Denbury Resources to Present at Upcoming Conferences

Denbury Resources Inc. (NYSE: DNR), announced today that the Company will be presenting at the JPMorgan High Yield Conference on Wednesday, January 23, 2008 at 11:15 AM EDT and at the Credit Suisse Energy Conference on Tuesday, February 5 at 8:15 AM MDT. Prior to the February conference, the Company plans to update its slide presentation with its December 31, 2007 reserve information. This updated presentation will be available on Denbury’s website, www.denbury.com by Monday evening, February 4. The Credit Suisse presentation will be webcast, and will be available from www.denbury.com and archived on Denbury’s web site for approximately 30 days thereafter.

Transactional Update

The Company also announced that in late December it closed on approximately 70% of its previously announced $180 million sale of its Louisiana natural gas properties, with net proceeds for that portion of the sale, after adjustments, of approximately $119 million. The balance of the transaction is expected to close in the next few weeks, pending resolution of a preferential right issue. The Company used the funds received from the December sale to reduce its outstanding bank debt, which as of December 31, 2007 was $150 million.

The pending “drop-down” to Genesis Energy, L.P. of the Company’s NEJD and Free State CO2 pipelines originally scheduled to close in December has been delayed, with closing now anticipated in late January or early February. The total estimated value of these transactions is currently expected to be approximately $250 million, consisting of pipeline property sales and a long-term transportation services arrangement for Free State and a 20 year direct financing lease for the NEJD system. While the business terms of the transactions and associated documentation have been substantially completed, closing remains subject to reaching satisfactory agreements with Genesis’ banks, approval by the Genesis independent audit committee, and receipt of a third-party fairness opinion by Genesis, plus completion and delivery of closing documentation.

2007 Earnings Release

The Company will announce its 4th quarter and 2007 year-end results on Thursday, February 21, 2008. You are invited to listen to Denbury’s conference call broadcast live over the Internet on Thursday, February 21, 2008 at 10:00 a.m. CDT. Gareth Roberts, President and Chief Executive Officer, Phil Rykhoek, Sr. Vice President and Chief Financial Officer, Robert Cornelius, Senior Vice President – Operations and Tracy Evans, Senior Vice President of Reservoir Engineering, will lead the call. The call may be accessed at Denbury’s website at www.denbury.com. If you are unable to participate during the live broadcast, the call will be archived on Denbury’s website for approximately 30 days. The audio portion of the call will also be available for playback by phone for one month after the call by dialing (888) 203-1112 or (719) 457-0820, passcode # 8041348.

Denbury Resources Inc. (www.denbury.com) is a growing independent oil and gas company. The Company is the largest oil and natural gas operator in Mississippi, owns the largest reserves of CO2 used for tertiary oil recovery east of the Mississippi River, and holds significant operating acreage in the Barnett Shale play near Fort Worth, Texas, onshore Louisiana and Alabama, and properties in Southeast Texas. The Company’s goal is to increase the value of acquired properties through a combination of exploitation, drilling and proven engineering extraction practices, with its most significant emphasis relating to tertiary recovery operations.