Miller Energy Announces Has Received Notice from NYSE Related to Continued Listing Requirements

Miller Energy Resources, Inc.

("Miller Energy" or the "Company") announced today that it received a notice on May 6, 2015 from NYSE Regulation, Inc. regarding the Company's compliance with the continued listing requirements of the New York Stock Exchange Inc. ("NYSE"). The Company is below compliance with respect to a rule requiring that NYSE-listed companies maintain an average market capitalization and stockholders' equity greater than $50 million over a 30 trading-day period. The Company intends to notify the NYSE of its intent to regain compliance with this rule. Under NYSE listing standards, the Company will have 45 days from the date of the notice to submit a plan to the NYSE demonstrating the Company's ability to regain compliance with the applicable rule within 18 months. Following receipt of the plan, the NYSE will have 45 days to review and evaluate it. If the NYSE accepts the plan, the Company will be subject to quarterly monitoring for compliance with its terms. If the NYSE does not accept the plan, the Company will be subject to suspension and delisting proceedings. During the 18-month cure period, the Company's shares will continue to be listed and traded on the NYSE subject to its compliance with other NYSE continued listing standards. The Company will continue to work directly with the NYSE to make sure they are aware of the Company's progress. In addition to this market capitalization requirement, as previously reported, the price of the Company's common stock has also fallen below the NYSE's continued listing standards. A company is considered to be below compliance standards if the average closing price of a security as reported on the NYSE is less than $1.00 over a consecutive 30 trading-day period. The Company has notified the NYSE of its intent to regain compliance with this rule within the six-month cure period allowed by the NYSE listing standards. The NYSE notification does not affect the Company's business operations or its SEC reporting requirements.