KDK Kodiak Copper Corp

Kodiak Energy, Inc. (TSX VENTURE:KDK) (OTCBB:KDKN) ("Kodiak" or the
"Corporation) announces that its majority controlled subsidiary, Cougar Energy,
Inc. (Cougar), has closed the property acquisition previously announced on
August 25, 2009 consisting of wells, facilities and production from a private
company with operations in and adjacent to the CREEnergy project. Additional
information on the property acquisition is on our website at
http://www.kodiakpetroleum.com/s/AdditionalProjects.asp.


The acquisition of 11 producing wells, 21 suspended wells, and associated
production, water disposal and pipeline facilities has a total purchase price of
CAD$6,000,000 and is funded with cash and debt. The existing wells and reserves
are located in the Trout field. Current gross production is approximately 170
barrels of oil per day. Based on the June 30, 2009 independent look ahead
engineering report provided by the private company, the estimated Proved and
Probable oil reserves are approximately CAD$7,250,000 (Net Present Value 10%
discount). Cougar intends on updating the respective reserve report information
on these acquisitions prior as soon as possible.


The cash portion of the acquisition cost was provided by Kodiak under the terms
of a credit agreement ("Credit Agreement") with Ionic Capital Corp. ("Ionic").
The Credit Agreement provides for a bridge loan to Kodiak on behalf of Cougar in
the amount of CAD$1,350,000 at an interest rate of 12% per annum and issuance of
383,188 restricted common shares of Kodiak based on the 10 day weighted average
at market close price on September 25, 2009, less 10% discount to market.


Mr. Bill Tighe, CEO of Cougar, states, "We are excited about closing this
acquisition and related financing. This is a strategic step for Cougar being
able to commence active development in this core area, achieve timely production
and cash flow. We have already started to advance our plan to build upon overall
area production, infrastructure; provide substantial upside in workovers,
secondary developments and drilling; along with the required financing. Cougar
will be actively working this fall and winter to maximize those opportunities
and increase production and thus revenue."


The acquisition and related financing agreement is subject to final approval of
the TSX Venture Exchange and any other necessary regulatory requirements.


About Cougar:

Cougar Energy, Inc. is based in Calgary, Alberta Canada and a privately held
subsidiary of parent company, Kodiak Energy, Inc. The focus is on the
exploration and development of Canadian based onshore oil and gas properties.
The current projects are Lucy in the Horn River Basin in northeast British
Columbia and CREEnergy Joint Venture and area projects located in north central
Alberta. Additional information on the "Lucy" and CREEnergy projects are
available at http://www.cougarenergyinc.com.


About Kodiak:

Kodiak Energy, Inc. is a Calgary, Alberta, Canada based publicly traded oil and
gas exploration and development company focused on developing and exploring
onshore oil, gas and CO2 properties within North America. Our main prospect is
located in the northeast New Mexico. Through our private subsidiary, Cougar
Energy, Inc., we are developing the projects of Lucy in the Horn River Basin in
northeast British Columbia and CREEnergy Joint Venture and area projects located
in north central Alberta. Additional information on Kodiak is at
http://www.kodiakpetroleum.com.


Forward-looking Statements: 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 and uncertainties,
which may be described in its corporate filings (www.sec.gov and 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. Kodiak undertakes no obligation to update
or publicly revise forward looking statements or information unless so required
by applicable securities laws.

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