Tortoise Capital Resources Corp. Announces Filing of Resale Registration Statement

OVERLAND PARK, Kan., May 11 /PRNewswire-FirstCall/ -- Tortoise Capital Resources Corp. (NYSE: TTO) today announced that the company filed a resale registration statement covering securities issued in private placements prior to the company's initial public offering (IPO).

The securities registered for resale are the common stock and warrants issued by the company in December 2005 and January 2006 in the company's initial private placement, the warrants issued in December 2006, and the common stock issuable upon exercise of the warrants.

The company will not receive any proceeds from the securities registered for resale, other than cash consideration in connection with the exercise of the warrants.

"While we do not expect a significant amount of these securities to be sold immediately once the registration statement becomes effective, we believe it is appropriate to provide the same level of market access to our pre-IPO investors that is currently enjoyed by those who purchased our stock in the IPO," said Tortoise Capital Resources President, Ed Russell.

About Tortoise Capital Resources Corp.

Tortoise Capital Resources invests primarily in privately-held and micro- cap public companies operating in the midstream and downstream segments, and to a lesser extent the upstream segments of the U.S. energy infrastructure sector. Tortoise Capital Resources seeks to provide stockholders a high level of total return, with an emphasis on dividends and dividend growth.

About Tortoise Capital Advisors, LLC

Tortoise Capital Advisors, LLC, the adviser to Tortoise Capital Resources Corp., is a pioneer in the capital markets for master limited partnership (MLP) investment companies and a leader in closed-end funds and separately managed accounts focused on MLPs in the energy infrastructure sector. As of April 30, 2007, the adviser had approximately $2.9 billion of assets under management.

Safe Harbor Statement

This press release shall not constitute an offer to sell or a solicitation to buy, nor shall there be any sale of the securities in any state or jurisdiction in which such offer or solicitation or sale would be unlawful prior to registration or qualification under the laws of such state or jurisdiction. Investors should consider the investment objective, risks, charges and expenses of the fund carefully before investing. For this and other important information, investors should refer to the prospectus supplement and accompanying prospectus, and read them carefully before investing.

    Contact information
    Tortoise Capital Advisors, LLC
    Pam Kearney, Investor Relations, (866) 362-9331,
    pkearney@tortoiseadvisors.com

SOURCE Tortoise Capital Resources Corp.

Released May 11, 2007