Penn Virginia Corporation Announces New Chief Financial Officer

Penn Virginia Corporation (NYSE: PVA) announced today that Steven A.
Hartman has been promoted to Senior Vice President and Chief Financial
Officer, effective immediately.

Mr. Hartman joined PVA in August 2003 and has served as Vice President
and Treasurer since July 2006. He also served as Assistant Treasurer and
Treasury Manager from 2004 to 2006 and as Manager, Corporate Development
from 2003 to 2004. Mr. Hartman also held the same positions for the
general partners of Penn Virginia Resource Partners, L.P. (NYSE: PVR)
and Penn Virginia GP Holdings, L.P. (NYSE: PVG) from August 2003 to June
2010. Prior to joining PVA, Mr. Hartman was employed by El Paso
Corporation (NYSE: EP) and its publicly traded partnership GulfTerra
Energy Partners, L.P., in a variety of financial and
corporate-development related positions. Mr. Hartman has a B.A. in
Geology from California State University, Sacramento and a M.B.A. from
Southern Methodist University.

A. James Dearlove, Chief Executive Officer of PVA, said, 'Steve has done
an excellent job as Treasurer for the Penn Virginia entities and has
worked closely with other members of senior management on various
strategic and financial initiatives. We are pleased to name him as Chief
Financial Officer, and we look forward to his continued contributions to
our future success.?

Penn Virginia Corporation (NYSE: PVA) is an independent natural gas
and oil company focused on the exploration, acquisition, development and
production of reserves in onshore regions of the U.S., including
Oklahoma, Texas, the Appalachian Basin 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