July 30, 2009 (FinancialWire) (Investrend Research Syndicate) — Ernest C. Schlotter, a senior analyst with SISM Research and a four star analyst according to StarMine, recently published an 3-page update report on Kodiak Energy, Inc. (OTCBB: KDKN) (TSX Venture: KDK) (CDNX: KDK.V), dated July 23, 2009, outlining major milestones the company achieved during the previous six weeks.

A complementary report is available for download via the Investrend Syndications website (http://www.investrendsyndications.net/resources/sism%20research/kdkn). The full report includes important disclosures, disclaimers and analyst information. Investrend and SISM Research both advise investors to exercise a reasonable degree of due diligence before trading in the equities of any public company, including carefully reading entire analyst reports and report disclosures, and then only in conjunction with advice from a registered financial advisor or broker. Investrend and SISM Research both further advise that any analyst rating, recommendation, target valuation, price target or opinion should be considered merely a portion of an investor’s total investigative process.

According to the report:

“The past six weeks have been dynamic in Kodiak’s development. Kodiak reached significant milestones and is becoming a producing oil and gas company. In early June the Company added 18,000 more acres of land in the immediate vicinity of its core project. Five weeks ago, the Kodiak’s wholly owned subsidiary, Cougar Energy, entered into a strategic long-term financing agreement with a Swiss based private Energy Equity Fund to develop the Company’s core asset in north central Alberta. On July 14, Cougar successfully funded and completed the JV transaction with CREEnergy. This deal gives Kodiak’s Cougar Energy 100% control for up to 345,000 gross acres in north central Alberta. The initial leases are rights on a total of 46,000 gross acres for a lease term of ten years. As the project moves forward, additional leases will be identified and added to the joint venture. Additional progress was achieved early this week when Kodiak reached an agreement with a private company to acquire eleven producing wells and 21 low cost workovers or recompletion wells adjacent to the CREEnergy JV project. This new deal will deliver immediate cash flow to Kodiak’s Cougar. Based on historical well data from the Bison Lake and Peerless/Trout Lake areas, Cougar Energy could find up to 200 million recoverable barrels of oil and 1 Tcf of natural gas, translating into a project value of $1.5 billion or $15/share ($12/share if the new financing package is fully drawn and Kodiak retain a minimum of 81% ownership in Cougar Energy). Although these numbers must be validated by a third party engineering firm. At this time, capital costs in the province of Alberta are still low, making this project very lucrative.”

About SISM Research:

SISM Research is a private investment research firm, based in Zurich, Switzerland, offering independent, fundamental research on public companies since 1995. SISM Research publishes research on micro- to small-cap companies trading on the OTC, NASDAQ, AMEX and TSX stock exchanges. SISM research coverage platforms are geared toward institutional and individual investors in both North America and in Europe. SISM Research, as a member-provider of the FIRST Research Consortium, takes steps to ensure the independence and integrity of SISM’s published research that exceed those of the CFA Institute Code of Ethics and Standards of Professional Conduct and the CFA-NIRI Guidelines, by following the exacting “Standards for Independent Research Providers”, which are also in accordance with guidance set forth by U.S. Securities and Exchange Commission’s Advisory Committee on Smaller Public Companies (http://www.sec.gov/info/smallbus/acspc/acspc-finalreport_d.pdf).

About The Investrend Research Syndicate:

The Investrend Research Syndicate, a proprietary entity of Investrend Communications, Inc., distributes reports published by sources dedicated to unbiased, reliable analytics and complete transparency. The primary measure for determining those sources is the “Standards for Independent Research Providers”.

Disclosures:

Morgarten Financial Services (a “third party”) has paid SISM Research a retainer of eight thousand eight hundred and fifty US dollars to resume continuing coverage of Kodiak Energy, Inc. for a two-year period, and Morgarten Financial Services is under contract to pay SISM Research an ongoing fee of one thousand eight hundred and fifty US dollars per month over that two-year period to ensure continuation of SISM’s independent coverage of Kodiak Energy, Inc.

SISM has paid Investrend Communications, Inc. (”Investrend”) a portion of SISM’s collected fees from Morgarten Financial Services for a “distribution and visibility” program, provided by the Investrend Research Syndicate (Div., Investrend) in support of SISM’s Kodiak Energy, Inc.’s coverage.

“Safe Harbor” Statement:

The announcement used to derive the above article contained forward-looking information within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), including statements regarding potential sales, the success of the company’s business, as well as statements that include the word “believe” or similar expressions. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of Kodiak Energy, Inc. to differ materially from those implied or expressed by such forward-looking statements. Such factors include, among others, the risk factors included in reports filed with the SEC under the Exchange Act. This press release speaks as of the date first set forth above and Kodiak Energy, Inc. assumes no responsibility to update the information included herein for events occurring after the date hereof. Actual results could differ materially from those anticipated due to factors such as the lack of capital, timely development of products and services, inability to deliver products and services when promised, inability of potential customers to pay for ordered products and services, and political and economic risks inherent in international trade.

Cautionary Note to U.S. Investors:

The United States Securities and Exchange Commission permits oil and gas companies, in their filings with the SEC, to disclose only proved reserves that a company has demonstrated by actual production or conclusive formation tests to be economically and legally producible under existing economic and operating conditions. We use certain terms on this press release, such as prospective resource or Original Oil in Place, that the SEC’s guidelines strictly prohibit us from including in filings with the SEC. U.S. Investors are urged to consider closely the disclosure in our Form 10K. You can also obtain this form from the SEC by calling 1-800-SEC-0330.

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