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HighPoint Out of NYSE Compliance

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   |    Wednesday,November 11,2020

HighPoint Resources Corp. received notice from the NYSE that it is no longer in compliance with the NYSE continued listing standards due to the company's average global market capitalization over a consecutive 30 trading-day period being less than $50 million,

Additionally, at the same time, its stockholders' equity was less than $50 million.

As of November 4, 2020, the 30 trading-day average global market capitalization of the Company was approximately $41.5 million and the Company's last reported stockholders' equity as of September 30, 2020 was a deficit of $12.6 million.

In accordance with NYSE procedures, the Company intends to submit a plan aimed at regaining compliance.

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