Mexco Energy to Begin Feasibility Study for Russian Gas Rese

Mexco Energy signed an agreement to begin a preliminary feasibility study for exploration and development of natural gas reserves in Russia.

In April of this year, a team of U.S. and Russian experts will commence a feasibility study of a number of undeveloped natural gas fields located in the vicinity of Gazprom pipelines which serve Russia. This agreement contemplates operations through a Russian company which would be owned jointly by Mexco Energy Corporation, three individuals, and a Russian corporation, Yava-Stroi. For further information please refer to the Company's Form 8-K filed with this press release posted on the Securities and Exchange Commission's Electronic Data Gathering Analysis, and Retrieval ("EDGAR") System.