Magnum Hunter Resources Corp. Closes Acquisition of Sharon Resources, Inc.

HOUSTON, TX--(Marketwire - September 30, 2009) - Magnum Hunter Resources Corporation (NYSE Amex: MHR) (the "Company") announced today the Company has closed on the previously announced agreement to acquire 100% of the capital stock of Sharon Resources, Inc., a wholly owned subsidiary of Calgary based Sharon Energy Ltd. (TSX-V: SHY). Magnum Hunter previously announced the execution of a definitive agreement for the acquisition on September 10, 2009.

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