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for immediate release

16 April 2013

Resaca Exploitation, Inc.

("Resaca" or "the Company")

Notice of Change in Shareholder Holdings

Resaca (AIM:RSOX), the oil and natural gas production, exploitation, and development company focused on the Permian Basin in the USA, announces that it was informed on 14 April 2013 that Eagle Eye Holdings Inc. acquired 557,000 shares in the capital of the Company ("Shares") on 12 April 2013. Eagle Eye Holdings Inc. aggregate holding in the Company is now 2,000,000 Shares representing 9.61% of the total voting rights in the Company.

For further information please contact:

Resaca Exploitation, Inc.


J.P. Bryan, Chairman and Chief Executive Officer

+1 713-753-1300

John J. ("Jay") Lendrum, III, Vice Chairman

+1 713-753-1400

Phillip R Smith, Chief Financial Officer

+1 713-753-1335

Dennis Hammond, President and Chief Operating Officer

+1 713-753-1281

David Love, Vice President and Treasurer

+1 713-756-1755



Buchanan (Investor Relations)

+44 (0)20 7466 5000

Tim Thompson

Ben Romney




finnCap Limited (Nomad and Broker)

+44 (0) 20 7220 0500

Matt Goode, Corporate Finance

Christopher Raggett, Corporate Finance

Victoria Bates, Corporate Broking


About Resaca

Resaca is an independent oil and gas development and production company based in Houston, Texas. Resaca is focused on the acquisition and exploitation of long-life oil and gas properties, utilizing a variety of primary, secondary and tertiary recovery techniques. Resaca's current properties are located in the Permian Basin of West Texas and Southeast New Mexico. Additional information is available atwww.resacaexploitation.com.


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