Saratoga Resources, Inc. Closes Placement of $25.0 Million of 12.5% Senior Secured Notes

Saratoga Resources, Inc. (NYSE MKT: SARA; the 'Company? or 'Saratoga?)
today announced the completion of its previously announced offering of
$25.0 million in principal amount of Senior Secured Notes due 2016.

Saratoga intends to use the net proceeds from the offering of
approximately $23.3 million for general corporate purposes, including
working capital and capital expenditures.

This press release does not constitute an offer to sell or the
solicitation of an offer to buy any securities nor shall there be any
sale of these securities in any state or jurisdiction in which such
offer, solicitation or sale would be unlawful prior to registration or
qualification under the securities laws of any state or jurisdiction.

Management Comments

Mr. Michael O. Aldridge, Saratoga′s Chief Financial Officer, said, 'We
are pleased to announce the successful closing of our senior notes
offering in challenging market conditions. With this additional capital,
we have substantially enhanced our liquidity and are well positioned to
execute our development program through 2013, which we estimate will
entail capital expenditures of up to $60 million. Following Hurricane
Isaac and the resulting deferral of projects, we are once more ramping
up production and resuming our development program.? Mr. Aldridge added,
'In addition, while we are active in layering in price and cash flow
protection through hedging, this additional cash provides added
protection against commodity price volatility and other unforeseen
events and positions us to take advantage of opportunities in the market
as they arise.?

About Saratoga Resources

Saratoga Resources is an independent exploration and production company
with offices in Houston, Texas and Covington, Louisiana. Principal
holdings cover 32,119 gross/net acres, mostly held-by-production (all
depths), currently located in the transitional coastline and protected
in-bay environment on parish and state leases of south Louisiana. Most
of the company's large drilling inventory has multiple pay objectives
that range from as shallow as 1,000 feet to the ultra-deep prospects
below 20,000 feet in water depths of less than 10 feet. For more
information, go to Saratoga's website at www.saratogaresources.com
and sign up for regular updates by clicking on the Updates button.

Forward-looking Statements

This press release includes forward-looking statements within the
meaning of Section 21E of the Securities Exchange Act of 1934. Words
such as 'expects?, 'anticipates', 'intends', 'plans', 'believes',
'assumes', 'seeks', 'estimates', 'should', and variations of these words
and similar expressions, are intended to identify these forward-looking
statements. While we believe these statements are accurate,
forward-looking statements are inherently uncertain and we cannot assure
you that these expectations will occur and our actual results may be
significantly different. These statements by the Company and its
management are based on estimates, projections, beliefs and assumptions
of management and are not guarantees of future performance. Important
factors that could cause actual results to differ from those in the
forward-looking statements include the factors described in the 'Risk
Factors' section of the Company's filings with the Securities and
Exchange Commission. The Company disclaims any obligation to update or
revise any forward-looking statement based on the occurrence of future
events, the receipt of new information, or otherwise.

Saratoga Resources, Inc.

Brad Holmes, 713-654-4009

Investor
Relations

or

Thomas Cooke, 713-458-1560

CEO

or

Andrew
Clifford, 713-458-1560

President

or

Michael Aldridge,
713-458-1560

CFO

www.saratogaresources.com