MV Oil Trust Announces Trust First Quarter Distribution

HOUSTON–(BUSINESS WIRE)–MV Oil Trust (NYSE: MVO) announced the Trust distribution of net profits
for the first quarterly payment period ended March 31, 2018.

Unitholders of record on April 16, 2018 will receive a distribution
amounting to $4,197,500 or $0.365 per unit payable April 25, 2018.

Volumes, average price and net profits for the payment period were:

This press release contains forward-looking statements. Although MV
Partners, LLC has advised the Trust that MV Partners, LLC believes that
the expectations contained in this press release are reasonable, no
assurances can be given that such expectations will prove to be correct.
The announced distributable amount is based on the amount of cash
received or expected to be received by the Trustee from the underlying
properties on or prior to the record date with respect to the quarter
ended March 31, 2018. Any differences in actual cash receipts by the
Trust could affect this distributable amount. Other important factors
that could cause these statements to differ materially include the
actual results of drilling operations, risks inherent in drilling and
production of oil and gas properties, the ability of commodity
purchasers to make payment, and other risk factors described in the
Trust’s Form 10-K for the year ended December 31, 2017 filed with the
Securities and Exchange Commission. Statements made in this press
release are qualified by the cautionary statements made in these risk
factors. The Trust does not intend, and assumes no obligations, to
update any of the statements included in this press release.

Contacts

MV Oil Trust
The Bank of New York Mellon Trust Company, N.A., as
Trustee
Michael Ulrich, 512-236-6599