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Saratoga Resources, Inc. Joins Key Russell Index

Saratoga Resources, Inc. (NYSE MKT: SARA, the “Company”) has officially been added to the prestigious broad-market Russell Global Index and its sister indexes the Russell 3000® Index and the Russell Micro-Cap Index. Reconstitution of the Russell indexes occurred, and trading based on the newly reconstituted indexes began, on June 25, 2012.

Annual reconstitution of Russell’s U.S. indexes captures the 4,000 largest U.S. stocks as of the end of May, ranking them by total market capitalization. Membership in the Russell 3000, which remains in place for one year, means automatic inclusion in the Russell Micro-Cap index as well as the appropriate growth and value style indexes. Russell determines membership for its equity indexes primarily by objective, market-capitalization rankings and style attributes.

Total returns data for the Russell 3000 and other Russell Indexes is available at www.russell.com/indexes/data/us_equity/Russell.us.index.returns.asp.

Management Comments

Mr. Andy Clifford, President of Saratoga Resources, said today; “This is indeed a special day for Saratoga and our shareholders. Less than 2½ years ago we were a bulletin board company with a market cap of less than $20 million. Being added to the very prestigious Russell 3000 index validates our efforts and the growth strategy that we continue to employ in our efforts to build an industry leading oil and gas company.”

About Russell:

Russell Investments (Russell) is a global asset manager and one of only a few firms that offers actively managed, multi-asset portfolios and services that include advice, investments and implementations. Working with institutional investors, financial advisors and individuals, Russell’s core capabilities extend across capital markets insights, manager research, Indexes, portfolio implementation and portfolio construction. Russell has approximately $155 billion in assets under management (as of 3/31/2012) and works with 2,400 institutional clients, more than 580 independent distribution partners and advisors and individual investors globally. Founded in 1936, Russell is a subsidiary of The Northwestern Mutual Life Insurance Company.

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