Vanguard Natural Resources Inc. (fka VNRRQ)

[Uranium]

Vanguard Natural Resources, LLC (NASDAQ:VNR) (“Vanguard” or “the Company”) today announced it made the approximate $15 million semi-annual interest payment on its 7.875% Senior Notes due 2020 (the “Notes”). In addition, the Company entered into a Limited Waiver and Eleventh Amendment (the “Waiver and Eleventh Amendment”) to its reserve-based credit facility with the lenders thereto (the “First Lien Lenders”). Pursuant to the Waiver and Eleventh Amendment, Vanguard’s First Lien Lenders waived the covenant requiring the Company to maintain liquidity in excess of $50 million as a condition to making the current semi-annual interest payment on the Notes and the approximately $2.1 million semi-annual interest payment due on December 1, 2016 on the Company’s 8 3/8% Senior Notes due 2019.