Lilis Energy, Inc. appointed John Johanning and Markus Specks as members of the Board, effective immediately. The appointments filled two vacancies previously created by the Board's increase in the number of directors constituting the entire Board. Mr. Johanning and Mr. Specks have been appointed to serve on the Board until the Company's next annual meeting of stockholders or until their respective successors are duly elected and qualified. Mr. Johanning and Mr. Specks are technical and managing directors, respectively, of V rde Partners, Inc. and/or its affiliates.