Western Refining Provides Update on Corporate Finance Activities

Western Refining Provides Update on Corporate Finance Activities

  *Announces $200 Million Share Repurchase Program
  *Declares Second Quarter Dividend of $0.12/share
  *Provides Final Results of Tender Offer

EL PASO, Texas, April 8, 2013 (GLOBE NEWSWIRE) -- Western Refining, Inc.
(NYSE:WNR) today announced that its Board of Directors has authorized a $200
million share repurchase program. This program is in addition to the $200
million share repurchase program approved by the Board of Directors in July
2012. Under the July 2012 program, the Company has completed the repurchase of
approximately 6.77 million shares of its common stock at a cost of
approximately $199.5 million through April 5, 2013. Share repurchases may be
made from time-to-time through open market transactions, block trades,
privately negotiated transactions or otherwise and are subject to market
conditions, as well as corporate, regulatory, and other considerations. The
share repurchase programs may be discontinued at any time by the Board of
Directors.

Additionally, the Company's Board of Directors approved a cash dividend of
$0.12 per share for the second quarter of 2013. The dividend will be paid on
May 8, 2013, to shareholders of record at the close of market on April 23,
2013.

Jeff Stevens, Western's President and Chief Executive Officer, commented, "The
approvals of the secondquarter 2013 dividend and the share repurchase program
demonstrate our Board's commitment to delivering value to our shareholders.
Both actions reflect the continued confidence the Board has in Western's
ability to generate cash from operations in excess of the capital needed to
invest in the future growth of our Company."

Western also announced the expiration and final results of its tender offer
(the "Tender Offer") to purchase any or all of its outstanding $325,000,000
aggregate principal amount 11.25% Senior Secured Notes due 2017("2017
Notes"). The Company had previously accepted for purchase $148,833,000
principal amount of the 2017 Notes, which had been validly tendered and not
validly withdrawn as of 5:00 p.m. (New York City time) on March 22, 2013.
Payment for all 2017 Notes accepted for purchase thereby was made on March 25,
2013. As of the final expiration of the Tender Offer at 11:59 p.m., (New York
City time) on April 5, 2013, an additional $2,500,000 of 2017 Notes were
validly tendered and not validly withdrawn, resulting in a total amount of
$151,333,000 of 2017 Notes that were validly tendered and not validly
withdrawn. Payment for all the remaining tendered 2017 Notes accepted for
purchase was made on April 8, 2013. Western intends to retire the remaining,
untendered 2017 Notes on April 24, 2013, through a call for redemption, and
has provided notice of such call to the holders of the 2017 Notes.

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.

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: repurchases of shares under the share repurchase programs,
ability to generate cash from operations in excess of the capital needed to
invest in future growth, and payment for and retirement of the remaining
tendered and untendered 2017 Notes.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

Western Refining Inc. Logo