ROTH Capital Partners Acts as Sole Book-Running Manager
for Torchlight Energy Resources, Inc (NASDAQ:TRCH)
in its $6.6 Million Follow-On


For more information please contact:

Investment Banking
Alexander Montano
Managing Director
(949) 720-5770
Otilia (Tilin) Chen
(949) 720-5783

Dustin F. Cabrera
Vice President
(949) 720-7136

Equity Capital Markets
Aaron Gurewitz
Head of Equity
Capital Markets
(949) 720-5703
Nazan Akdeniz
Senior Vice President
(949) 720-5740
Lou Ellis
Senior Vice President
(949) 720-5739

Transaction Information
Torchlight Energy Resources, Inc. (NASDAQ: TRCH), an energy company engaged in the acquisition, exploration, exploitation and/or development of oil and natural gas properties in the United States, has closed a underwritten public offering of 5,750,000 shares of its common stock, which includes the sale of an additional 750,000 shares pursuant to the full exercise of the over-allotment option granted to the underwriters. The shares were sold at a public offering price of $1.15 per share, resulting in the gross proceeds for Torchlight Energy Resources, Inc. of $6.6 Million.

Torchlight Energy Resources, Inc. intends to use the proceeds from the offering primarily to meet its drilling obligations at its Hazel Project and Orogrande Project and for general corporate purposes.

ROTH Capital Partners is acting as sole manager for the offering.

About Torchlight Energy Resources, Inc.
Torchlight Energy Resources, Inc. is an energy company engaged in the acquisition, exploration, exploitation and/or development of oil and natural gas properties in the United States. Torchlight Energy Resources, Inc.'s primary focus has been the development of interests in oil and gas projects it holds in the Permian Basin in West Texas, including the Orogrande Project in Hudspeth County, Texas, the Hazel Project in the Midland Basin and a Project in Winkler County, Texas in the Delaware Basin.  For more information, please visit
(Source: Company Press Release | 4/19/18)

About ROTH Capital Partners
ROTH Capital Partners, LLC (ROTH), is a relationship-driven investment bank focused on serving emerging growth companies and their investors. As a full-service investment bank, ROTH provides capital raising, M&A advisory, analytical research, trading, market-making services and corporate access. Headquartered in Newport Beach, CA, ROTH is privately-held and employee owned, and maintains offices throughout the U.S. For more information on ROTH, please visit

Date of Announcement: 4/25/18

The material, information and  facts discussed in this announcement other than the information regarding ROTH Capital Partners, LLC ("ROTH") and its affiliates, are from sources believed to be reliable, but are in no way guaranteed to be complete or accurate. This announcement should not be used as a complete analysis of any companies, securities or topics discussed herein. Additional information is available upon request. This is not, however, an offer or solicitation of the securities discussed. Any opinions or estimates in this announcement are subject to change without notice. An investment in any security based on this announcement may involve risks and uncertainties that could cause actual results to differ materially from the forward-looking statements. Additionally, such investments may involve a high degree of risk and may not be suitable for all investors. No part of this announcement may be reproduced in any form without the express written permission of ROTH. Copyright 2018.