Lucas Energy Comments on Recent Stock Volume and Price Fluctuations

Lucas Energy, Inc. LEI announced that its Common Stock has recently experienced significant and unusual market activity. As of the close of the NYSE Amex market on June 1, 2011, the stock was trading up almost 13% on 2.4 million shares of volume, versus a recent average daily volume of 970,000 shares. Although Lucas cannot know the decision making process of each and every investor, Lucas believes that the most likely reason for the increase in volume and price may be due to the announcement that Marathon Oil Corporation MRO is acquiring the Eagle Ford assets of Hilcorp Resources, an affiliate of Hilcorp Energy Company. Lucas Energy, Inc. is a joint venture partner with Hilcorp in the Eagle Ford trend in Gonzales County, Texas. Lucas is, also, a joint venture partner with Marathon in the Eagle Ford trend in Wilson County, Texas. Hilcorp is expected to continue as operator for another six months. Development of the Eagle Ford acreage in which Lucas has interests is expected to move forward since the press releases indicated that Marathon will increase the number of drilling rigs from six to twenty.