Kodiak Energy, Inc.- Change in Director and Update to Annual Meeting of Shareholders

CALGARY, ALBERTA, Sep 05 (MARKET WIRE) --
Kodiak Energy, Inc. (TSX VENTURE: KDK) (OTCBB: KDKN) ("Kodiak" or the
"Corporation"), announces that Mr. Mark Hlady will not be standing for
re-election as a director at the Corporation's upcoming annual meeting of
shareholders. Mr. Hlady has chosen to focus on his other business
interests. Mr. Bill Tighe, Director, President and Acting Chief Executive
Officer, will assume the position of Chairman upon re-election to the
Board.

"Mr. Hlady's support and stewardship of Kodiak over the past years were
critical and invaluable", said Mr. Bill Tighe, President and Acting Chief
Executive Officer. Mr. Tighe added, "The Corporation would like to
express its appreciation to Mr. Hlady for his hard work and dedication,
and wish him well in his future endeavors."

The date for Kodiak's annual meeting of shareholders will be announced in
the next few weeks. The Corporation is currently working towards
presenting a director nominee to replace Mr. Hlady and the nominee to be
disclosed in the proxy statement. Even though the Corporation's proxy
information is in compliance with United States disclosure and regulatory
requirements, the Corporation's listing on the Toronto Venture Exchange
within this past year called for the proxy information to also be in
compliance with Canadian regulatory requirements. Furthermore, Kodiak's
accelerated filer status with the United States Securities and Exchange
Commission required additional disclosure in the proxy. Kodiak is in
process of ensuring that the proxy information satisfies both Canadian
and United States disclosure requirements prior to setting a meeting date.

About Kodiak

Kodiak Energy, Inc. is a Calgary, Alberta, Canada based publicly traded
oil and gas exploration and development company focused on creating a
portfolio of North American assets that offer production opportunities
and asset growth through exploration. Kodiak has lease holdings in
Montana, southeastern Alberta, northeastern Alberta and high impact
prospects located in the central Mackenzie River Valley of the Northwest
Territories, Canada and in northeastern New Mexico as well as a proposed
acquisition of Brink Energy via plan of arrangement for properties in
southwestern Manitoba, which will provide immediate cash flow to support
ongoing development activities.

Forward-Looking Statements

This press release may contain 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, which are
discussed in the Corporation's filings with the US Securities and
Exchange Commission and with Canadian securities commissions. The
Corporation's filings may be accessed at www.sec.gov or at 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. Unless
otherwise required by applicable law, we do not undertake, and we
specifically disclaim any obligation, to update any forward-looking
statements to reflect occurrences, developments, unanticipated events or
circumstances after the date of such a statement.

Further information relating to Kodiak may be found on www.sedar.com and
www.sec.gov under the Company's profile as well as on Kodiak's website at
www.kodiakpetroleum.com.

The TSX Venture Exchange has not reviewed
this news release and does not accept responsibility for the adequacy or
accuracy of this release.

Contacts:
Kodiak Energy, Inc.
William Tighe
President & Acting Chief Executive Officer
(403) 262-8044
Email: info@kodiakpetroleum.com
Website: www.kodiakpetroleum.com

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