Miller Petroleum, Inc. Announces the Completion of Two Major Lease Acquisitions

HUNTSVILLE, Tenn., May 10 /PRNewswire-FirstCall/ -- MILLER PETROLEUM, INC.
(OTC Bulletin Board: MILL) plans large gas developmental drilling program and
two deep wildcats.

Acting on its extensive experience in the Appalachian Basin, Miller has
secured leases to exploit the focal point of a 20,000-acre wildcat prospect
whose potential has been confirmed by 4 miles of recently shot seismic.
Miller has organized this prospect in a joint venture with a large Appalachian
based independent oil and gas company.

"Knowledgeable geologists have described this prospect as perhaps the
largest unexplored structure in the Appalachian region and believe it could be
a major hydrocarbon reservoir," says Deloy Miller, Chief Executive Officer.
In another area, the Company's leasing acquisitions have also created a
14,000-acre contiguous block in Campbell County, Tennessee, that will
accentuate an additional high grade, 19,000-acre contiguous block that Miller
holds in close proximity. Together, these form a total position of almost
33,000 acres. The Company plans to drill up to 50 developmental natural gas
wells on these two prospects, that can be fed into nearby gas lines for fast
delivery to market and immediate cash flow.

The Company expects the new drilling program will add substantially to its
total Proved/Developed/Producing, Drilled/Not Completed and Proved/Undeveloped
reserves of 9.1 billion cu. ft. of natural gas and 364,587 barrels of crude
oil.

About Miller Petroleum, Inc.
Miller Petroleum, Inc. is a publicly traded gas and oil exploration and
production company with headquarters in Huntsville, Tennessee. The company is
rapidly increasing natural gas reserves in the Appalachian Basin. Miller's gas
market is readily accessible through the company's infrastructure of gas lines
for immediate sales.

Forward-looking statements
This news release contains forward-looking statements that involve risks
and uncertainties. The Company's actual results may differ significantly from
results discussed in such forward-looking statements. Factors that may cause a
difference include, but are not limited to, competition within the oil and gas
industry, the market demand for, and prices of, oil and natural gas, the
Company's availability of capital, production and costs of operation, results
of future drilling, environmental risks and other factors detailed in the
Company's filing with the Securities and Exchange Commission.