HUNTSVILLE, Tenn., April 29 /PRNewswire-FirstCall/ -- Miller Energy Resources, Inc. (OTC:MILL) (BULLETIN BOARD: MILL) announced today it has initiated a $20 million acquisition and development program to be offered immediately. The program has been designed to fund many of the acquisitions that Miller is presently evaluating. According to Miller CEO, Scott M. Boruff, "This program offers the opportunity to fund acquisition targets that make sense financially at today's commodity prices. This will lead to tremendous upside to Miller when commodity prices rebound. With our legacy of experience and unique understanding of the Southern Appalachian Basin we are positioned to identify, evaluate and take control of many of the best projects that come across my desk daily. From our perspective, this is a tremendous time to be expanding in the energy sector." Funding for the program is via private placement memorandum. The managing Broker Dealer is Empire Securities Corp. Universal City California. This news release shall not constitute an offer to sell or the solicitation of an offer to buy this offering. About Miller Energy Resources, Inc. Miller Energy Resources, Inc. is an oil and natural gas exploration, production and drilling company operating primarily in the heart of Tennessee's prolific and hydrocarbon-rich Appalachian Basin. Company chairman Deloy Miller has a successful track record spanning more than forty years in this Basin's oil and gas industry. Since 1967, Miller has drilled or serviced over 5200 wells. This experience has positioned Miller as one of Tennessee's premier energy companies. Forward Looking Statements Certain matters discussed within this press release are forward-looking statements. Although Miller Energy Resources, Inc. believes the expectations reflected in such forward-looking statements are based on reasonable assumptions, it can give no assurance that its expectations will be attained. Factors that could cause actual results to differ materially from expectations include financial performance, regulatory changes, changes in local or national economic conditions and other risks detailed from time to time in Miller's reports filed with the SEC, including quarterly reports on Form 10-Q, reports on Form 8-K and annual reports on Form 10-K. http://www.millerenergyresources.com/ DATASOURCE: Miller Energy Resources, Inc. CONTACT: Scott M. Boruff, Miller Energy Resources, Inc., +1-423-663-9457, Fax: +1-423-663-9461 Web Site: http://www.millerenergyresources.com/

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