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PetroShare Adds Axia Energy COO to Board

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PetroShare Corp. announced that its Board of Directors appointed Douglas R. Harris as an independent director on July 5, 2016.

Mr. Harris has over 38 years of experience in the oil and gas industry. He currently serves as Chief Operating Officer and Founder of Axia Energy II, LLC, which he co-founded in 2015. Axia II was formed to identify and develop oil and gas properties throughout the United States. Prior to Axia II, Mr. Harris served as co-Founder and Chief Operating Officer of Axia Energy, LLC from 2009 to 2015 and the Vice President of Operations for Orion Energy Partners, Inc. from 2004 to 2009. All of the foregoing companies were privately-held. Mr. Harris was the Vice President and General Manager of the Denver Division of Tom Brown, Inc. from 2001 to 2004. From 1986 until 2001, Mr. Harris served in numerous positions for Burlington Resources Inc., culminating as the Vice President of Production Operations in its Calgary, Alberta offices. Mr. Harris is currently an active investor and board member of Select Oil Tools, Ptarmigan Services, LLC, Oxygenator Water Technologies and Melior Innovations, Inc.

Bill Conrad, PetroShare's Chairman, said: "We are very pleased to bring Doug onto the Board of PetroShare. We look forward to benefiting from his significant knowledge and experience in the oil and gas industry as we continue our focus on growing our assets and building shareholder value. The Company has entered a crucial period of progress and Doug brings terrific experience to the team for this phase of our development."

Harris added: "PetroShare's outstanding board and management team coupled with recent acquisition milestones have positioned the Company for maturation and marked near term growth. I welcome the opportunity to provide insight that contributes to PetroShare's future growth."