Amen Properties, Inc. (Pink Sheets: AMEN), announced today that its Board of Directors has approved a share repurchase program authorizing the Company to repurchase from time to time, at management’s discretion, up to 5,000 shares of the Company’s common stock. The Board has not established an end date for this repurchase program. Common stock acquired through the repurchase program will be held as treasury shares and may be used for general corporate purposes, including re-issuances in connection with acquisitions, stock option exercises or employee stock plans. Repurchases will be funded from existing working capital and future earnings.

This announced share purchase program reflects management's commitment to enhance shareholder value and create additional liquidity for its shares which are currently quoted on the Pink Sheets®, a centralized electronic quotation service for over-the-counter securities.

The size, scope and timing of any purchases under the new program will depend on a variety of business, market and other conditions and factors, including price, cash generation from operations, cash requirements for the Company’s operations, regulatory and contractual requirements or consents, and securities law limitations.

Repurchases under this program will be implemented from time to time through a variety of methods, which may include open market purchases, privately negotiated transactions, or by any combination of such methods, all in compliance with Rule 10b-18 under the Securities Exchange Act of 1934 and applicable insider trading and other federal and state securities laws and regulations. This plan does not obligate the Company to acquire any particular number of shares. The repurchase program may be suspended, extended or discontinued at any time without prior notice.

This press release is for informational purposes only and is not an offer to purchase or a solicitation of an offer to sell shares of the Company’s common stock. Existing shareholders interested in learning more about this repurchase program may contact the Company directly by calling Kris Oliver at (972) 664-1610.

This press release contains certain forward-looking statements regarding the timing and manner of, and the sources of funding for, the company's purchase of shares pursuant to the share repurchase program. Such statements reflect management's plans, estimates and beliefs, and are subject to risks and uncertainties, which could cause actual results to differ materially from such statements. Readers are cautioned not to place undue reliance on the forward-looking statements contained in this release, which speak only as of the date hereof. We undertake no obligation to update publicly or revise such forward-looking statements.

About Amen Properties:

Amen is a Christian corporation with a strategic asset – a net operating loss accumulated during the Company’s “dot com” past totaling $28 million which can be used to offset tax liabilities arising from future earnings. Amen seeks to own strong energy-related assets and businesses with earnings which can be shielded from taxes via the Company’s NOL. Currently, Amen owns business and assets which fall into two categories: Energy Services and Energy Resources.

Energy Services: Priority Power (www.prioritypower.net)

Priority Power is an independent energy management and consulting services firm whose sole purpose is to act as an extension of our clients’ staff to mitigate the risk and overcome the challenges associated with energy supply, information, and demand management. Priority Power has 1,200 clients representing over 7.1 billion kilowatt hours and $650 million in annual energy consumption.

Energy Resources: Oil and Gas Interests

Amen owns royalty and working interests in over 1,200 properties in twelve states through its ownership of SFF Royalty, LLC (33.3% ownership) and SFF Production, LLC (79.1% owner), the entities which own the interests formerly held by Santa Fe Energy Trust.

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