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GreenHunter Energy Declares Monthly Cash Dividend On 10% Series C Cumulative Preferred Stock

GreenHunter Energy, Inc. (NYSE MKT: GRH), (the “Company”) announced today that it has declared a monthly cash dividend on the Company’s 10.0% Series C Cumulative Perpetual Preferred Stock (“Series C Preferred Stock”).

The dividend on the Series C Preferred Stock, which is for the month of October 2012, is payable on October 31, 2012, to holders of record at the close of business on October 18, 2012. The payment will be 10.0% annualized per share, which is equivalent to approximately $0.208 per share, based on the $25.00 per share liquidation preference of the Series C Preferred Stock.

About GreenHunter Energy, Inc.

GreenHunter Energy, Inc. is a diversified renewable energy company predominately focused on water resource management in the unconventional oil and natural gas shale resource plays. Through its wholly owned subsidiary, GreenHunter Water, LLC, the Company provides Total Water Management Solutions™ in the oilfield. An understanding that there is no single solution to E&P fluids management shapes GreenHunter’s technology-agnostic approach to services. In addition to licensing of and joint ventures with manufacturers of mobile water treatment systems ( Frac-CycleTM), GreenHunter Water is expanding capacity of salt water disposal facilities, next-generation modular above-ground storage tanks ( MAG Tank™), advanced hauling and fresh water logistics services—including 21st Century tracking technologies ( RAMCATTM) that allow Shale producers to optimize the efficiency of their water resource management and planning while complying with emerging regulations and reducing cost.

Additional information about GreenHunter Water may be found at www.GreenHunterWater.com .

Forward-Looking Statements

Any statements in this press release about future expectations and prospects for GreenHunter Energy and its business and other statements containing the words "believes," "anticipates," "plans," "expects," "will" and similar expressions constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Actual results may differ materially from those indicated by such forward-looking statements as a result of various important factors, including the substantial capital expenditures required to fund its operations, the ability of the Company to implement its business plan, government regulation and competition. GreenHunter Energy undertakes no obligation to update these forward-looking statements in the future.



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