Lilis Energy, Inc. (the “Company”) held its Annual Meeting on May 20, 2019, in Houston, Texas (the “Annual Meeting”), for the following purposes: (1) to elect nine directors to the Board of Directors of the Company, each to serve until the 2020 annual meeting, (2) to approve, on an advisory basis, the compensation of the Company’s named executive officers, (3) to ratify the selection of BDO USA, LLP as the Company’s independent registered public accountants for the fiscal year ending December 31, 2019, and (4) to approve the issuance of shares of the Company’s common stock issuable upon conversion of all shares of the Company’s Series E Preferred Stock to the Transaction Agreement, dated as of March 5, 2019, between the Company and The Värde Fund VI-A, L.P., Värde Investment Partners, L.P., The Värde Fund XI (Master), L.P., Värde Investment Partners (Offshore) Master, L.P., The Värde Skyway Fund, L.P., The Värde Skyway Mini-Master Fund, L.P. and The Värde Fund XII (Master), L.P (the “Värde Parties). Each of these proposals is more fully described in the Company’s proxy statement filed with the Securities and Exchange Commission on April 10, 2019.

The results of the matters voted upon at the Annual Meeting are as follows:

Proposal 1 – Election of Directors:>

Each of the nine nominees for director was duly elected by the stockholders, with votes as follows:

Proposal 2 – Approval, on a Non-binding Advisory Basis, of the Compensation of the Company’s Named Executive Officers:

The compensation of the Company’s named executive officers was approved, on a non-binding advisory basis, by the stockholders, with votes as follows:

Proposal 3 – Ratification of Appointment of the Company’s Independent Registered Public Accounting Firm:

The selection of BDO USA, LLP as the Company’s independent registered public accounting firm, for the year ending December 31, 2019, was ratified by the Company’s stockholders, with votes as follows:

Proposal 4 – Approval of the issuance of shares of the Company’s common stock issuable upon conversion of all shares of the Company’s Series E Preferred Stock to the Transaction Agreement, dated as of March 5, 2019, between the Company and the Värde Parties:

The issuance of shares of the Company’s common stock issuable upon conversion of all shares of the Company’s Series E Preferred Stock to the Transaction Agreement dated as of March 5, 2019, between the Company and the Värde Parties, was approved by the Company’s stockholders, with votes as follows:

About LILIS ENERGY, INC. (OTCMKTS:LLEX)

Lilis Energy, Inc. is an upstream independent oil and gas company. The Company is engaged in the acquisition, drilling and production of oil and natural gas properties and prospects. The Company drills for, operates and produces oil and natural gas wells through its land holdings located in Wyoming, Colorado, and Nebraska. Its total net acreage in the Denver-Julesburg (DJ) Basin is approximately 7,200 acres. The Company’s primary targets within the DJ Basin are the conventional Dakota and Muddy J formations. In addition to its DJ Basin holdings, it focuses on the Permian’s Delaware Basin in Winkler and Loving Counties, Texas and Lea County, New Mexico. The Company’s net acreage in the Delaware Basin is approximately 4,433 net acres. The vertical well produces approximately 690 net million cubic feet (mcf) per day. The well holds the lease to all depths, from surface down to approximately 22,000 feet, including the Wolfcamp, Bone Springs, and Avalon formations.