PSEC – A Prospect Capital Fund

Prospect Energy Corporation Provides Senior Secured Convertible Debt Financing to Miller Petroleum, Inc.

May 9, 2005

NEW YORK, NY – (MARKET WIRE) – 05/09/05 – Prospect Energy Corporation
(NASDAQ: PSEC), (“Prospect”) announced today that it has agreed to
provide $3.15 million of senior secured debt financing to Miller
Petroleum, Inc. (OTC BB: MILL), (“…