LIVINGSTON, NJ / ACCESSWIRE / August 13, 2020 / Milestone Scientific Inc. (NYSE American:MLSS), a leading developer of computerized drug delivery instruments that provide painless and precise injections, today announced that it will host a conference call at 8:30 AM Eastern Time on Monday, August 17, 2020 to discuss the Company's financial results for the second quarter ended June 30, 2020, as well as the Company's corporate progress and other developments.

The conference call will be available on the Company's website at www.milestonescientific.com, or via telephone by dialing toll free 877-407-0778 for U.S. callers, or +1 201-689-8565 for international callers. A webcast will also be archived on the Company's website and a telephone replay of the call will be available approximately one hour following the call, through Monday, August 31, 2020, and can be accessed by dialing 877-481-4010 for U.S. callers, or +1 919-882-2331 for international callers and entering the pass code 36611.

About Milestone Scientific Inc.

Milestone Scientific Inc. (MLSS) is a biomedical technology research and development company that patents, designs, develops and commercializes innovative diagnostic and therapeutic injection technologies and instruments for medical, dental, cosmetic and veterinary applications. Milestone's computer-controlled systems are designed to make injections precise, efficient, and virtually painless. Milestone's proprietary DPS Dynamic Pressure Sensing technology® is our technology platform that advances the development of next-generation devices, regulating flow rate and monitoring pressure from the tip of the needle, through platform extensions for local anesthesia for subcutaneous drug delivery, with specific applications for cosmetic botulinum toxin injections, epidural space identification in regional anesthesia procedures and intra-articular joint injections. For more information please visit our website: www.milestonescientific.com.

Contact:

David Waldman or Natalya Rudman
Crescendo Communications, LLC
Email: mlss@crescendo-ir.com
Tel: 212-671-1020

SOURCE: Milestone Scientific, Inc.

ReleaseID: 601466

Property is structurally complex with three events of folding (F1, F2 and F3) and three periods of deformation (D1, D2 and D3)

VICTORIA, BC / ACCESSWIRE / August 13, 2020 / GoldON Resources Ltd. (TSX-V:GLD) ("GoldON" or the "Company") is pleased to provide an overview of the geological data compilation and reinterpretation study completed on its 100% owned Slate Falls gold-silver property (the "Property") by Orix Geoscience. The 5,656-hectare Property is located in the Patricia Mining Division of northwestern Ontario and lies within the southwestern extension of the Meen-Dempster Greenstone Belt between the Red Lake and Pickle Lake gold camps (see Figure 1).

Figure 1 – The Uchi Subprovince is host to several multi-million-ounce gold deposits (click on image to enlarge)

The Property has seen sporadic exploration starting in the 1920s after the gold discoveries at Red Lake and Pickle Lake. To date, GoldON has focused its exploration efforts on a few of the Property's historical high-grade gold and silver showings. Highlights of the latest work include mapping and sampling that returned up to 331.76 grams per tonne (g/t) Au and 3,025 g/t Ag from grab sampling of the shear-hosted polymetallic quartz veins at the Trail and Sanderson Zones (see news release of June 25, 2019). This was followed by an eight-hole diamond drilling program to further investigate the Au-Ag mineralization at the Trail and Sanderson Zones where the best result was a narrow interval of 78.5 g/t Au and 73.7 g/t Ag over 0.24 metres at Sanderson East (see news release of February 25, 2020).

Subsequent to the drilling program, it was decided to take a broader more detailed look at the entire Property to gain a better understanding of the intricate structure, folding, shearing and faulting that has been mapped. Prospectair Geosurveys was hired to complete a new high-resolution heliborne magnetic survey, and Orix Geoscience has now completed a structural study incorporating the 2020 MAG survey data with all known lithological and mineralogical information and structural measurements. The result of the Orix study is a far better understanding of the geological and structural framework of the Property that is acutely demonstrated in the comparison of maps from the Dinel & Pettigrew study of 2008 and the Orix study (see Figure 2).

Figure 2 – Comparison of Slate Falls property geology interpretation in 2008 (left) versus 2020 (right)

Results of the data compilation and reinterpretation study are as follows:

A vastly improved geological map that has turned a ‘sea of green' into a concise stratigraphic and folded layering of various volcanic, ultra-mafic and felsic intrusive lithologies.
Extension of the greenstone belt into previously interpreted bounding felsic intrusive plutons.
Three deformational events (D1, D2 and D3).
Late syn- to post D3 structures.
Increased knowledge in the relationship between structure and known mineralization.

