GreenHunter Energy Declares Monthly Cash Dividend on 10% Series C Cumulative Preferred Stock

  GreenHunter Energy Declares Monthly Cash Dividend on 10% Series C Cumulative
  Preferred Stock

Business Wire

GRAPEVINE, Texas -- March 8, 2013

GreenHunter Energy, Inc. (NYSE MKT: GRH), (the “Company”) announced today that
it has declared a monthly cash dividend on the Company’s 10.0% Series C
Cumulative Perpetual Preferred Stock (“Series C Preferred Stock”).

The dividend on the Series C Preferred Stock, which is for the month of March
2013, is payable on April 1, 2013, to holders of record at the close of
business on March 19, 2013. The payment will be 10.0% annualized per share,
which is equivalent to approximately $0.208 per share, based on the $25.00 per
share liquidation preference of the Series C Preferred Stock.

About GreenHunter Energy, Inc.

GreenHunter Energy, Inc. is a diversified renewable energy company
predominately focused on water resource management in the unconventional oil
and natural gas shale resource plays. Through its wholly owned subsidiary,
GreenHunter Water, LLC, the Company provides Total Water Management Solutions™
in the oilfield. In addition to licensing of and joint ventures with
manufacturers of mobile water treatment systems (Frac-Cycle^TM), GreenHunter
Water is expanding capacity of salt water disposal facilities, next-generation
modular above-ground storage tanks (MAG Tank™), advanced hauling and fresh
water logistics services—including 21st Century tracking technologies
(RAMCAT^TM) that allow Shale producers to optimize the efficiency of their
water resource management and planning while complying with emerging
regulations and reducing cost.

Additional information about GreenHunter Water may be found at
www.GreenHunterWater.com

Forward-Looking Statements

Any statements in this press release about future expectations and prospects
for GreenHunter Energy and its business and other statements containing the
words "believes," "anticipates," "plans," "expects," "will" and similar
expressions constitute forward-looking statements within the meaning of the
Private Securities Litigation Reform Act of 1995. Actual results may differ
materially from those indicated by such forward-looking statements as a result
of various important factors, including the substantial capital expenditures
required to fund its operations, the ability of the Company to implement its
business plan, government regulation and competition. GreenHunter Energy
undertakes no obligation to update these forward-looking statements in the
future.

Contact:

GreenHunter Energy, Inc.
Jonathan D. Hoopes
President & COO
1048 Texan Trail
Grapevine, TX 76051
Tel: (972) 410-1044
jhoopes@greenhunterenergy.com
 
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