Kodiak provides results of Lucy project

Kodiak Energy, Inc. says that the first set of lab results relating to the Lucy Project has been returned to the company on March 7, 2008 - revealing average Total Organic Compounds (TOC) values of 3.68% with peaks of 5.7%.

The formation thickness demonstrated by the drilling logs shows approximately 60 meters. Kodiak will receive additional lab results as they become available in the near future. Management’s data and calculations suggest 20bcf of gas per section as a baseline Muskwa resource estimate.

Land sale activity in the area has increased with $67 million being spent on purchases in February, for an average $640,000 per section, and over 300 additional sections posted for March and April in upcoming sales.

Kodiak is the operator of and is a 80% working interest owner in the Lucy project which comprises approximately 3 sections gross in the Northeast British Columbia.