Many important mineralized zones are in/or proximal to either major early D2 generally dextral east-west shear zones or splays. Similarly, the intersection of late D3 north northeast striking structures with early D2 east-west structures appears to control the mineralized zones structurally by creating or enhancing dilatational sites. Areas along the strike of the major shear zones as well as fault intersections are key potential target areas for future exploration.

The results of the Orix study are being incorporated into an independent Technical Report that is being prepared in accordance with National Instrument 43-101 – Standards of Disclosure for Mineral Projects ("NI 43-101").

"Integrating the structural complexities with the known occurrences is key to understanding the mineralizing controls at Slate Falls and vital to our discovery success," said Mike Romanik President of GoldON. "This new interpretation will enhance our exploration strategies and aid greatly in vectoring our efforts to those areas of highest merit."

Mike Kilbourne, P. Geo, an independent qualified person as defined in National Instrument 43-101, has reviewed and approved the technical contents of this news release on behalf of the Company.

About GoldON Resources Ltd.

GoldON is an exploration company focused on discovery-stage properties located in the prolific gold mining belts of northwestern Ontario, Canada. Our current project portfolio includes four properties in the Red Lake Mining Division (West Madsen, Pipestone Bay, McDonough and Bruce Lake) and a fifth property in the Patricia Mining Division (Slate Falls). If you are an investor looking for exposure to the rising gold price, then GoldON is an explorer worthy of a closer look: tight share structure with a $10 million market cap, discovery-stage projects all in good standing, experienced management and advisors, and no debt with capital devoted to exploration not excessive salaries.

For additional information: please visit our website at https://goldonresources.com, you can download our latest presentation by clicking here and you can follow us on Twitter at https://twitter.com/GoldONResources.

ON BEHALF OF THE BOARD

Signed "Michael Romanik"
Michael Romanik, President
Direct line: (204) 724-0613
Email: romanikm@mymts.net

###

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

SOURCE: GoldON Resources Ltd.

ReleaseID: 601409

NEW YORK, NY / ACCESSWIRE / August 13, 2020 / Real estate investor, market enthusiast, and top-producing mortgage banker, Neel Dhingra, has a passion for digital marketing. Revolutionizing the real estate and mortgage marketing game, Neel and his team are leading the digitalization of the industry. In an industry that is old school in most aspects, Neel is one of the few who is executing an effective marketing strategy.

Having been in the business of real estate and mortgage for nearly 20 years, Neel personally witnessed and was affected by the decline in revenue. He saw that individual agents and loan officers were slowly being commoditized. Neel and his team's business efforts were becoming less and less effective. It was then that Neel decided to do things differently.

"I saw the big brands growing bigger and bigger and continuing to take market share from individual salespeople on the ground. I saw that many consumers would prefer the local expert over the big brands, but not enough of them know about us. So I wanted to build my own personal brand to level the playing field and prove that anyone with proven skills and expertise can become as powerful as the big brands within their local market or region," he shares.

By making use of the online platform, he provided a unique value and a better, more comfortable experience for his clients and business partners. By branching online, Neel has opened his agency to more clients, scaling his communication on multiple platforms. Over time, his marketing style exploded and greatly affected his business and income. Eager to share his knowledge, Neel found himself helping other individuals learn how to market themselves better.

While most prefer to keep their ideas all to themselves, Neel shares his techniques and advice for all to learn. His success in the digitalization of his business has awakened a passion in him for helping others do the same thing he is and achieve the level of success he has. "This is moving the industry forward and helping individuals innovate at the grassroots level," Neel says.

The change in the consumer market is demanding an upgrade from real estate agents to stop using outdated advice and adopt the online market. By learning how to provide value and opening communication lines, Neel is dedicated to helping individuals attract business, allowing potential clients to approach them without agents having to reach out to them personally.

Currently based in Nevada, Neel's transition to content marketing on multiple platforms has had him recognized as a 2019 Video Influencer by BombBomb and Tom Ferry. He keeps his reach and clients updated by consistently producing content on Instagram, LinkedIn, Facebook, and YouTube. To share his tips and hacks in the industry and how he succeeded in digitizing his businesses, Neel also produces a podcast named The NeelHome Podcast, which is available on Youtube and all major podcast platforms.

