Magnum Hunter Resources Corporation report that the Alberta and Ontario securities commissions have exempted Magnum Hunter from the Canadian oil and gas disclosure requirements of Canadian National Instrument 51-101 - Standards of Disclosure for Oil and Gas Activities. The exemption is based, in part, on Canadian residents holding, and continuing to hold, not more than ten percent of the Company's outstanding securities. Magnum Hunter first became subject to the Canadian oil and gas reporting obligations as a result of its acquisition of NuLoch Resources, Inc. in May 2011.

As a result of the exemption, and provided the conditions of the exemption continue to be met, the Company will not be required to file the following Canadian oil and gas activity reports: Form 51-101F1 - Statement of Reserves Data and Other Oil and Gas Information; Form 51-101F2 - Report on Reserves Data by Independent Qualified Reserves Evaluator or Auditor; and Form 51-101F3 - Report of Management and Directors on Oil and Gas Disclosure. In lieu of these reports, Magnum Hunter is permitted to provide disclosure of its oil and gas activities in accordance with the requirements of United States federal securities laws and the rules of the New York Stock Exchange. Magnum Hunter is required to file this U.S. disclosure with the securities regulatory authority in each of the provinces of Canada as soon as practicable after this disclosure is filed pursuant to the U.S. requirements.

Canadian residents should be aware that the Company's future disclosure relating to its oil and gas activities will comply with U.S. requirements rather than Canadian National Instrument 51-101 and the Canadian Oil and Gas Evaluation Handbook. U.S. requirements differ in a number of respects from the disclosure required under NI 51-101 and the Canadian Oil and Gas Evaluation Handbook, and Canadian residents are urged to consider these differences when considering all future disclosures made by Magnum Hunter relating to its oil and gas activities.

Tags: Magnum Hunter Resources Corporation