koniag Stock Will Form.
Forms are available online at www.koniag.com/shareholders, call
(907) 486-2530 or toll-free, (800) 658-3818 or email Gloria Bishop
at gbishop@koniag.com.
Request for Smoked Salmon Bids
Once again, Koniag is seeking bids for smoked red or silver
salmon. The bids should cover 700 pieces of salmon (approx.
8 oz. each), vacuum-packed and delivered to Koniag’s office
and up to five other meeting locations. The first delivery date is
Aug. 25, 2008. The deadline to submit bids is June 15, 2008.
This smoked salmon is given each year to Shareholders and
Descendants attending at Koniag’s Annual and Informational
Meetings. Koniag can only accept commercially-caught fish,
smoked in accordance with state and federal regulations.
Please submit bids to:
Cheryl Christofferson
Koniag, Inc.
104 Center Avenue, Suite 205
Kodiak, AK 99615
For further information, email cchristofferson@koniag.com
or call (907) 486-2530 or toll-free (800) 658-3818.
MAY 2008
KONIAG, INC.
104 Center Ave., Ste. 205, Kodiak, AK 99615
Address Service Requested
Board of Directors
Chris A. Johnson, Chairman
Michael Pestrikoff, Vice Chairman
Richard D. Frost, Secretary
Ronald Unger, Treasurer
Perry Eaton
Lois Fields
Brent Parsons
Conrad Peterson
Linda Suydam
Staff
Will Anderson, President/CEO
Jim Erickson, Sr. Vice President, Finance/CFO
Charlie Powers, Vice President, Corporate Affairs
Gloria Bishop, Manager, Shareholder Records
Jacqueline Madsen, Manager, Shareholder Communications
Chuck Reft, Manager, Lands & Natural Resources
Erin Whipple, Lands & Natural Resources Project Director
Cheryl Christoffersen, Executive Assistant
Kathryn Chichenoff, Receptionist
Sasha Corbin, Administrative Assistant I, Shareholder Department
First Class Mail
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Permit No. 717
Anchorage, AK
(907) 486-2530 (800) 658-3818 Fax (907) 486-3325
www.koniag.com
©Koniag, Inc. 2008