Kodiak Energy, Inc. and Subsidiary Cougar Energy, Inc. Releases Reserves Assessment and Evaluation Report

Kodiak Energy, Inc. (TSX VENTURE:KDK) (OTCBB:KDKN) ("Kodiak" or the
"Corporation") and its majority controlled private subsidiary, Cougar Energy,
Inc. ("Cougar") releases its Reserves Assessment and Evaluation of the oil
properties of Cougar, as prepared by independent petroleum consultant, GLJ
Petroleum Consultants Ltd.  The report provides the assessment and evaluation on
the recently acquired properties in and adjacent to the CREEnergy project,
namely the Trout properties, plus the additional properties of Crossfield and
Alexander.  The full report will be available today on Cougar's webpage at
http://www.kodiakpetroleum.com/s/CougarEnergy.asp.


About Cougar: 

Cougar Energy, Inc. is based in Calgary, Alberta Canada and a privately held
subsidiary of parent company, Kodiak Energy, Inc. The focus is on the
exploration and development of Canadian based onshore oil and gas properties.
The current projects are Lucy in the Horn River Basin in northeast British
Columbia and CREEnergy Joint Venture and area projects located in north central
Alberta. Additional information on the "Lucy" and CREEnergy projects are
available at http://www.cougarenergyinc.com.


About Kodiak: 

Kodiak Energy, Inc. is a Calgary, Alberta, Canada based publicly traded oil and
gas exploration and development company focused on developing and exploring
onshore oil, gas and CO2 properties within North America. Our main prospect is
located in the northeast New Mexico. Through our private subsidiary, Cougar
Energy, Inc., we are developing the projects of Lucy in the Horn River Basin in
northeast British Columbia and CREEnergy Joint Venture and area projects located
in north central Alberta. Additional information on Kodiak is at
http://www.kodiakpetroleum.com.


Forward-looking Statements: This press release contains forward-looking
statements. The words or phrases "would be," "will" "intends to," "will likely
result," "are expected to," "will continue," "is anticipated," "estimate," or
similar expressions are intended to identify "forward-looking statements". The
Corporation's business is subject to various other risks and uncertainties,
which may be described in its corporate filings (www.sec.gov and www.sedar.com).
Statements made herein are as of the date of this press release and should not
be relied upon as of any subsequent date. The Corporation cautions readers not
to place reliance on such statements. Kodiak undertakes no obligation to update
or publicly revise forward looking statements or information unless so required
by applicable securities laws.