Approach Resources Inc. Announces Distribution of Common Stock by Investor

Approach Resources Inc. announced that Yorktown Energy Partners V, L.P. has advised the Company that Yorktown V distributed a total of 940,979 shares of Approach common stock to Yorktown V limited and general partners after the market closed on August 7, 2008. Following the distribution, Yorktown V, together with Yorktown Energy Partners VI, L.P. and Yorktown Energy Partners VII, L.P., will continue to hold 7,527,830 million shares of the Company’s common stock, representing approximately 36% of the Company’s outstanding shares.

Yorktown V has also informed the Company that the shares of the Company’s common stock that were distributed can be immediately resold. The principals of the general partner of Yorktown V further advised the Company that they intend to retain the shares received in the distribution for the foreseeable future.

Yorktown Partners LLC, a New York-based private equity firm that invests in companies in the energy industry, first invested in the Company in January 2003 through Yorktown V.

“We expect that Yorktown V’s current distribution and any future distributions will improve the liquidity available to investors in Approach,” said Ross Craft, the Company’s President and Chief Executive Officer. “We are pleased that the principals of the general partner of Yorktown V are continuing to hold their investment in Approach.”

The number of shares of Approach common stock currently outstanding, which was not affected by Yorktown V’s distribution, is 20,651,591.