SHAREHOLDER ALERT: The Law Firm of Levi & Korsinsky, LLP Launches an Investigation into Possible Breaches of Fiduciary Duty by

     SHAREHOLDER ALERT: The Law Firm of Levi & Korsinsky, LLP Launches an
   Investigation into Possible Breaches of Fiduciary Duty by Magnum Hunter
                            Resources Corporation

PR Newswire

NEW YORK, April 18, 2013

NEW YORK, April 18, 2013 /PRNewswire/ --Levi & Korsinsky is investigating
potential claims on behalf of purchasers of Magnum Hunter Resources
Corporation ("MHR" or the "Company") (NYSE: MHR) securities concerning
possible violations of securities laws.

(Logo: http://photos.prnewswire.com/prnh/20120409/MM84375LOGO)

For more information, click here:
http://zlk.9nl.com/magnum-hunter-resources-mhr/.

On April 16, 2013, MHR disclosed that it had dismissed its auditor,
PricewaterhouseCoopers LLP ("PwC"), after PwC discovered information that "may
have a material impact on the fairness or reliability of the company's
consolidated financial statements." The issues identified by PwC included: (a)
valuation of the Company's oil and gas properties; (b) calculation of the
Company's oil and gas reserves; (c) the Company's position with respect to
certain tax matters; (d) the Company's accounting of its acquisition of NGAS
Resources, Inc.; and (e) the Company's compliance with certain debt covenants.

On April 17, 2013, following this news, shares of MHR fell over 14% to close
at $2.83 a share.

If you own MHR stock and wish to obtain additional information about the
investigation and your legal rights, please contact Joseph E. Levi, Esq.
either via email at jlevi@zlk.com or by telephone at (212) 363-7500,
toll-free: (877) 363-5972, or visit
http://zlk.9nl.com/magnum-hunter-resources-mhr/.

Levi & Korsinsky is a national firm with offices in New York, New Jersey, and
Washington D.C. The firm has extensive expertise in prosecuting securities
litigation involving financial fraud, representing investors throughout the
nation in securities and shareholder lawsuits. The attorneys at Levi &
Korsinsky have been appointed by numerous courts throughout the country to
serve as lead counsel on behalf of shareholders in major securities lawsuits
and have successfully recovered multimillion-dollar damages awards on behalf
of investors. For more information, please feel free to contact any of the
attorneys listed below. Attorney advertising. Prior results do not guarantee
similar outcomes.

CONTACT:
Levi & Korsinsky, LLP
Joseph Levi, Esq.
Eduard Korsinsky, Esq.
30 Broad Street - 24th Floor
New York, NY 10004
Tel: (212) 363-7500
Toll Free: (877) 363-5972
Fax: (866) 367-6510
www.zlk.com

SOURCE Levi & Korsinsky, LLP

Website: http://www.zlk.com
 
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