KDKN Kodiak Energy Inc (CE)

Kodiak Energy, Inc. (TSX VENTURE: KDK) (OTCBB: KDKN), ("Kodiak" or the "Corporation") announces today's filing of its December 31, 2008 Reserves Reports NI-51-101F1, NI 51-101-F2 and NI-51-101-F3 and such reports are available for viewing on the SEDAR website at www.sedar.com. The reports will also be filed on Kodiak's website at www.kodiakpetroleum.com by the end of this week.

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 prospects are located in the central Mackenzie River Valley of the Northwest Territories and 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 located in north central Alberta.

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.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Contacts: Kodiak Energy, Inc. William Tighe President and CEO (403) 262-8044 Email: info@kodiakpetroleum.com Website: www.kodiakpetroleum.com