Ken Kenworthy, Jr., President, CEO, Director of GMX Resources,
Rings The NASDAQ Stock Market Closing Bell

Thursday, June 1, 2006
at NASDAQ's MarketSite
in New York City.

GMX Resources [GMXR]

Ken Kenworthy, Jr., President, CEO, Director of GMX Resources (Nasdaq: GMXR) presides over the closing bell to celebrate its 5 year listing anniversary on the NASDAQ.

GMX RESOURCES INC. is a rapidly growing independent E & P company. Key Gas Resource Play in Cotton Valley Sands, Travis Peak Sands & Pettit Limes; North Carthage Field, East Texas, Panola & Harrison County; "Tight Gas Sands" on the Sabine Uplift; 93% Natural Gas; Core Area: 99% of NAV; Stacked Multiple Reservoirs; Drilled 67 CVS Wells, 5 Travis Peak Wells since inception in 1998; 26,853 gross / 15,948 net acres; 619 gross / 374 net CVS 40 acre locations; 7 Yrs of Development with 6 Rigs. Headquartered in Oklahoma City, Oklahoma, GMXR has interests in 112 gross/66.13 net producing wells and operates 67% of its reserves. YTD price range $50.50 - $28.65; Average Daily Volume 90 days - 340,000 shares; Common Stock Outstanding - 11,214,967 shares; Institutional Ownership approximately 60% at December 31, 2005; Management maintains 22% equity stake. The Company's strategy is to develop its resource play with multiple rigs, increase production, grow its natural gas reserves and continue to build shareholder value.

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