EXHIBIT 99.1

March 6, 2007

FOR IMMEDIATE RELEASE

MEXCO ENERGY CORPORATION ANNOUNCES WORKING INTEREST PURCHASE

         MIDLAND, TEXAS, March 6, 2007 - Mexco Energy Corporation (ASE: MXC)
today announced it has purchased for $425,000 working interests in two
properties in Lea County, New Mexico. These properties, operated by McElvain Oil
and Gas Properties, Inc. and Chesapeake Operating, Inc., contain two (2)
producing wells. This purchase furthers the primary goal of the Company to
acquire oil and natural gas reserves.

     For fiscal year ended March 31, 2007, the Company to date has purchased
additional properties for $207,000, consisting primarily of royalties.

Mexco Contact:
Tammy L. McComic, Vice President and Chief Financial Officer,
mexco@sbcglobal.net, (432) 682-1119