Magnum Hunter Resources Announces Revocation of Alberta Securities Commission Cease Trade Order

HOUSTON, TX--(Marketwired - Jul 15, 2013) - Magnum Hunter Resources Corporation (NYSE: MHR) (NYSE MKT: MHR.PRC) (NYSE MKT: MHR.PRD) (NYSE MKT: MHR.PRE) ("Magnum Hunter" or the "Company") announced today that the cease trade order with respect to the Company's securities issued by the Alberta Securities Commission on April 26, 2013 due to the delay in the filing of the Company's 2012 annual disclosure documents was revoked by the Commission on July 12, 2013. The Company anticipates that similar cease trade orders issued by the Manitoba Securities Commission on May 7, 2013, the Ontario Securities Commission on May 15, 2013 and the Quebec Securities Commission on May 16, 2013, and the cease trade orders applicable only to insiders of the Company issued by the British Columbia Securities Commission on April 29, 2013 and May 22, 2013, will be similarly revoked by those commissions in the near future.

The Company's 2012 annual disclosure documents and interim disclosure documents for the three-month period ended March 31, 2013 were filed under the Company's profile on SEDAR on June 18, 2013 and July 9, 2013, respectively.

About Magnum Hunter Resources Corporation

Magnum Hunter Resources Corporation and subsidiaries are a Houston, Texas based independent exploration and production company engaged in the acquisition, development and production of crude oil, natural gas and natural gas liquids, primarily in the states of West Virginia, Ohio, Kentucky and North Dakota. The Company is presently active in three of the most prolific unconventional shale resource plays in North America, namely the Marcellus Shale, Utica Shale and Williston Basin/Bakken Shale.

For more information, please view our website at www.magnumhunterresources.com.

Forward-Looking Statements

The statements and information contained in this press release that are not statements of historical fact, including all estimates and assumptions contained herein, are "forward looking statements" as defined in Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and "forward-looking information" as defined under Canadian securities laws (collectively, "Forward-Looking Statements"). These Forward-Looking Statements include, among others, statements relating to the future revocation of certain cease trade orders issued in respect of the Company's securities. These Forward-Looking Statements are subject to numerous assumptions, risks, and uncertainties, including that the revocations of such cease trade orders may not be issued in the timeframes anticipated. Because Forward-Looking Statements are subject to risks and uncertainties, actual results may differ materially from those expressed or implied by such statements. Readers are cautioned not to place undue reliance on Forward-Looking Statements, contained herein, which speak only as of the date of this document. Other unknown or unpredictable factors may cause actual results to differ materially from those projected by the Forward-Looking Statements. Unless otherwise required by law, the Company undertakes no obligation to publicly update or revise any Forward-Looking Statements, including estimates, whether as a result of new information, future events or otherwise. All Forward-Looking Statements attributable to the Company are expressly qualified in their entirety by these cautionary statements.