Miller Energy Resources Announces $20 Million Acquisition & Development Program

HUNTSVILLE, Tenn., April 29 /PRNewswire-FirstCall/ -- Miller Energy Resources,
Inc. (OTC Bulletin Board: MILL) announced today it has initiated a $20 million
acquisition and development program to be offered immediately. The program
has been designed to fund many of the acquisitions that Miller is presently
evaluating.

According to Miller CEO, Scott M. Boruff, "This program offers the opportunity
to fund acquisition targets that make sense financially at today's commodity
prices. This will lead to tremendous upside to Miller when commodity prices
rebound. With our legacy of experience and unique understanding of the
Southern Appalachian Basin we are positioned to identify, evaluate and take
control of many of the best projects that come across my desk daily. From our
perspective, this is a tremendous time to be expanding in the energy sector."

Funding for the program is via private placement memorandum. The managing
Broker Dealer is Empire Securities Corp. Universal City California. This news
release shall not constitute an offer to sell or the solicitation of an offer
to buy this offering.

About Miller Energy Resources, Inc.
Miller Energy Resources, Inc. is an oil and natural gas exploration,
production and drilling company operating primarily in the heart of
Tennessee's prolific and hydrocarbon-rich Appalachian Basin. Company chairman
Deloy Miller has a successful track record spanning more than forty years in
this Basin's oil and gas industry. Since 1967, Miller has drilled or serviced
over 5200 wells. This experience has positioned Miller as one of Tennessee's
premier energy companies.

Forward Looking Statements
Certain matters discussed within this press release are forward-looking
statements. Although Miller Energy Resources, Inc. believes the expectations
reflected in such forward-looking statements are based on reasonable
assumptions, it can give no assurance that its expectations will be attained.
Factors that could cause actual results to differ materially from expectations
include financial performance, regulatory changes, changes in local or
national economic conditions and other risks detailed from time to time in
Miller's reports filed with the SEC, including quarterly reports on Form 10-Q,
reports on Form 8-K and annual reports on Form 10-K.

http://www.millerenergyresources.com

SOURCE Miller Energy Resources, Inc.

Scott M. Boruff, Miller Energy Resources, Inc., +1-423-663-9457, Fax:
+1-423-663-9461