Exhibit 99.1

DAKOTA PLAINS ANNOUNCES OIL STORAGE TANK EXPANSION
PROJECT AT PIONEER RAIL TERMINAL

To increase oil storage capacity from 180,000 barrels to 270,000 barrels

To enable daily throughput increase from 45,000 to 80,000 barrels of oil per day

WAYZATA, Minnesota, (September 2, 2014) Dakota Plains Holdings, Inc. (“Dakota Plains” and “DAKP”), (NYSEMKT: DAKP) today announced that its Board of Directors and joint venture partner have approved the expansion of oil storage at its Pioneer Terminal in New Town, North Dakota. Construction of a third 90,000 barrel storage tank is set to immediately commence; regulatory permits and engineering design are complete and Dakota Plains expects the storage tank to be operational by summer 2015.

The Pioneer Terminal is located in the heart of the Bakken and Three Forks formations and currently has sustainable throughput capacity of 45,000 barrels of oil per day with onsite oil storage of 180,000 barrels. The addition of a third storage tank, recently announced Hiland Partners gathering pipeline, and anticipated expanded rail service will facilitate increasing the sustainable throughput rate to a unit train per day – equivalent to 80,000 barrels of oil per day.

Gabe Claypool, President and Chief Operating Officer of Dakota Plains, who will oversee the project said: “The Pioneer Terminal is a safe, low-cost service provider with state-of-the-art technology. We expect a reduction in unit costs as we expand, and we are discussing steps to bring outsourced operations in-house for additional efficiency. Construction of the new storage tank will commence immediately but will be suspended during the winter months and resumed in the spring. We built the Pioneer Terminal safely, on-time, and under budget and expect to do the same with this storage tank by utilizing the same experienced personnel who built the first two storage tanks.”

Craig M. McKenzie, Chairman and Chief Executive Officer of Dakota Plains, said: “We are working in the near-term to increase the sustained daily throughput to 80,000 barrels per day. We now have economies of scale at the Pioneer Terminal so that this project will provide an attractive return on investment for the benefit of our stockholders. Construction of the new storage tank is estimated to cost $5.5 million gross or $2.75 million net to Dakota Plains for its 50% share; the project is expected to be funded through cash from operations and debt.”

McKenzie continued: “Our goal is ultimately to expand the Pioneer Terminal capacity beyond 80,000 barrels per day commensurate with oil developments near the Pioneer Terminal, complemented by the Hiland Partners pipeline that will be able to gather oil from across the basin.”