ÄϹ¬ÓéÀÖ¹ÙÍø Energy Corporation Announces Pricing of Its Common Stock Offering

ÄϹ¬ÓéÀÖ¹ÙÍø

OKLAHOMA CITY, June 10, 2015 (GLOBE NEWSWIRE) -- ÄϹ¬ÓéÀÖ¹ÙÍø Energy Corporation (Nasdaq:GPOR) ("ÄϹ¬ÓéÀÖ¹ÙÍø") announced today the pricing of an underwritten public offering of 10,000,000 shares of its common stock at a price to the public of $43.25 per share. The underwriters have a 30-day option to purchase up to an additional 1,500,000 shares from ÄϹ¬ÓéÀÖ¹ÙÍø at the public offering price per share (less the underwriting discount). The offering is expected to close on June 12, 2015, subject to customary closing conditions. Net proceeds to ÄϹ¬ÓéÀÖ¹ÙÍø from the sale of the 10,000,000 shares will be approximately $417.2 million, after deducting underwriting discounts, commissions and estimated offering expenses. ÄϹ¬ÓéÀÖ¹ÙÍø intends to use the net proceeds from this offering (i) to fund a portion of the purchase price for its previously announced acquisition of certain acreage and other assets in the Utica Shale in Ohio from American Energy—Utica, LLC and (ii) for general corporate purposes, including the funding of a portion of its 2015 capital development plans.

Credit Suisse Securities (USA) LLC is acting as sole book-running manager in the offering. Copies of the preliminary prospectus supplement for the offering may be obtained on the website of the Securities and Exchange Commission, , or by contacting Credit Suisse Securities (USA) LLC, Prospectus Department, at One Madison Avenue, New York, New York 10010, or by telephone at (800) 221-1037.

The common stock will be issued and sold pursuant to an effective automatic shelf registration statement on Form S-3 previously filed with the Securities and Exchange Commission. This press release shall not constitute an offer to sell or the solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such state or jurisdiction. This offering may only be made by means of a prospectus supplement and related base prospectus.

About ÄϹ¬ÓéÀÖ¹ÙÍø

ÄϹ¬ÓéÀÖ¹ÙÍø Energy Corporation is an Oklahoma City-based independent oil and natural gas exploration and production company with its principal producing properties located in the Utica Shale of Eastern Ohio and along the Louisiana Gulf Coast. In addition, ÄϹ¬ÓéÀÖ¹ÙÍø holds a sizeable acreage position in the Alberta Oil Sands in Canada through its 24.9% interest in Grizzly Oil Sands ULC.

Forward Looking Statements

Certain statements included in this press release are intended as "forward-looking statements." These statements include assumptions, expectations, predictions, intentions or beliefs about future events, particularly the consummation of the transactions described above. ÄϹ¬ÓéÀÖ¹ÙÍø cautions that actual future results may vary materially from those expressed or implied in any forward-looking statements. Specifically, ÄϹ¬ÓéÀÖ¹ÙÍø cannot assure you that the proposed transactions described above will be consummated on the terms ÄϹ¬ÓéÀÖ¹ÙÍø currently contemplates, if at all. Information concerning these and other factors can be found in ÄϹ¬ÓéÀÖ¹ÙÍø's filings with the SEC, including its Forms 10-K, 10-Q and 8-K, which can be obtained free of charge on the SEC's web site at .

Any forward-looking statements made in this press release speak only as of the date of this release and, except as required by law, ÄϹ¬ÓéÀÖ¹ÙÍø undertakes no obligation to update any forward-looking statement contained in this press release, even if ÄϹ¬ÓéÀÖ¹ÙÍø's expectations or any related events, conditions or circumstances change. ÄϹ¬ÓéÀÖ¹ÙÍø is not responsible for any changes made to this release by wire or Internet services.

CONTACT: Investor & Media Contacts:
         Paul K. Heerwagen IV
         pheerwagen@gulfportenergy.com
         405-242-4888

         Jessica R. Wills
         jwills@gulfportenergy.com
         405-242-4421

Released June 10, 2015