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Kodiak Energy Splits Forward Shares

Kodiak Energy, Inc. (OTCBB: KDKN), is pleased to announce that the company has approved a forward split of two for one of its common shares. The effective date of the split is April 28, 2006, with a pay date of May 1, 2006. Split shares will be mailed by the transfer agent to shareholders.

Kodiak Energy, Inc., is a Calgary based Oil and Gas company focused on creating a portfolio of domestic low risk high impact assets that offer immediate production and cash flow.

This press release contains forward-looking statements. The words or phrases "would be," "will allow," "intends to," "will likely result," "are expected to," "will continue," "is anticipated," "estimate," "project," 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.

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