Kodiak Energy, Inc.
OTC Bulletin Board : KDKN

Kodiak Energy, Inc.

November 24, 2006 13:54 ET

Kodiak Energy to File Its Quarterly Report Late

CALGARY, ALBERTA--(CCNMatthews - Nov. 24, 2006) - Kodiak Energy, Inc. (OTCBB:KDKN) announced that it will be filing its September 30, 2006 quarterly report on Form 10-QSB after the November 20, 2006 extension deadline. The Company will restate its 2005 10KSB and its 2006 10-QSB for March 31 and 10-QSB for June 30 in the fiscal quarter ended September 30, 2006. The work required by the Company to prepare this quarterly report exceeded what usually would be expected for an ordinary fiscal quarter. The Company has been working diligently to integrate the information into its existing reporting framework and the Company will employ its utmost efforts to remedy in a timely fashion the delinquency in filing its quarterly report on Form 10-QSB.

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.

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