Lilis Energy, Inc. announced on April 15, 2020 that Mark Christensen, R. Glenn Dawson, and Ronald D. Ormand resigned as members of the Board of Directors. The resignations were not the result of any disagreement of any of the resigning directors with the Company, its directors or any of its stockholders on any matter relating to the Company's operations, policies or governance practices. The Board accepted the resignations, which reduced the size of the Board from eight to five effective with their resignations. Mr. Dawson had served on the Audit Committee and the Nominating and Corporate Governance Committee of the Board. The Board will appoint current director Nuno Brandolini to serve on the Audit Committee with its remaining member and chairman, Michael G. Long. In light of the significantly reduced size of the Board, the Board will temporarily dissolve its Reserves Committee, Compensation Committee and Nominating and Corporate Governance Committee and assign the duties of its Compensation Committee and its Nominating and Corporate Governance Committee to its directors that meet the independence standards of the NYSE American LLC.