Neel's adoption of the online market has been a game-changer for both the real estate and the mortgage marketing industries. He is currently planning on growing his team to help even more families and business partners. Neel is working on ramping up the content creation and distribution to make his content available on more platforms and widen his reach. To accommodate the developing customer demands, Neel is up for the challenge and ready to continue to evolve and innovate his businesses.

Connect with Neel via his official website.
Company: AWM, Inc.
Email: neel@allwestern.com
Phone number: 775-747-8199
Website: NeelHome.com

SOURCE: AWM, Inc.

ReleaseID: 601563

COEUR D'ALENE, ID / ACCESSWIRE / August 13, 2020 / Timberline Resources Corporation (OTCQB:TLRS)(TSXV:TBR) ("Timberline" or the "Company") has arranged a non-brokered private placement offering of up to US$3,700,000 of Units of the Company at a price of US$0.11 per Unit solely to persons or institutions who qualify as accredited investors (the "Offering") under Rule 506(b) of Regulation D promulgated by the SEC under the Securities Act of 1933, as amended (the "Securities Act"). The Offering is subject to approval by the TSX Venture Exchange.

Each Unit consists of one share of common stock of the Company and one common share purchase warrant (each a "Warrant"), with each Warrant exercisable to acquire an additional share of common stock of the Company at a price of US$0.20 per share until the warrant expiration date of August 15, 2023.

Crescat Capital has agreed to subscribe to US$1,800,000 of the offering. Crescat is a global macro asset management firm headquartered in Denver, CO. The firm recently launched a friendly activist precious metals mining fund. "We are excited about the exploration and development potential of Timberline's impressive collection of Nevada properties", said Crescat's founder and CIO, Kevin Smith.

Finders' fees may be payable with respect to subscriptions accepted by the Company, and consulting fees may be payable by the Company in relation to the Offering. Certain insiders may participate in the Offering.

The Company plans to use the net proceeds of the Offering for exploration on its Nevada gold projects, primarily drilling Lookout Mountain on the prolific Battle Mountain-Eureka Trend, and for general corporate purposes.

The securities offered in the Offering have not been registered under the Securities Act or the securities laws of any state of the United States and may not be offered or sold absent such registration or an applicable exemption from such registration requirements. This press release does not constitute an offer to sell or a solicitation of an offer to buy securities nor shall there be any sale of the securities referenced herein in any state or other jurisdiction in which such offer, solicitation or sale is not permitted. The securities referenced herein have not been approved or disapproved by any regulatory authority.

About Timberline Resources:

Timberline Resources Corporation is focused on advancing district-scale gold exploration and development projects in Nevada. These include the Lookout Mountain and the Windfall projects, both in the Eureka district. The Company is also operator of the Paiute joint venture project with Nevada Gold Mines in the Battle Mountain district. These properties all lie on the prolific Battle Mountain-Eureka gold trend. Timberline also controls the Seven Troughs property in Northern Nevada, which is one of the state's highest-grade former gold producers. Timberline controls over 43 square miles (27,500 acres) of mineral rights in Nevada. Detailed maps and NI 43-101 estimated resource information for the Eureka property and NI 43-101 technical reports for the Paiute project may be viewed at http://timberlineresources.co/.

Timberline is listed on the OTCQB where it trades under the symbol "TLRS" and on the TSX Venture Exchange where it trades under the symbol "TBR".

Forward-looking Statements: Statements contained herein that are not based upon current or historical fact are forward-looking in nature and constitute 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. Such forward-looking statements reflect the Company's expectations about its future operating results, performance and opportunities that involve substantial risks and uncertainties. These include, but are not limited to, statements regarding the advancement of projects, and exploration potential. When used herein, the words "anticipate," "believe," "estimate," "upcoming," "plan," "target", "intend" and "expect" and similar expressions, as they relate to Timberline Resources Corporation, its subsidiaries, or its management, are intended to identify such forward-looking statements. These forward-looking statements are based on information currently available to the Company and are subject to a number of risks, uncertainties, and other factors that could cause the Company's actual results, performance, prospects, and opportunities to differ materially from those expressed in, or implied by, these forward-looking statements. Factors that could cause or contribute to risks involving forward-looking statements include, but are not limited to, changes in the Company's business and other factors, including risk factors discussed in the Company's Form 10-Q for the quarter ended March 31, 2020. Except as required by law, the Company does not undertake any obligation to release publicly any revisions to any forward-looking statements.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accept responsibility for the adequacy or accuracy of this release.

