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Operational Updates

Voyager Provides Bakken Operational Update

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Voyager Oil & Gas, Inc. is releasing an operations update.

Highlights include:

Second quarter 2012 average production of approximately 900 barrels of oil equivalent per day ("BOEPD"), a 40% increase over first quarter 2012, which was in-line with Company projections; 6.44 net (150 gross) wells producing from the Bakken or Three Forks as of June 30, 2012 with 1.41 net (32 gross) Bakken/Three Forks wells added to production during the second quarter 2012; and An additional 1.22 net (31 gross) wells being drilled or awaiting completion as of June 30, 2012.

Production Update

Voyager estimates second quarter 2012 average production was approximately 900 BOEPD, which represents a 40% increase above its first quarter 2012 average production of 625 BOEPD. Second quarter production was in-line…

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