A 27% increase in income was reported by Mexco Energy Corporation (Amex: MXC) with net income of $167,145, or $0.09 per diluted share, for the quarter ending December 31, 2009 as compared with the same quarter of fiscal 2009.

The average sales price for the third quarter of fiscal 2010 was $5.25 per Mcfe, an increase of 1% compared to $5.19 per Mcfe for the third quarter of fiscal 2009. Oil production increased 8% and gas production decreased 9% during the third quarter of fiscal 2010 as compared to the same period of fiscal 2009 due to a temporary shut-in of a gas property.

The Company reported net income of $257,492, or $0.13 per diluted share for the nine months ended on December 31, 2009, a 78% decrease from $1,181,405 for the same period of fiscal 2009.

Operating revenues were $2,269,640 for the nine month period, a decrease of 46% from $4,208,771 for the same period of fiscal 2009. The average sales price for the nine months ended

December 31, 2009 was $4.48 per Mcfe compared to $8.88 per Mcfe for the same period of fiscal 2009. Production of gas and oil increased by7% and 3% respectively during the nine months ended December 31, 2009 as compared to the same period of fiscal 2009.

Oil and gas properties in ten states by Mexco Energy Corporation owns, with the majority of its activity centered in West Texas.

Through exploration and development as well as acquisition of royalties with significant development potential, the Company continues to focus its efforts on increasing oil and natural gas reserves.