/C O R R E C T I O N -- GMX RESOURCES INC./

/C O R R E C T I O N -- GMX RESOURCES INC./
In the news release, GMX RESOURCES INC. (Nasdaq: GMXR) Announces 97% Profit
Increase for Third Quarter and Nine Months Ended September 30, 2004, Credit
Facility Increased, Operations Update and Upcoming Conference Call, issued
yesterday, Nov. 8, by GMX RESOURCES INC. over PR Newswire, we are advised by
the company that the first paragraph, third sentence should read "This was
primarily due to an increase in production of 23% ..." rather than "an increase
in production of 12%" as originally issued inadvertently. Complete, corrected
paragraph follows:


OKLAHOMA CITY, Nov. 8  /PRNewswire-FirstCall/ -- GMX RESOURCES INC.,
(NASDAQ:GMXR) (Warrants: GMXRW), (http://www.gmxresources.com/ ) announced the
Company's results for the third quarter and nine month period ended September
30, 2004.  "Our third quarter results show a 97% increase in net income to
$353,582 compared to $179,594 for the third quarter of 2003.  This was
primarily due to an increase in production of 23% and an increase of 16% in oil
and gas price compared to the third quarter 2003.  Production from new wells
drilled by our Joint Venture partner in East Texas continues to increase,"
stated Ken L. Kenworthy Sr., Executive Vice President & Chief Financial Officer
of GMXR. 

DATASOURCE: GMX RESOURCES INC.



CONTACT:  Ken L. Kenworthy, Sr., Executive V. P., CFO, ext. 16, or Ken L.

Kenworthy, Jr., President, CEO, ext. 11, both of GMX RESOURCES INC.,

[phone]



Web site:  http://www.gmxresources.com/ 

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