Highlights for the quarter ended March 31, 2009:

    Stockholders' equity:  $242.8 million  Net asset value per share:  $11.23   Operating Results:  Net decrease in stockholders' equity (net assets) from operations:    $18.7 million  Net investment income:  $5.9 million  Net increase in unrealized depreciation on portfolio securities,    corporate notes and commodity derivative instruments:    $24.6 million  Dividends declared per common share:  $0.20  Portfolio and Investment Activity:  New investments made in portfolio companies during period:    $12 million  Total invested in portfolio companies at March 31, 2009:    $300.5 million  Number of portfolio companies at March 31, 2009:  19 

Portfolio and Investment Activity

During the quarter ended March 31, 2009, the Company funded $12.0 million to existing portfolio companies and received $7.6 million in repayments. The Company did not add any new companies to its portfolio during the first quarter of 2009. At March 31, 2009, the Company's targeted investment portfolio consisted of nineteen portfolio companies totaling $300.5 million. The Company had commitments to fund an additional $49.1 million on total committed amounts of $349.6 million.

The weighted average yield on targeted portfolio investments was 6.51% at March 31, 2009. The weighted average yield on investments in corporate notes was 5.82%, on investments in U.S Treasury Bills and cash equivalents was 0.13% and 0.31%, respectively, as of March 31, 2009. The weighted average yield on the Company's total capital invested at March 31, 2009 was 6.05%.

The primary cause of the decline in the weighted average yield on targeted portfolio investments as of March 31, 2009 is that the calculation includes a negative yield on our investment in the ATP Oil & Gas Corporation limited term royalty, which had a cost basis of $22.5 million as of quarter end. The negative yield is the result of amortization on the investment being substantially higher than the income earned for the month of March 2009 due to lower oil and natural gas prices. In addition, though the investment is substantially hedged and such hedges produced substantial income for the month of March 2009, such income is not included in the yield calculation for targeted portfolio investments as the investment in commodity hedges is not included in the targeted investment portfolio. Further, we continue to maintain our investments in Formidable, LLC ("Formidable") ($37.9 million cost basis), BSR Loco Bayou, LLC ($2.4 million cost basis) and Chroma Exploration & Production, Inc. ($4.2 million cost basis) on non-accrual status.

Operating Results - Three months ended March 31, 2009

Investment income totaled $8.5 million for the quarter ended March 31, 2009, with $6.0 million attributable to interest from the Company's targeted portfolio investments, $3.2 million attributable to income from commodity derivative instruments, $0.9 million net loss attributable to royalty income net of amortization and $0.2 million net income attributable to investments in corporate notes and cash equivalents. Operating expenses for the quarter ended March 31, 2009 were $4.0 million and included $1.8 million of advisory and management fees, $1.0 million of interest expense and credit facility fees and $1.2 million of general and administrative expenses. The resulting net investment income for the first quarter of 2009, including a $1.3 million tax benefit, was $5.9 million.

For the three months ended March 31, 2009, the Company experienced a net increase in unrealized depreciation of $24.6 million, consisting of a $21.2 million decrease in targeted portfolio fair value, a $3.2 million decrease in the fair value of commodity derivative instruments and a $0.2 million decrease in the fair value of corporate notes. The $21.2 million decrease in targeted portfolio fair value consisted primarily of increases in unrealized depreciation on TierraMar Energy LP ("TierraMar") preferred LP units, $4.1 million, and Formidable Senior Secured Note, $17.5 million. The increase in unrealized depreciation on TierraMar's preferred LP units was primarily due to changes in our forecast of oil and natural gas prices. The increase in unrealized depreciation on the Formidable Senior Secured Note is primarily due to deterioration in the market for Powder River Basin natural gas assets.

Overall, we had a net decrease in stockholders' equity (net assets) resulting from operations of $18.7 million, or $0.86 per common share for the three months ended March 31, 2009 and dividends declared during the period of $0.20 per common share, resulting in stockholders' equity (net assets) per common share of $11.23 as of March 31, 2009.

Conference Call at 11:00 a.m. Eastern Time on May 7, 2009

The Company invites all interested persons to participate in its conference call on May 7, 2009 at 11:00 a.m. Eastern Time. The dial-in number for the call is (888) 471-3843. International callers should dial (719) 325-2473.

