Effective on January 27, 2021, Patrick E. Duke resigned from the Board of Director of U.S. Energy Corp. Mr. Duke's resignation was not in connection with a disagreement with the Company on any matter relating to the Company's operations, policies, or practices. To fill the vacancy left by Mr. Duke's resignation, the Board of Directors, with the recommendation of the Nominating Committee of the Board of Directors, appointed Mr. Ryan L. Smith, the current President, Chief Executive Officer and Chief Financial Officer of the Company, to the Board of Directors, effective January 28, 2021. Mr. Smith, in filling Mr. Duke's vacancy on the Board, will serve as a Class Two director, and will be up for reappointment at the 2021 annual meeting of stockholders. Ryan L. Smith has served as the Company's Chief Executive Officer since December 2019 and as the Company's Chief Financial Officer since May 2017. Mr. Smith consulted for the Company from January 2017 to May 2017. Prior to this position, Mr. Smith served as Emerald Oil Inc.'s Chief Financial Officer from September 2014 to January 2017, and Vice President of Capital Markets and Strategy from July 2013 to September 2014.