For Further Information Please Contact:

Steven A. Osterberg
President and CEO
Tel: 208-664-4859
E-mail: info@timberline-resources.com

SOURCE: Timberline Resources Corporation

ReleaseID: 601531

Exro Technologies is pleased to welcome Gary Mar as a new Advisory Board Member

Previous Minister for the Government of Alberta joins Exro Advisory Board
Deep experience in government and business
Expand the reach of Exro's Technology with energy and innovation in a more sustainable future and development with net zero initiatives

CALGARY, AB / ACCESSWIRE / August 13, 2020 / Exro Technologies Inc. (CSE:XRO)(OTCQB:EXROF), a leading technology company which has developed a new class of power electronics for powertrains, is pleased to announce that Gary Mar, an accomplished and respected leader in government and business, has joined the Exro Business Advisory Board ("Advisory Board"). Mar will provide guidance as Exro develops its technology into the marketplace and innovates solutions to support Net Zero Initiatives globally.

Mar has broad experience in government having served as a Member of the Legislative Assembly in the Province of Alberta from 1993-2007. During his time as an elected official, Gary held several Cabinet portfolios: Community Development; Health and Wellness; Education; Environment; and International and Intergovernmental Relations. Gary subsequently served as President and CEO of the Petroleum Services Association of Canada (PSAC), the national trade association representing the service, supply, and manufacturing sectors within the upstream petroleum industry.

Mar was named President and CEO of the Canada West Foundation (CWF) in April 2020 and established expertise in key policy areas including: natural resources; trade and investment; and human capital. Gary brings deep experience in both government and business to Exro, where he will support our efforts to make an impact in the energy sector with Net Zero opportunities and environmental sustainability.

"I am thrilled to join the Business Advisory Board and the team at Exro", said Gary Mar. "I've been a champion of Alberta and its interests globally for many years and I see a great opportunity for Exro Technologies. I believe I can help to push the impact of this technology forward to expand our reach in energy and innovation in a more sustainable future."

"As we continue to grow our position and develop our presence in the market, I'm very excited to have Gary join us with his broad global expertise," commented Sue Ozdemir, CEO of Exro. "I'm confident his insight will help us accelerate the impact of Exro's technology in the global marketplace."

About Exro Technologies Inc.
Exro is a Clean Tech company that has developed a new class of control technology for electric powertrains. Exro's advanced motor control technology, our "Coil Driver", expands the capabilities of electric motors and powertrains. The Coil Driver enables two separate torque profiles within a given motor. The first is calibrated for low speed and high torque, while the second provides expanded operation at high speed. The ability to change configuration allows efficiency optimization for each operating mode, resulting in overall reductions in energy consumption. The controller automatically and seamlessly selects the appropriate configuration in real time so that torque demand and efficiency are optimized.

The limitations of traditional electric machines and power technology are becoming more evident. In many increasingly prominent applications, traditional methods cannot meet the required performance. This means either oversizing the equipment, adding additional motors, or implementing heavy mechanical geared solutions. Exro offers a new solution for system optimization through implementation of its technology which can yield the following results: increased drive cycle efficiency, reduced system volume, reduced weight, expanded torque and speed capabilities. Exro allows the application to achieve more with less energy consumed.

For more information visit our website at www.exro.com.

ON BEHALF OF THE BOARD OF DIRECTORS
Sue Ozdemir, Chief Executive Officer

CONTACT INFORMATION
Canada: Jake Bouma
VP of Investor Relations
604-317-3936

United States: Vic Allgeier
TTC Group Inc.
646-841-4220

Email: info@exro.com

CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING STATEMENTS
This news release contains forward-looking statements and forward-looking information (together, "forward-looking statements") within the meaning of applicable securities laws. All statements, other than statements of historical facts, are forward-looking statements. Generally, forward-looking statements can be identified by the use of terminology such as "plans", "expects", "estimates", "intends", "anticipates", "believes" or variations of such words, or statements that certain actions, events or results "may", "could", "would", "might", "will be taken", "occur" or "be achieved". Forward looking statements involve risks, uncertainties and other factors disclosed under the heading "Risk Factors" and elsewhere in the Company's filings with Canadian securities regulators, that could cause actual results, performance, prospects and opportunities to differ materially from those expressed or implied by such forward-looking statements. Although the Company believes that the assumptions and factors used in preparing these forward-looking statements are reasonable based upon the information currently available to management as of the date hereof, actual results and developments may differ materially from those contemplated by these statements. Readers are therefore cautioned not to place undue reliance on these statements, which only apply as of the date of this news release, and no assurance can be given that such events will occur in the disclosed times frames or at all. Except where required by applicable law, the Company disclaims any intention or obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.

