On December 21, 2023, Riley Exploration Permian, Inc. announced that Kevin Riley, the Company?s President, will be resigning effective December 31, 2023. At the same time, Kevin Riley will resign from all positions he holds with the Company?s subsidiaries and joint ventures. Bobby D. Riley, the Company?s Chief Executive Officer and Chairman of its Board of Directors, will assume the role of President of the Company, effective as of the Resignation Date.

For further information regarding Bobby D. Riley. There will be no change in compensation for Bobby D. Riley in connection with his assumption of these responsibilities.