Magnum Hunter Resources, Inc. Conference Call IRVING, Texas, June 21 /PRNewswire-FirstCall/ -- On Monday morning, June 21, 2004, a conference call will be hosted by the Senior Management of Magnum Hunter Resources, Inc. at 9:00 a.m. central time. The subject of the conference call will be to discuss the following items: * The $243 million acquisition of oil and gas properties and leasehold mineral acreage positions in New Mexico from Tom Brown, Inc., a subsidiary of EnCana Corporation (NYSE: ECA; TSX) * The planned expansion of the Company's existing Morrow/Atoka/Strawn drilling program in Southeastern New Mexico * The proposed issuance of 15,000,000 shares of common stock * The anticipated significant reduction in the Company's debt-to-book capitalization ratio * Outlook for the remainder of 2004 Magnum Hunter representatives on the call will be: Mr. Gary C. Evans Chairman, President and Chief Executive Officer Mr. Richard R. Frazier Executive Vice President and Chief Operating Officer Mr. Chris Tong Senior Vice President and Chief Financial Officer Mr. M. Bradley Davis Senior Vice President of Capital Markets and Corporate Development If you wish to participate in the conference call, please dial in toll free (800) 706-3079 at 8:55 a.m. central time on Monday, June 21, 2004. A passcode is not required. Should you wish to participate on the conference call, there will be a Q & A session following the presentation by management. International callers, please dial (706) 643-1963. A Web Broadcast will also be available for listeners on the Magnum Hunter Web Site with instructions as follows: Go to http://www.magnumhunter.com/ Go to Investor Relations Go to Webcasts/Conference Call FOR FURTHER INFORMATION CONTACT: M. BRADLEY DAVIS SENIOR VICE PRESIDENT-CAPITAL MARKETS (972) 401-0752 DATASOURCE: Magnum Hunter Resources, Inc. CONTACT: M. Bradley Davis, Senior Vice President-Capital Markets of Magnum Hunter Resources, Inc., +1-972-401-0752 Web site: http://www.magnumhunter.com/

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