Penn Virginia Corporation to Participate in Upcoming Investor Conferences

Penn Virginia Corporation (NYSE: PVA) announced today that it will
participate in five upcoming investor conferences.

PVA will participate in the Oil & Gas Investment Symposium (OGIS)
Florida, hosted by the Independent Petroleum Association of America
(IPAA), in Palm Beach, on Thursday, February 2, 2012. PVA′s presentation
is scheduled for 3:10 ?p.m. Eastern time. H. Baird Whitehead, President
and Chief Executive Officer, will present an overview of PVA′s
operations, including a discussion of strategy and recent activities.

PVA will participate in the J.P. Morgan Global High Yield & Leveraged
Finance Conference, in Miami Beach, on Monday, February 27, 2012. PVA′s
presentation is scheduled for 9:00 ?a.m. Eastern time. Mr. Whitehead will
present an overview of PVA′s operations, including a discussion of
strategy and recent activities.

PVA will participate in the 2012 Global Resources & Infrastructure
Conference, hosted by Brean, Murray, Carret & Co., in New York on
Thursday, March 1, 2012. James W. Dean, Vice President, Corporate
Development, will discuss PVA′s operations, strategy and recent
activities.

PVA will participate in the High Yield Bond and Syndicated Loan
Conference, hosted by Barclays Capital, in Phoenix, on Monday, March 26,
2012 and Tuesday, March 27, 2012. Steven A. Hartman, Senior Vice
President and Chief Financial Officer will present an overview of PVA′s
operations, including a discussion of strategy and recent activities.

Lastly, PVA will participate in the 40^th Annual Howard Weil
Energy Conference, in New Orleans, on Tuesday, March 27, 2012 and
Wednesday, March 28, 2012. PVA′s presentation is scheduled for 2:40 ?p.m.
Eastern time (1:40 p.m. Central time) on March 28, 2012. Mr. Whitehead
will present an overview of PVA′s operations, including a discussion of
strategy and recent activities.

Please visit PVA′s website, www.pennvirginia.com,
under 'Presentations & Webcasts? in the investor relations section to
view the accompanying slideshow presentations to be posted prior to the
events, as well as to listen to any webcasts associated with the
conferences.

Penn Virginia Corporation (NYSE: PVA) is an independent oil and gas
company engaged primarily in the development, exploration and production
of natural gas and oil in various domestic onshore regions including
Texas, Appalachia, the Mid-Continent and Mississippi.For more
information, please visit our website at www.pennvirginia.com.

Penn Virginia Corporation

James W. Dean

Vice President,
Corporate Development

Ph: 610-687-7531

Fax: 610-687-3688

invest@pennvirginia.com