Miller Energy Resources Closes Deal on East Tennessee Consultants Which Owns and/or...

Miller Energy Resources Closes Deal on East Tennessee Consultants Which Owns
and/or Operates 377 Wells and Approximately 5,000 Shale Acres

HUNTSVILLE, Tenn., June 24 /PRNewswire-FirstCall/ -- Miller Petroleum, Inc.,
dba Miller Energy Resources, (OTC Bulletin Board: MILL) announced today that
it has completed the acquisition of 100% of the stock of East Tennessee
Consultants, Inc. and related company East Tennessee Consultants II, LLC
(collectively "ETC")which includes 377 natural gas and oil wells and
approximately 5,000 leased acres located on Tennessee's prolific Chattanooga
Shale. As consideration, Miller Energy Resources issued the three principals
of ETC an aggregate of 1 million shares of common stock valued at $250,000.
These principals will continue with ETC for a minimum of three years after the
acquisition so as to provide continuity in its operations.

Miller CEO Scott M. Boruff commented that, "This is an exciting time at Miller
Energy Resources. With our second acquisition this month we have again
doubled our oil and natural gas production while continuing to bolster our
Chattanooga Shale lease acreage holdings." Earlier this year, Miller Energy
Resources announced a $20 million acquisition, re-completion, drilling and
development program that will be utilized to enhance and develop the assets
and operations of ETC, as well as recently acquired KY-Tenn Oil, Inc.(KTO).

Boruff added, "This adds to Miller's large lease position in the middle of
Tennessee's prolific Chattanooga Shale. Initial analysis has indicated that
the acreage could yield over 125 new well locations. Our plan for folding the
operations of ETC and KTO into Miller are ahead of schedule and we can now
shift our focus to the many other acquisitions that are presently under
evaluation."

About Miller Energy Resources
Miller Energy Resources 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 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, but are not limited to, the availability of sufficient capital to
fund its anticipated growth, fluctuations in the prices of oil and gas, the
competitive nature of its business environment, its dependence on a limited
number of customers, its ability to comply with environmental regulations,
changes in government regulations which could adversely impact its business
and other factors. Investors should not place undue reliance on these
forward-looking statements, which speak only as of the date of this press
release. Miller Energy Resources' actual results could differ materially from
those anticipated in these forward-looking statements as a result of a variety
of factors, including those discussed in its periodic reports that are filed
with the Securities and Exchange Commission and available on its Web site
(www.sec.gov). All forward-looking statements attributable to Miller Energy
Resources or to persons acting on its behalf are expressly qualified in their
entirety by these factors. Other than as required under the securities laws,
Miller Energy Resources does not assume a duty to update these forward-looking
statements.

SOURCE Miller Petroleum, Inc.

Scott M. Boruff, Miller Energy Resources, Phone: +1-423-663-9457, Fax:
+1-423-663-9461, Web Site: http://www.millerenergyresources.com