HOUSTON, May 11 /PRNewswire-FirstCall/ -- Evolution Petroleum Corporation (NYSE Amex: EPM) announced today that it will release its fiscal third quarter 2009 financial and operations results at approximately 6:00 a.m. Eastern on Thursday, May 14, 2009. In conjunction with the release, the Company has scheduled a conference call, which will also be broadcast live over the Internet, on Thursday, May 14 at 11:00 a.m. Eastern (10:00 a.m. Central). What: Evolution Petroleum Fiscal Third Quarter 2009 Earnings Conference Call When: Thursday, May 14, 2009 at 11:00 a.m. Eastern (10:00 a.m. Central) How: Live via phone - by dialing 480-629-9039 and asking for the Evolution call at least 10 minutes prior to the start time, or Live over the Internet - By logging onto the web at the address below Where: http://www.evolutionpetroleum.com/ For those who cannot listen to the live call, a telephonic replay will be available through May 21, 2009 and may be accessed by calling 480-629-9039 and using the pass code 4074414#. Also, an archive of the webcast will be available after the call on the Company's website. About Evolution Petroleum Evolution Petroleum Corporation acquires known, onshore oil and gas resources and applies conventional and specialized technology to accelerate production and develop incremental reserves and value. With no debt and a strong balance sheet, the Company is well positioned to carry out its initiatives in Enhanced Oil Recovery, Bypassed Resources and Unconventional Gas Development. Principal assets as of July 1, 2008 include 4 MMBOE of proved and 3.1 MMBOE of probable reserves in the Giddings Field of central Texas, approximately 13 MMBO of probable reserves associated with the 13,636 acre Delhi Field Holt Bryant Unit currently being redeveloped with CO2-EOR technology in northeast Louisiana, and leases covering approximately 17,600 net acres in two Woodford gas shale projects in Oklahoma. The Company is also actively engaged in developing new projects within its initiatives. Additional information, including the Company's annual report on Form 10-KSB and its quarterly reports on Form 10-Q can be accessed on its website at http://www.evolutionpetroleum.com/. Company Contact: Sterling McDonald, VP & CFO (713) 935-0122 Lisa Elliott / Jack Lascar / DRG&E / 713-529-6600 DATASOURCE: Evolution Petroleum Corporation CONTACT: Sterling McDonald, VP & CFO of Evolution Petroleum Corporation, +1-713-935-0122, ; or Lisa Elliott, , or Jack Lascar, , both of DRG&E, +1-713-529-6600, for Evolution Petroleum Corporation Web Site: http://www.evolutionpetroleum.com/

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