2009-04-16-2009-04-16-2009-04-16

Entered farm in to earn 30% WI in "Lucy" Horn River Basin work program in British Columbia.

Cougar Energy Inc., a subsidiary of Kodiak Energy Inc., Calgary, (CDNX: KDK; OTCBB: KDKN) has entered a farmout and participation agreement in British Columbia with Trivello Energy Corp., Vancouver (CDNX: TRV). Trivello will provide 90% of the funding for the first phase of the "Lucy" Horn River Basin work program. Upon completion of the funding, Trivello will earn an additional 30% working interest in the wells and property. Upon Trivello fulfilling the project funding terms of the farmout and participation agreement, Cougar's working interest in the project will be 50%, with Trivello at 40% and another joint venture partner at 10%. Cougar remains operator. The a-79-A Lucy well was drilled and cased in the first quarter of 2008. The test results indicated an average of above average total organic compound values of 3.68% with peaks of 5.7% and approximately 60 meters pay zone. It is intended that the first phase of the work program be commenced after spring breakup, consisting of entering the existing a-79-A vertical well bore, perforating the Muskwa/Evie interval, performing a vertical shale-gas-fracture treatment, testing and evaluating pressures and production. The well is expected to be equipped and tied in to the existing pipeline in the northwest corner of the lease prior to winter 2009. Kodiak president and chief executive Bill Tighe says, "We are very pleased with the arrangement reached with Trivello, as it moves the Lucy Horn River project forward while our private subsidiary, Cougar, focuses on the CREEnergy project. We look forward to working with Trivello on the Horn River project."