Magnum Hunter Resources Declares Monthly Cash Dividend on Series C Preferred Stock, Series D Preferred Stock and Series E

Magnum Hunter Resources Declares Monthly Cash Dividend on Series C Preferred 
Stock, Series D Preferred Stock and Series E Preferred
Stock 
HOUSTON, TX -- (Marketwired) -- 10/01/13 --  Magnum Hunter Resources
Corporation (NYSE: MHR) (NYSE MKT: MHR.PRC) (NYSE MKT: MHR.PRD) (NYSE
MKT: MHR.PRE) (the "Company") announced today that it has declared a
monthly cash dividend on the Company's 10.25% Series C Cumulative
Perpetual Preferred Stock ("Series C Preferred Stock"), a monthly
cash dividend on the Company's 8.0% Series D Cumulative Preferred
Stock ("Series D Preferred Stock") and a monthly cash dividend on the
Company's 8.0% Series E Cumulative Convertible Preferred Stock
("Series E Preferred Stock"). The outstanding shares of Series E
Preferred Stock are represented by depositary shares (the "Depositary
Shares"), each representing a 1/1,000th interest of a share of Series
E Preferred Stock.  
The dividend on the Series C Preferred Stock, which is for the month
of October 2013, is payable on October 31, 2013, to holders of record
at the close of business on October 15, 2013. The payment will be an
annualized 10.25% per share, which is equivalent to approximately
$0.2135 per share, based on the $25.00 per share liquidation
preference of the Series C Preferred Stock. The Series C Preferred
Stock is currently listed on the NYSE MKT and trades under the ticker
symbol "MHR.PRC".  
The dividend on the Series D Preferred Stock, which is for the month
of October 2013, is payable on October 31, 2013, to holders of record
at the close of business on October 15, 2013. The payment will be an
annualized 8.0% per share, which is equivalent to approximately
$0.3333 per share, based on the $50.00 per share liquidation
preference of the Series D Preferred Stock. The Series D Preferred
Stock is currently listed on the NYSE MKT and trades under the ticker
symbol "MHR.PRD". 
The dividend on the Series E Preferred Stock, which is for the month
of October 2013, is payable on October 31, 2013, to holders of record
at the close of business on October 15, 2013. The payment will be an
annualized 8.0% per share of Series E Preferred Stock, which is
equivalent to approximately $166.6667 per share, based on the
$25,000.00 per share liquidation preference of the Series E Preferred
Stock (equivalent to approximately $0.1667 per Depositary Share,
based on the $25.00 per Depositary Share liquidation preference). The
Depositary Shares are currently listed on the NYSE MKT and trade
under the ticker symbol "MHR.PRE". The payment of dividends to
holders of the Depositary Shares will be made in accordance with the
terms of the Deposit Agreement which governs the Depositary Shares.  
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 about Magnum Hunter, please visit
www.magnumhunterresources.com. 
Contact: 
Chris Benton
AVP, Finance and Capital Markets
ir@magnumhunterresources.com
832-203-4539