Penn Virginia Corporation Declares Dividend

RADNOR, Pa.--(Business Wire)--
Penn Virginia Corporation (NYSE: PVA) announced today that its Board of
Directors declared a regular quarterly dividend of $0.05625 per share payable
November 19, 2009 to shareholders of record at the close of business on November
10, 2009. This will be the Company`s 451st consecutive quarterly dividend
payment.

Penn Virginia Corporation (NYSE: PVA) is an independent natural gas and oil
company focused on the exploration, acquisition, development and production of
reserves in onshore regions of the U.S., including the East Texas, Mississippi,
the Mid-Continent region and the Appalachian Basin.PVA also owns approximately
51 percent of Penn Virginia GP Holdings, L.P. (NYSE: PVG), the owner of the
general partner and the largest unit holder of Penn Virginia Resource Partners,
L.P. (NYSE: PVR), a manager of coal and natural resource properties and related
assets and the operator of a midstream natural gas gathering and processing
business.

For more information, please visit PVA`s website at www.pennvirginia.com.

Penn Virginia Corporation
James W. Dean
Vice President, Investor Relations
Ph: (610) 687-7531
Fax: (610) 687-3688
E-Mail: invest@pennvirginia.com

Copyright Business Wire 2009