Amen Properties, Inc. Announces Repurchase Program For Common Stock

Amen Properties, Inc. (Pink Sheets: AMEN), announced today that its Board of Directors has approved a share repurchase program authorizing the Company to repurchase from time to time, at management’s discretion, up to 5,000 shares of the Company’s common stock. The Board has not established an end date for this repurchase program. Common stock acquired through the repurchase program will be held as treasury shares and may be used for general corporate purposes, including re-issuances in connection with acquisitions, stock option exercises or employee stock plans. Repurchases will be funded from existing working capital and future earnings.

This announced share purchase program reflects management's commitment to enhance shareholder value and create additional liquidity for its shares which are currently quoted on the Pink Sheets®, a centralized electronic quotation service for over-the-counter securities.

The size, scope and timing of any purchases under the new program will depend on a variety of business, market and other conditions and factors, including price, cash generation from operations, cash requirements for the Company’s operations, regulatory and contractual requirements or consents, and securities law limitations.

Repurchases under this program will be implemented from time to time through a variety of methods, which may include open market purchases, privately negotiated transactions, or by any combination of such methods, all in compliance with Rule 10b-18 under the Securities Exchange Act of 1934 and applicable insider trading and other federal and state securities laws and regulations. This plan does not obligate the Company to acquire any particular number of shares. The repurchase program may be suspended, extended or discontinued at any time without prior notice.

This press release is for informational purposes only and is not an offer to purchase or a solicitation of an offer to sell shares of the Company’s common stock. Existing shareholders interested in learning more about this repurchase program may contact the Company directly by calling Kris Oliver at [phone].