GMX Resources Plans to List Shares on NYSE

GMX Resources has filed an application to list its common stock and 9.25% Series B Cumulative Preferred Stock on the New York Stock Exchange ("NYSE"). Subject to the approval of the NYSE, GMXR expects both the common stock and preferred stock to begin trading on the NYSE on or about December 16, 2009, using the current symbol "GMXR" for its common stock and using "GMXR Pr", for the preferred stock. The Company's common stock and preferred stock will continue to trade on the NASDAQ until the transfer is completed. The listing requirements of the NYSE require GMXR to disclose that certain adjusted financial information included in the Company's listing application and upon which the NYSE relied to list the Company is available to the public from GMXR upon request. "We look forward to our shares trading on the NYSE and building a new long-term relationship with a leading and diverse global exchange," said Ken Kenworthy, Jr., GMXR's Chief Executive Officer.