2009-07-08-2009-06-05-2009-06-05

Entered JV for 20-well development program on 320-acre Brownrigg lease in Linn County, KS, in exchange for 10% WI.

EnerJex Resources Inc., Overland Park, Kan., (OTCBB: ENRJ) has entered into an agreement with Kansas-based Pharyn Resources to begin a 20-well development program on EnerJex's Brownrigg lease in Linn County, Kansas. EnerJex will contribute the 320-acre property in exchange for a 10% carried working interest and a cost-plus management fee. Pharyn will contribute up to $700,000 in initial development capital. EnerJex will develop the project and remain operator.