NEWS RELEASE

June 24, 2008
Contact: John B. Williamson, III
Chairman of the Board, President and CEO

RGC RESOURCES, INC.
DECLARES REGULAR QUARTERLY DIVIDEND

The Board of Directors of RGC Resources, Inc. (NASDAQ: RGCO), at its meeting on June 23, 2008 declared a quarterly dividend of $0.3125 per share on the Company's common stock. The indicated annual dividend is $1.25. The dividend will be paid on August 1, 2008 to shareholders of record on July 17, 2008. This is the Company's 257th consecutive quarterly cash dividend.

RGC Resources, Inc. provides energy and related products and services to customers in Virginia through its operating subsidiaries including Roanoke Gas Company, Diversified Energy Company and RGC Ventures of Virginia, Inc.

From time to time, the Company may publish forward-looking statements relating to such matters as anticipated financial performance, business prospects, technological developments, new products, research and development activities and similar matters. The Private Securities Litigation Reform Act of 1995 provides a safe harbor for forward-looking statements. In order to comply with the terms of the safe harbor, the Company notes that a variety of factors could cause the Company's actual results and experience to differ materially from the anticipated results or other expectations expressed in the Company's forward-looking statements.