Magnum Hunter Resources Announces Revocation of Cease Trade Order in Ontario

July 24, 2013

HOUSTON, TX--(Marketwired - Jul 24, 2013) - Magnum Hunter Resources Corporation ( NYSE : MHR ) ( NYSE MKT : MHR.PRC ) ( NYSE MKT : MHR.PRD ) ( NYSE MKT : MHR.PRE ) (the "Company" or "Magnum Hunter") announced today that the previous cease trade order with respect to the Company's securities that was issued by the Ontario Securities Commission in May 2013 has been revoked.

As previously announced by Magnum Hunter, the Alberta, Manitoba, Quebec and British Columbia securities commissions have also revoked their respective cease trade orders with respect to the Company's securities.

All these cease trade orders had been issued in April and May 2013 due to the delay in the filing by the Company of its 2012 annual disclosure documents. The Company's 2012 annual disclosure documents and its interim disclosure documents for the three months ended March 31, 2013 were filed by the Company under its profile on Canada's System for Electronic Document Analysis and Retrieval, or SEDAR, on June 18, 2013 and July 9, 2013, respectively.

Now, all cease trade orders issued by Canadian securities commissions with respect to the Company's securities due to the previous filing delays described above have been completely lifted.

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, please view our website at www.magnumhunterresources.com.

Forward-Looking Statements

The statements and information contained in this press release that are not statements of historical fact, including all estimates and assumptions contained herein, are "forward looking statements" as defined in Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and "forward-looking information" as defined under Canadian securities laws (collectively, "Forward-Looking Statements").These Forward-Looking Statements are subject to numerous assumptions, risks, and uncertainties. Because Forward-Looking Statements are subject to risks and uncertainties, actual results may differ materially from those expressed or implied by such statements. Readers are cautioned not to place undue reliance on Forward-Looking Statements, contained herein, which speak only as of the date of this document. Other unknown or unpredictable factors may cause actual results to differ materially from those projected by the Forward-Looking Statements. Unless otherwise required by law, the Company undertakes no obligation to publicly update or revise any Forward-Looking Statements, including estimates, whether as a result of new information, future events or otherwise. All Forward-Looking Statements attributable to the Company are expressly qualified in their entirety by these cautionary statements.