CALGARY, ALBERTA--(MARKET WIRE)--Mar 5, 2007 -- Kodiak Energy, Inc. (OTC BB:KDKN.OB - News) is pleased to announce that the Seismic Program for Little Chicago is progressing well - with the strong cooperation of the Aboriginal workers and contractors, the project is over 75% complete (140km of access ice roads, 2 km of ice bridges, 100% clearing of right of ways, 40% drilling of shot holes, and data acquisition to start on March 8) and is expected to be finished on schedule for March 15/16, 2007 and on budget.

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This work included the building of ice bridges and 140 km of access ice roads to the worksite. It included mobilization of a 56 man sleigh camp to the site. It includes 85 km of seismic acquisition. Once completed, the equipment and personnel will return to origin and all accesses reclaimed.

Upon the completion of the seismic and the Thunder River acquisition, Kodiak's control or working interest will rise to 56.25% of the acreage.

An independent evaluation of the Little Chicago Exploration license was completed by a qualified engineering analyst. This report bases its evaluation of potential reserves in only one of the several seismic structures observed on the property. The report compares the potential of this feature to the Keg River B pool at Rainbow Lake Alberta. The 200,000 acres Mackenzie River block EL 413 is believed to potentially contain up to 1 billion barrels oil and in excess of 600 bcf of natural gas.

Kodiak Energy, Inc is a Calgary based oil and gas company focused on creating a portfolio of North American assets that offer not only immediate production and cash flow but growth through exploration. The Company has lease holdings in Montana, South Eastern Alberta, North Eastern Alberta, an agreement to purchase mineral rights both in the North West Territories and New Mexico.

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." Actual results could differ materially from those projected in the Company's proposed oil and gas related business. The Company's business is subject to various risks, which are discussed in the Company's filings with the Securities and Exchange Commission ("SEC"). The Company's filings may be accessed at the SEC's Edgar system at www.sec.gov. Statements made herein are as of the date of this press release and should not be relied upon as of any subsequent date. The Company 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.

     Contacts:
     Kodiak Energy, Inc.
     Mark Hlady
     CEO
     (403) 262-8044
     Website (English): http://www.kodiakpetroleum.com
     Website (German): http://www.kodiakpetroleum.ch