Houston, Texas May 12, 2008 – GeoResources, Inc., (NASDAQ:GEOI), today announced its financial results for the quarter ended March 31, 2008, compared to the results for the same period in 2007. In a separate press release issued May 1, 2008, GeoResources, Inc. announced its operations update, including horizontal drilling in Texas and North Dakota.

For the three months ended March 31, 2008, the Company reported net income of $4.2 million, or $0.29 per share compared to $790,000 or $0.15 per share in 2007. Total revenue increased 482% to $23.9 million in the first quarter of 2008 compared to $4.1 million the same quarter in 2007.

Oil and natural gas production increased substantially in the first quarter. Natural gas production increased to 809 MMcf from 192 MMcf in the first quarter of 2007, an increase of 321%. Oil production for the first quarter increased to 200 MBbls from 46 MBbls in the prior year’s period, an increase of 335%. Properties acquired in the 2007 Merger accounted for increased production of approximately 57,000 Mcf of gas and approximately 36,000 barrels of oil during the first quarter of 2008. Properties acquired in the fourth quarter of 2007 accounted for increased production of approximately 420,000 Mcf of gas and approximately 108,000 barrels of oil during the first quarter of 2008. The remaining increases were due to our drilling program, re-engineering and workovers, as well as increased commodity prices.

The average realized price of natural gas was $7.73 per Mcf for the first quarter of 2008, 27% more than the first quarter of 2007. The average realized price of oil for the first quarter of 2008 was $81.00 per barrel or 56% more than the first quarter in the prior year.

Earnings before interest, income taxes, depreciation, depletion and amortization, and exploration expense (“EBITDAX”) increased 563% to approximately $12,267,000 for the first quarter 2008 compared to $1,878,000 in the prior year’s similar quarter.

The following table reconciles reported net income to EBITDAX for the periods indicated:

(1) EBITDAX is defined as earnings before interest, income taxes, depreciation, depletion and amortization, and exploration expense. EBITDAX should not be considered as an alternative to net income (as an indicator of operating performance) or as an alternative to cash flow (as a measure of liquidity or ability to service debt obligations) and is not in accordance with, nor superior to, generally accepted accounting principles, but provides additional information for evaluation of our operating performance.

About GeoResources, Inc.

GeoResources, Inc. is an independent oil and gas company engaged in the acquisition and development of oil and gas reserves through an active and diversified program which includes purchases of reserves, re-engineering, and development and exploration activities, currently focused in the Southwest and Gulf Coast, Williston Basin and Rocky Mountains. For more information, visit our website at www.georesourcesinc.com.

Forward-Looking Statements

Information herein contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, which can be identified by words such as "may," "will," "expect," "anticipate," "estimate" or "continue," or comparable words. All statements other than statements of historical facts that address activities that the Company expects or anticipates will or may occur in the future are forward-looking statements. Readers are encouraged to read the SEC reports of the Company, readers are encouraged to read our Annual Report on Form 10-KSB/ A for the year ended December 31, 2007, and any and all other documents filed with the SEC regarding information about GeoResources for meaningful cautionary language in respect of the forward-looking statements herein. Interested persons are able to obtain free copies of filings containing information about GeoResources, without charge, at the SEC’s Internet site ( http://www.sec.gov).