The Company will maintain an audio replay of the call from 2:00 p.m. Eastern Time on May 7, 2009 through midnight Thursday, May 14, 2009. The replay dial-in number is (888) 203-1112. International callers should dial (719) 457-0820. The replay pass code is 9494402. The call will also be accessible via the internet, on our Investor Relations page at www.ngpcrc.com.

                         NGP CAPITAL RESOURCES COMPANY                        CONSOLIDATED BALANCE SHEETS                                             March 31,                                              2009        December 31,                                           (Unaudited)        2008                                          -------------  -------------   Assets    Investments in portfolio     securities at fair value     (cost: $299,565,738 and     $294,432,215, respectively)          $ 228,217,795  $ 244,229,568    Investments in corporate     notes at fair value     (cost: $11,575,262 and     $11,586,899, respectively)               6,113,300      6,350,000    Investments in commodity     derivative instruments     at fair value (cost:     $480,130 and $774,095,     respectively)                            4,729,234      8,212,872    Investments in U.S. Treasury     Bills, at amortized cost     which approximates fair value           76,134,101             --                                          -------------  -------------      Total investments                     315,194,430    258,792,440                                          -------------  -------------     Cash and cash equivalents                26,916,388    133,805,575    Accounts receivable                          11,672         41,377    Interest receivable                       2,730,634      2,410,360    Prepaid assets                            1,426,983      1,898,905    Deferred tax assets                       6,252,617        200,000                                          -------------  -------------        Total current assets                 37,338,294    138,356,217                                          -------------  -------------     Deferred tax assets                         797,835      3,600,000                                          -------------  -------------       Total assets                        $ 353,330,559  $ 400,748,657                                          =============  =============   Liabilities and stockholders'   equity (net assets)  Current liabilities    Accounts payable and accrued     expenses                             $     328,843  $     512,926    Management and incentive     fees payable                             1,833,848      2,016,214    Dividends payable                         4,325,640      8,867,563    Income taxes payable                        163,569      3,529,308    Current portion of     long-term debt                          75,000,000     75,000,000                                          -------------  -------------      Total current liabilities              81,651,900     89,926,011                                          -------------  -------------   Deferred tax liabilities                    1,868,009             --  Long-term debt, less current   portion                                   27,000,000     45,000,000                                          -------------  -------------   Total liabilities                         110,519,909    134,926,011                                          -------------  -------------   Commitments and contingencies   Stockholders' equity (net assets)    Common stock, $.001 par value,     250,000,000 shares authorized;     21,628,202 shares issued and     outstanding                                 21,628         21,628    Paid-in capital in excess     of par                                 315,184,191    315,184,191    Undistributed net investment     income (loss)                           (1,872,680)    (3,420,716)    Undistributed net realized     capital gain (loss)                      2,038,312      2,038,312    Net unrealized appreciation     (depreciation) of portfolio     securities, corporate notes     and commodity derivative     instruments                            (72,560,801)   (48,000,769)                                          -------------  -------------       Total stockholders'       equity (net assets)                  242,810,650    265,822,646                                          -------------  -------------   Total liabilities and   stockholders' equity   (net assets)                           $ 353,330,559  $ 400,748,657                                          =============  =============   Net asset value per share               $       11.23  $       12.29                                          =============  =============                         NGP CAPITAL RESOURCES COMPANY                   CONSOLIDATED STATEMENTS OF OPERATIONS                                (Unaudited)                                            For the Three Months Ended                                            March 31,      March 31,                                               2009           2008                                          -------------  -------------  Investment income    Interest income                       $   6,194,539  $   8,952,116    Royalty income (loss),     net of amortization                       (894,302)       545,850    Commodity derivative     income, net of     expired options                          3,173,852             --    Other income                                 58,800         40,370                                          -------------  -------------       Total investment income                 8,532,889      9,538,336                                          -------------  -------------   Operating expenses    Management fees                           1,833,848      1,800,206    Professional fees                           166,727        208,979    Insurance expense                           200,221        198,817    Interest expense and fees                   997,842      2,441,076    State and excise taxes                        5,619          9,516    Other general and     administrative expenses                    796,949        738,600                                          -------------  -------------       Total operating expenses                4,001,206      5,397,194                                          -------------  -------------   Net investment income (loss)   before income taxes                        4,531,683      4,141,142   Benefit (provision) for   income taxes                               1,341,993             --                                          -------------  -------------   Net investment income (loss)                5,873,676      4,141,142                                          -------------  -------------   Net increase (decrease) in   unrealized appreciation   (depreciation) on portfolio   securities, corporate notes   and commodity derivative   instruments                              (24,560,032)    (1,746,162)                                          -------------  -------------   Net increase (decrease) in   stockholders' equity   (net assets) resulting   from operations                        $ (18,686,356) $   2,394,980                                          =============  =============   Net increase (decrease) in   stockholders' equity (net   assets) resulting from   operations per common share            $       (0.86) $        0.14                                          =============  =============                                              For the Three Months Ended                                            March 31,      March 31,  Per Share Data                               2009           2008                                          -------------  -------------   Net asset value, beginning   of period                              $       12.29  $       14.30                                          -------------  -------------   Net investment income                            0.28           0.24  Net realized and unrealized   gain (loss) on portfolio   securities, corporate notes   and commodity derivative   instruments                                    (1.14)         (0.10)                                          -------------  -------------  Net increase (decrease) in   stockholders' equity (net   assets) resulting from   operations                                     (0.86)          0.14                                          -------------  -------------   Net asset value before   dividends                                      11.43          14.44   Dividends declared                              (0.20)         (0.40)                                          -------------  -------------   Net asset value, end of   period                                 $       11.23  $       14.04                                          =============  ============= 

