Kodiak Energy, Inc. Announces Statement of Claim Is Settled WithBrink Energy Ltd.

CALGARY, ALBERTA--(Marketwire - November 26, 2008) - Kodiak Energy,
Inc. (TSX VENTURE: KDK) (OTCBB: KDKN) ("Kodiak" or the "Corporation")
reports that a settlement was reached between the Corporation and
Brink Energy Ltd. ("Brink"), a private Alberta junior oil and gas
corporation. A statement of claim was filed by Kodiak against Brink
on September 12, 2008 in The Court or Queen's Bench of Alberta,
Judicial District of Calgary regarding the uncompleted transaction
arising from the binding letter agreement ("Agreement") signed on
June 18, 2008. Details to the transaction and statement of claim were
previously disclosed.
 
The settlement includes the repayment by Brink of the CAD$1,000,000
secured loan Kodiak made to Brink in July 2008, plus accrued interest
as well as a resolution of other outstanding matters. The Corporation
considers the issues between Kodiak and Brink have been resolved and
that Brink is not longer indebted to Kodiak.
 
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 and high impact prospects
located in the central Mackenzie River Valley of the Northwest
Territories, Canada and in northeastern 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." 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.
 
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 and Chief Executive Officer
(403) 262-8044
Email: info@kodiakpetroleum.com
Website: www.kodiakpetroleum.com
 
This announcement was originally distributed by Hugin. The issuer is 
solely responsible for the content of this announcement.