Miller Petroleum, Inc., Announces Receipt of Funds for Debt Restructuring and Drilling HUNTSVILLE, Tenn., May 19 /PRNewswire-FirstCall/ -- MILLER PETROLEUM, INC. (OTC:MILL) (BULLETIN BOARD: MILL) -- On May 9th, 2005, Miller received $3.15 million of senior secured debt financing from Prospect Energy Corporation of New York, NY alongside $1.0 million from Petro Capital Advisors, LLC of Dallas, Texas. The $4.15 million funding will be utilized to repay an existing loan and to fund additional development drilling. Prospect and Petro Capital will receive warrants in Miller as part of the investment. Miller Petroleum, Inc., is a publicly traded, fully integrated, gas / oil exploration and production company with headquarters in Huntsville, Tennessee. Miller's 36,000 net acres generate cash - flow from production in the Jellico, Lindsay, Koppers North, and Koppers South fields. Miller's position in these fields as well as other areas of Tennessee, are in the heart of Tennessee's prolific and hydrocarbon rich Appalachian Basin. Here, the company is rapidly increasing natural gas reserves with a gas market readily accessible through the company's infrastructure of gas lines for immediate sales. Beginning in 1967, the Company's CEO, Deloy Miller, has built a successful track record spanning over thirty five years in this Basin's oil and gas industry. The Miller companies have drilled or serviced more than 65% of all the wells in Tennessee. Forward-looking statements made in this release are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Investors are cautioned that all forward looking statements involve risk and uncertainties which may cause actual results to differ from anticipated results, including risks associated with the timing and development of the company's reserves and projects as well as risks of downturns in economic conditions generally, and other risks detailed from time to time in the company's filings with the Securities and Exchange Commission. DATASOURCE: Miller Petroleum, Inc. CONTACT: Deloy Miller, CEO of Miller Petroleum, Inc., +1-423-663-9457, or Web site: http://www.millerpetroleum.com/

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