McMoRan Exploration Declares Quarterly Dividend

McMoRan Exploration (NYSE: MMR) today declared, for the period from April 1, 2004 through June 30, 2004, a cash dividend of $0.3125 per share payable on June 30, 2004 to holders of record as of June 15, 2004 for its 5% convertible preferred stock (OTCBB: MMREP).