EXHIBIT "99.1"

NEWS RELEASE FOR IMMEDIATE RELEASE   Contact: New Concept Energy Inc. Investor Relations Gene Bertcher, (800) 400-6407 info@newconceptenergy.com

New Concept Energy, Inc. Reports Third Quarter 2014 Results

Dallas (November, 2014) —New Concept Energy, Inc. (NYSE MKT: GBR), ( the "Company" or "NCE") a Dallas-based oil and gas company, today reported net loss for the three months ended September 30, 2014 of $204,000 or $0.10 per share, compared to a net income of $133,000 or $0.07 per share for the three months ended September 30, 2013. Included in 2013 was income for a recovery of bad debt expense of $410,000.

Operating expenses included non-cash depletion, depreciation and amortization of $165,000 and $256,000 for the three months ended September 30, 2014 and 2013 respectively.

For the three months ended September 30, 2014, the Company recorded oil and gas revenues, net of royalty expenses of $410,000 as compared to $324,000 for the comparable period of 2013. The changes in oil and gas revenues were due to new oil wells that were drilled in late 2013.

The Company recorded revenues of $721,000 for the three months ended September 30, 2014 from its retirement property compared to $694,000 for the comparable period in 2013. The increase was primarily due to rate increases.

For the three months ended September 30, 2014, the Company recorded oil and gas operating expenses of $447,000 as compared to $495,000 for the comparable period of 2013. The decrease was primarily due to a decrease in depletion expense.

For the three months ended September 30, 2014, operating expenses at the retirement property were $640,000 as compared to $607,000 for the comparable period in 2013. The increases in operating expenses were due to an overall increase in non-payroll related expenses.

For the three months ended September 30, 2014, corporate general & administrative expenses were $208,000 as compared to $170,000 for the comparable periods in 2013. The increase is primarily due to consulting fees paid to assist the Company in its operations and to identify new oil and gas opportunities.

Contact

New Concept Energy, Inc.

Gene Bertcher, (800) 400-6407

info@newconceptenergy.com

NEW CONCEPT ENERGY, INC AND SUBSIDIARIES
CONSOLIDATED STATEMENT OF OPERATIONS
(unaudited)
(amounts in thousands, except per share data)
	For the Three Months ended September 30,						For the Nine Months ended September 30,
	2014			2013			2014			2013
Revenue
Oil and gas operations, net of royalties	$	410		$	324		$	1,239		$	1,048
Real estate operations		721			694			2,174			2,040
		1,131			1,018			3,413			3,088
Operating expenses
Oil and gas operations		447			495			1,355			1,444
Real estate operations		400			372			1,183			1,141
Lease expense		240			235			721			707
Corporate general and administrative		208			170			605			513
		1,295			1,272			3,864			3,805
Operating earnings (loss)		(164	)		(254	)		(451	)		(717	)
Other income (expense)
Interest income		1			1			3			9
Interest expense		(22	)		(24	)		(75	)		(97	)
Recovery of bad debt expense		-			410			-			1,143
Other income (expense), net		(19	)		-			180			(36	)
Other income (expense)		(40	)		387			108			1,019
Net income (loss) applicable to common shares	$	(204	)	$	133		$	(343	)	$	302
Net income (loss) per common share-basic and diluted	$	(0.10	)	$	0.07		$	(0.18	)	$	0.16
Weighted average common and equivalent shares outstanding - basic		1,947			1,947			1,947			1,947

NEW CONCEPT ENERGY, INC. AND SUBSIDIARIES
CONSOLIDATED BALANCE SHEETS
(unaudited)
(amounts in thousands)
	September 30, 2014		December 31, 2013
Assets
Current assets
Cash and cash equivalents	$	311	$	1,621
Accounts receivable from oil and gas sales		232		195
Other current assets		176		203
Total current assets		719		2,019
Oil and natural gas properties (full cost accounting method)
Proved developed and undeveloped oil and gas properties, net of depletion		8,913		9,190
Property and equipment, net of depreciation
Land, buildings and equipment - oil and gas operations		1,501		1,442
Other		172		183
Total property and equipment		1,673		1,625
Other assets (including $125 and $161 due from related parties
in 2014 and 2013)		1,218		474
Total assets	$	12,523	$	13,308

NEW CONCEPT ENERGY, INC. AND SUBSIDIARIES
CONSOLIDATED BALANCE SHEETS - CONTINUED
(unaudited)
(amounts in thousands, except share amounts)
	September 30, 2014			December 31, 2013
Liabilities and stockholders' equity
Current liabilities
Accounts payable - trade	$	362		$	121
Accrued expenses		321			965
Current portion of long term debt		215			185
Total current liabilities		898			1,271
Long-term debt
Notes payable less current portion		2,126			2,195
Asset retirement obligation		2,770			2,770
Total liabilities		5,794			6,236
Stockholders' equity
Preferred stock, Series B		1			1
Common stock, $.01 par value; authorized, 100,000,000
shares; issued and outstanding, 1,946,934 shares
at June 30, 2014 and December 31, 2013		20			20
Additional paid-in capital		58,838			58,838
Accumulated deficit		(52,130	)		(51,787	)
		6,729			7,072
Total liabilities & equity	$	12,523		$	13,308