Lilis Energy, Inc. announced that on January 13, 2016, G. Tyler Runnels notified the Board of Directors of the company of his decision to resign from the Board, effective immediately. Effective January 13, 2016, the Board appointed R. Glenn Dawson as a new independent director to the Board, and to the Audit Committee of the Board which fills the vacancy on that committee. Effective January 13, 2016, the Company's Board appointed Ronald D. Ormand, one of the Company's independent directors, to serve as the Chairman of the Board.

Mr. Ormand replaces Mr. Brandolini as Chairman of the Board.