About NGP Capital Resources Company

NGP Capital Resources Company is a closed-end, non-diversified management investment company that has elected to be regulated as a business development company under the Investment Company Act of 1940. The Company's investment portfolio is principally invested in energy related private companies. From time to time, the Company may also invest in public companies. The Company invests primarily in senior secured and mezzanine loans in furtherance of its business plan and in some instances receives equity investments in portfolio companies in connection with such investments. NGP Capital Resources Company is managed by NGP Investment Advisor, LP, an affiliate of NGP Energy Capital Management. NGP Energy Capital Management, based in Irving, Texas, is a leading investment firm with over $9.6 billion of cumulative capital under management since inception, serving all sectors of the energy industry.

The NGP Capital Resources Company logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=4362

This press release may contain forward-looking statements. These forward-looking statements are subject to various risks and uncertainties, which could cause actual results and conditions to differ materially from those projected, including the uncertainties associated with the timing of transaction closings, changes in interest rates, availability of transactions, the future operating results of our portfolio companies, changes in regional, national, or international economic conditions and their impact on the industries in which we invest, or changes in the conditions of the industries in which we invest, and other factors enumerated in our filings with the Securities and Exchange Commission (the "SEC").

We may use words such as "anticipates," "believes," "expects," "intends," "will," "should," "may" and similar expressions to identify forward-looking statements. Undue reliance should not be placed on such forward-looking statements as such statements speak only as of the date on which they are made. We do not undertake to update our forward-looking statements unless required by law.

Persons considering an investment in NGP Capital Resources Company should consider the investment objectives, risks, and charges and expenses of the Company carefully before investing. Such information and other information about the Company is available in our annual report on Form 10-K, in our quarterly reports on Form 10-Q and in prospectuses we issue from time to time in connection with our offering of securities. Such materials are filed with the SEC and copies are available on the SEC's website, www.sec.gov. Prospective investors should read such materials carefully before investing.

This news release was distributed by GlobeNewswire, www.globenewswire.com

 CONTACT:  NGP Capital Resources Company           Investment Contact:           Please send investment proposals to:           John Homier             jhomier@ngpcrc.com           Kelly Plato             kplato@ngpcrc.com           Dan Schockling             dschockling@ngpcrc.com           Hans Hubbard             hhubbard@ngpcrc.com           Chris Ryals             cryals@ngpcrc.com           713-752-0062           Investor Relations Contact:           Steve Gardner           713-752-0062           investor_relations@ngpcrc.com 

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