Lilis Energy Appoints Joe Pawelek Vice President of Corporate Finance & Investor Relations

DENVER, Aug. 11, 2016 /PRNewswire/ -- Lilis Energy Inc. (OTCQB: LLEX) today announced the appointment of Joe Pawelek as Vice President of Corporate Finance and Investor Relations. The Company also announced it has engaged CorProminence LLC as its investor relations firm of record. Mr. Pawelek brings to his role at Lilis Energy exemplary experience across a variety of roles from finance and financial reporting, to preparing and assessing reserves and capital budgeting, to M&A and valuation. Prior to joining Lilis Energy, Mr. Pawelek served as Associate and Head of Business Development at Brushy Resources, Inc. since 2012. Prior to his employment with Brushy Resources, Mr. Pawelek enjoyed a career in the NFL, playing linebacker for the  Seattle Seahawks and the Jacksonville Jaguars, after a decorated collegiate career. Mr. Pawelek earned a degree from Baylor University with a Bachelor of Business Administration in Finance and  Economics and a Masters in Business Administration from The University of Texas at San Antonio.

"I am excited to be joining the Lilis Energy team at such a crucial stage of the company.  Our goals are to attain exceptional results and build strong shareholder value," said Mr. Pawelek. "I look forward to contributing to our success with an engaging strategic approach that will serve our shareholders to provide transparency and a better understanding of our company," he added.

"On behalf of the entire Lilis organization I am delighted to welcome Joe to our team. Now that the merger is behind us, it is time to provide consistent updates to the market and engage in continous communications with our shareholders," said Avi Mirman, CEO and Director of Lilis Energy. " Given Joe's intimate knowledge of the acquisition assets, and his background in finance and energy, we couldn't be happier with our new voice to the markets," Mr. Mirman concluded.

As Lilis Energy's Investor Relations firm of record, CorProminence will focus on expanding strategic market awareness and support shareholder communications for Lilis Energy, conveying the Company's key messages to the institutional and retail investment communities. CorProminence is a leading boutique investor relations firm, specializing in leveraging the most effective investment, growth and exposure strategies for small to mid-sized companies through an integrated approach to relationship development and shareholder communications.

"Our entire CorProminence team is thrilled to join Lilis Energy in support of their expansive investor relations needs. Our unique, integrated approach to investor outreach and shareholder commmunications will bring our industry leading best practices in market outreach and investor awareness to create practical, lasting value," said Scott Gordon, President of CorProminence. "Our team of investor relations professionals brings a collective expertise that spans the breadth of the investment spectrum and will serve to complement Lilis Energy's impressive growth strategy with a strong track record of broad-based competence and results," he concluded.

"We chose CorProminence from a competitive field of firms for their unique, results-driven approach to delivering exceptional investor relations services, which will significantly enhance our communications outreach in effectively communicating our business model and growth strategy and raise awareness of Lilis Energy within the investment communities" said Avi Mirman, CEO and Director of Lilis. "We are eager to work with the entire CorProminence team in carrying forward our message," he added.

About Lilis Energy, Inc.

Lilis Energy Inc. is a Denver-based independent oil and gas exploration and production company that operates in the Permian's Delaware Basin and in the Denver-Julesburg (DJ) Basin, considered amongst the leading resource plays in North America. Lilis's total net acreage in the Permian Basin is approximately 3,800 acres, and total net acreage in the DJ is approximately 7,600 acres. Lilis Energy's near-term E&P focus is to grow current reserves and production, and pursue strategic acquisitions in its core areas. For more information, please contact CorProminence LLC: (516) 222-2560 or visit www.lilisenergy.com.

Forward Looking Statements

This press release may include or incorporate by reference "forward-looking statements" as defined by the SEC, including but not limited to statements regarding Lilis Energy's expectations, beliefs, intentions or strategies regarding the future. These statements are qualified by important factors that could cause Lilis Energy's actual results to differ materially from those reflected by the forward-looking statements. Such factors include but are not limited to Lilis Energy's ability to finance its continued exploration, drilling operations and working capital needs, and the general risks associated with oil and gas exploration and development, including those risks and factors described from time to time in Lilis Energy's reports filed with the SEC.

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SOURCE Lilis Energy Inc.