Western Refining Declares Special Dividend of $1.00 Per Share

Western Refining Declares Special Dividend of $1.00 Per Share

EL PASO, Texas, Nov. 6, 2012 (GLOBE NEWSWIRE) -- Western Refining, Inc.
(NYSE:WNR) today announced that its Board of Directors declared a special cash
dividend in the amount of $1.00 per share of common stock, payable on December
7, 2012, to shareholders of record at the close of market on November 19,
2012.

Jeff Stevens, Western's President and Chief Executive Officer, commented, "The
decision by our Board of Directors to declare a special dividend emphasizes
our commitment to return cash to our shareholders. Our balance sheet continues
to improve, with fourth quarter cash currently averaging approximately $680
million. As we previously announced, we have increased our dividend to $0.08
per share for the third and fourth quarters of 2012 and initiated a share
repurchase program of up to $200 million. These actions further demonstrate
our confidence in the continued strength of the margin environment and the
investments we are making in our business."

About Western Refining

Western Refining, Inc. is an independent refining and marketing company
headquartered in El Paso, Texas. Western operates refineries in El Paso, and
Gallup, New Mexico. Western's asset portfolio also includes stand alone
refined products terminals in Albuquerque and Bloomfield, New Mexico; asphalt
terminals in Phoenix and Tucson, Arizona, Albuquerque, and El Paso; retail
service stations and convenience stores in Arizona, Colorado, New Mexico and
Texas; a fleet of crude oil and finished product truck transports; and
wholesale petroleum products operations in Arizona, California, Colorado,
Maryland, Nevada, New Mexico, Texas, and Virginia. More information about the
Company is available at www.wnr.com.

The Western Refining, Inc. logo is available at
http://www.globenewswire.com/newsroom/prs/?pkgid=7615

Cautionary Statement on Forward-Looking Statements

This press release contains forward-looking statements which are protected as
forward looking statements under the Private Securities Litigation Reform Act
of 1995.The forward-looking statements contained herein include statements
about future: commitment to return cash to shareholders, improvements in our
balance sheet, strength of the margin environment, and investments in our
business.These statements are subject to the general risks inherent in our
business and may or may not be realized.Additional information relating to
the uncertainties affecting Western's business is contained in its filings
with the Securities and Exchange Commission. The forward-looking statements
are only as of the date made, and Western does not undertake any obligation to
(and expressly disclaims any obligation to) update any forward-looking
statements to reflect events or circumstances after the date such statements
were made, or to reflect the occurrence of unanticipated events.

CONTACT: Investor and Analyst Contact:
         Jeffrey S. Beyersdorfer
         (602) 286-1530
        
         Media Contact:
         Gary Hanson
         (602) 286-1777

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