SOURCE: Torchlight Energy Resources, Inc.

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July 03, 2013 08:00 ET

Torchlight Energy Completes Drilling the Johnson #2H Well

HOUSTON, TX--(Marketwired - July 03, 2013) -  Torchlight Energy Resources, Inc. (OTCQB: TRCH) ("Torchlight Energy" or "the Company") today announced that Edde Drilling, the drilling contractor on their Marcelina Creek Project in Wilson County, TX, has completed drilling on the Company's Johnson #2H well. The well was drilled to a measured depth of 10,460 ft. including the successful drilling of the 2400 ft. lateral leg.

"The drilling portion of the Johnson #2H has been successfully completed," stated Tom Lapinski, CEO of Torchlight Energy. "The well logs look extremely promising and we are optimistic that this first of six horizontal wells that we have planned to target the Buda formation will be an excellent well. We anticipate the completion of the Johnson #2H well will take place over the next two weeks."

The Marcelina Creek Project is located in Wilson County, Texas. The play involves the upper cretaceous formations including Austin Chalk, Buda, and Eagle Ford formations. Torchlight currently has two wells producing on the lease, one from the Buda Formation and a second horizontal Austin Chalk well. The lease is completely surrounded on all four sides by Eagle Ford producers from well-known companies such as Hunt Oil and Clayton Williams. Torchlight Energy has a 75% Working Interest in the majority of the 1,080 acre block with 50% WI in a 280 acre section.

About Torchlight Energy

Torchlight Energy Resources, Inc. (OTCQB: TRCH), based in Houston, Texas, is a high growth oil and gas Exploration and Production (E&P) company with a primary focus on acquisition and development of highly profitable domestic oil fields. The company currently holds interests in Texas, Kansas and Oklahoma where their targets are established plays such as the Eagle Ford, Mississippian and Hunton trends. For additional information on the company, please visit

Forward Looking Statement

The information contained in this news release, other than historical information, consists of forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These statements may involve risks and uncertainties that could cause actual results to differ materially from those described in such statements. Such forward-looking statements involve known and unknown risks and uncertainties, including risks associated with Trochlight Energy's ability to obtain additional capital in the future to fund planned expansion, the demand for oil and natural gas, general economic factors, competition in general and other factors that may cause actual results to be materially different from those described herein as anticipated, believed, estimated or expected. The company is under no obligation (and expressly disclaims any such obligation) to update or alter its forward-looking statements whether as a result of new information, future events or otherwise.

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