On April 18, 2018, PetroShare Corp’s Board of Directors expanded its membership from six to nine members and appointed Mr. Michael Allen, Mr. Joseph Drysdale and Mr. Cullen Schaar as directors. The newly appointed Directors will serve in their positions until the next annual meeting of the Company's shareholders and until their successors are elected and qualified, or until they are removed. These new directors were appointed pursuant to the terms of a Secured Term Credit Agreement described in the Company's 8-K report filed with the Securities and Exchange Commission on February 7, 2018. Michael Allen Mr. Allen is the President of Providence Energy Corp., an independent oil and gas investment company he founded in 1993. Mike is a certified public accountant and started his career in Dallas with Ernst and Ernst, followed by 11 years with Headington Oil Company. Providence Energy Corp. is and has been active in various aspects of the energy industry, including exploration and production, upstream and midstream ventures, and the ownership and management of oil, gas and other minerals. Mike has been on several for profit and/or non-profit boards over the past decades. Joseph Drysdale: Joseph Drysdale is a co-founder and managing partner of Fifth Partners, an investment firm focused on leadership development. He is involved in all aspects of growth and management of the firm and has direct responsibility for Fifth's Energy and Real Estate platforms. Mr. Drysdale has 15 years of experience building and investing Cullen Schaar Cullen Schaar is Executive Vice President of Indigena Capital, Inuit and Metis peoples in Canada. Mr. Schaar has 11 years of experience making private equity investments on behalf of Indigena Capital, Providence Energy Corp., Leucadia National Corporation, and Jefferies Capital Partners. He has broad experience making control and non-control investments in multiple commercial sectors including specialty finance, distribution, logistics and transportation, and business services. Mr. Schaar currently serves as an independent director of Epic Gas Ltd.