GMX RESOURCES INC. Announces SEC Review Completed and New Officer Michael J. Rohleder Elected by Board as Vice President

OKLAHOMA CITY, March 10 /PRNewswire-FirstCall/ -- GMX RESOURCES INC., NASDAQ: GMXR; (visit http://www.gmxresources.com to view the most recent Company presentation and for more information on the Company) today announces that the staff of the United States Securities and Exchange Commission has informed GMXR, in writing, that they have completed the review of its Form 10-K for the year ended December 31, 2006 and do not, at this time, have any further comments.

"We are very pleased to have completed the SEC review and to have resolved all of the concerns they raised," stated Ken L. Kenworthy, CEO. "I am also pleased to announce the election of Mike Rohleder as Vice President. His experience in corporate development and management is a significant addition to our management team."

The Board of Directors of GMXR has appointed Michael J. Rohleder as Vice President of Corporate Development and Investor Relations. Mr. Rohleder brings 20 years of executive management experience to the GMXR team with an emphasis in financing, corporate development and leadership. Prior to joining GMXR Rohleder served as the Sr. Vice President of Worldwide Sales and Marketing for ON Semiconductor, a $1.5b semiconductor manufacturer (formerly the Motorola Semiconductor Components Division). From 1991 to 1999 he was CEO of MEMEC North America which was a division of VEBA AG. During his tenure at MEMEC the company grew from $18 MM per year in sales to over $2.5 B.

GMX RESOURCES INC. is a 'Pure Play', E & P company with 435 BCFE in Proved Reserves and 1.3 TCFE in 3P Reserves that are 94% Natural Gas; consisting of 256 gross / 139.6 net CV producers and 1,416 gross/ 926 net Cotton Valley ("CV") un-drilled locations; only 13% developed and providing a 100% success rate. Eight drilling rigs are currently developing this contiguous gas resource play on the Sabine Uplift; Carthage, North Field, in Panola & Harrison County of East Texas. where the company has invested $60 MM in infrastructure; which has contributed to 'Best In Class' finding and development costs; 38 gross / 31 net Travis Peak/Hosston Sands & Pettit producers produce on the property which also contains Lower CV Bossier/Haynesville "Gas Shales". These multiple resource layers provide repeatable organic growth. The Company Headquartered in Oklahoma City, Oklahoma, GMXR has interests in 312 gross / 182 net producing wells and operates 65% of its reserves. The Company's strategy is to grow shareholder value through acreage additions achieving operational growth around its core area, converting its natural gas reserves to proved, while maintaining balanced prudent financial management.

This press release includes certain statements that may be deemed to be "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, as amended. All statements, other than statements of historical facts, included in this press release that address activities, events or developments that the Company expects, believes or anticipates will or may occur in the future are forward-looking statements. They include statements regarding the Company's financing plans and objectives, drilling plans and objectives, related exploration and development costs, number and location of planned wells, reserve estimates and values, statements regarding the quality of the Company's properties and potential reserve and production levels. These statements are based on certain assumptions and analysis made by the Company in light of its experience and perception of historical trends, current conditions, expected future developments, and other factors it believes appropriate in the circumstances, including the assumption that there will be no material change in the operating environment for the company's properties. Such statements are subject to a number of risks, including but not limited to commodity price risks, drilling and production risks, risks relating to the Company's ability to obtain financing for its planned activities, risks related to weather and unforeseen events, governmental regulatory risks and other risks, many of which are beyond the control of the Company. Reference is made to the company's reports filed with the Securities and Exchange Commission for a more detailed disclosure of the risks. For all these reasons, actual results or developments may differ materially from those projected in the forward-looking statements.