GMX RESOURCES INC. Announces Preliminary Results Of Its Exchange Offers For Its 5.00% Senior Convertible Notes Due 2013 And Its 4.50% Senior Convertible Notes Due 2015, Extends Expiration Date And Lowers Minimum Tender Condition To Exchange Offers

Holders who have previously validly tendered and not withdrawn Convertible Notes do not need to re-tender their Convertible Notes or take any other action in response to the extension of the exchange offers or the modification of the minimum tender condition.

The terms and conditions of the exchange offers, prior to the amendments described in this press release, were set forth in the Company's Offering Memorandum dated August 9, 2012 (the "Offering Memorandum") and Letters of Transmittal, dated August 9, 2012 (the "Letters of Transmittal"), and the other related materials that the Company distributed to holders of the Convertible Notes, which were filed with the Securities and Exchange Commission ("SEC") as exhibits to the Company's Schedule TO on August 9, 2012 (the "Original Exchange Offer Materials"). The Original Exchange Offer Materials have been amended and supplemented by Amendment No. 1 to the Schedule TO, which was filed with the SEC on August 20, 2012, Amendment No. 2 to the Schedule TO, which was filed with the SEC on August 27, 2012, Amendment No. 3 to the Schedule TO, which was filed with the SEC on September 7, 2012 and Amendment No. 4 to the Schedule TO, which will be filed on September 11, 2012 (collectively, the "Schedule TO Amendments"). The term "exchange offers," when used in this release, refers to the terms and conditions described in the Original Exchange Offer Materials, as amended and supplemented by the Schedule TO Amendments and this release. The exchange offers are only being made pursuant to the terms of the Original Exchange Offer Materials, as amended by the Schedule TO Amendments.

The Company has retained Global Bondholder Services Corporation to serve as the information agent. Requests for documents may be directed to Global Bondholder Services Corporation at [phone], or [phone], or in writing to 65 Broadway, Suite 404, New York, NY 10006.

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