MEXCO ENERGY CORP

EX-99.1 · ex99-1.htm

EX-99.1
 2
 ex99-1.htm
 EX-99.1

 EXHIBIT
99.1

 June
4, 2026

 FOR
IMMEDIATE RELEASE

 Mexco
Energy Corporation Declares Dividend on Common Shares

 MIDLAND,
TX – 06/04/2026 – Mexco Energy Corporation (NYSE American: MXC) announced today that its Board of Directors declared a regular
annual cash dividend of $0.10 per common share. The dividend is payable June 30, 2026 to the stockholders of record at the close of business
on June 15, 2026.

 Mexco
Energy Corporation, a Colorado corporation, is an independent oil and gas company located in Midland, Texas engaged in the acquisition,
exploration and development of oil and gas properties primarily in the Permian Basin. For more information on Mexco Energy Corporation,
go to www.mexcoenergy.com .

 Dividends
are authorized and determined by the Company’s Board of Directors in its sole discretion. Decisions regarding the payment of dividends
are subject to a number of considerations at the time, including without limitation, the Company’s liquidity and capital resources,
the Company’s results of operations and anticipated future results of operations, the level of cash reserves the Company maintains
to fund future capital expenditures or other needs, and other factors that the Board of Directors deems relevant. The Company can provide
no assurance that dividends will be authorized or declared in the future or the amount of any future dividends.

 For
additional information, please contact: Tammy L. McComic, President and Chief Financial Officer, at Mexco Energy Corporation, (432) 682-1119.