NEITHER THE CANADIAN SECURITIES EXCHANGE NOR ITS REGULATION SERVICES PROVIDER ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS NEWS RELEASE.

SOURCE: Exro Technologies Inc.

ReleaseID: 601511

SEATTLE, WA / ACCESSWIRE / August 13, 2020 / Baristas Coffee Company/Munchie Magic has doubled its locations over the past 30 days bringing the total locations open from 12 to 24.

Munchie Magic had previously opened 12 locations since Washington State issued a statewide stay at home order on March 23rd, 2020. The newest 12 of the rapidly expanding Munchie Magic virtual restaurants that deliver Ben & Jerry's ice cream and other snack foods through its third-party delivery partners Uber Eats, GrubHub, and DoorDash, span from south Seattle to Northern Everett, WA and surrounding areas.

This marks the twenty-fourth new location opened since the order took place. Munchie Magic has been designated as an essential business as it supports the supply of foods and other goods to the consumers who are staying at home.

Barry Henthorn CEO stated: "Munchie Magic has seen a very strong surge in sales and in our ability to attract qualified new locations. The recent growth further validates the business model and the underlying technologies being developed in a real-world environment."

The media buys, integration, technology development other cutting edge marketing for the Munchie Magic virtual restaurants are made possible and are being created via digital media/technology frontrunner ReelTime Media (OTCPK:RLTR) www.reeltime.com The integration consolidates and analyses data from the delivery partners DoorDash, Uber Eats, and GrubHub along with sales, cost information, and pertinent demographics from Munchie Magics' Pick up Partners. ReelTime Media's capabilities are redefining how companies are evaluating and purchasing their TV, radio, print, and other new digital media.

About Ben & Jerry's: Ben & Jerry's is an American company that manufactures ice cream, frozen yogurt, and sorbet. It was founded in 1978 in Burlington, Vermont, and sold in 2000 to British-Dutch conglomerate Unilever. Today it operates globally as a fully owned subsidiary of Unilever. Its present-day headquarters is in South Burlington, Vermont, with its main factory in Waterbury, Vermont.

About Baristas Coffee Company/ Munchie Magic: Baristas is a publicly-traded national Coffee Company that is recognized throughout the US. It is the majority shareholder of Munchie Magic, Inc. which manages the virtual restaurant which delivers Ben & Jerry's ice cream, Baristas Coffee, and other snack foods via third party delivery partners. Baristas currently produces and sells coffee related products under the Baristas brand. The Baristas White Coffee single-serve cups compatible with the Keurig 2.0 brewing system is the bestselling product in its category. Baristas also markets other coffee-related products. Baristas gained mainstream exposure when it became the subject of "Grounded in Seattle" the reality show special feature which aired on WE tv. It has been featured nationally including during Shark Tank on CNBC with Front Montgomery, CNN, ESPN, Food Network, Cosmopolitan Magazine, Forbes Magazine, Modern Living with Kathy Ireland, Sports Illustrated, NFL Monday and Thursday Night Football with Megs McLean, at NASCAR Races, The Grammys, NBA TV, and other notable media.

Contact:

Barry Henthorn
barry@baristas.tv

SOURCE: Baristas Coffee Company Inc.

ReleaseID: 601469

FUZHOU, CHINA / ACCESSWIRE / August 13, 2020 / Zhuding International Limited, Inc., (OTC PINK:ZHUD) is in talks to invest in the Chinese-owned interior design company. These discussions are preliminary and there can be no assurance that a transaction which involves Zhuding International Limited will proceed. We do not intend to provide further updates until there is a definitive outcome to our discussions.

"We're excited about the possibilities ahead as we continue to drive new opportunities and positive outcomes for customers. Investing downstream would be a significant change of direction. If the deal goes through, it would definitely make Zhuding International Limited more competitive in years to come. We will always continue to build innovative ways to serve customers amid changing environments due to COVID-19 pandemic," said Mulin Xiang.

About Zhuding International Limited

Zhuding International Limited operates as a building materials manufacturer. The Company uses its own patented technology to create lightweight composite wall panels suitable for use in commercial and residential construction from recycled materials derived from mining, industrial, agricultural, and domestic waste.

For more information, press only:

Han Jin
Email: cream@fjzhuding.com
Tel: +86 0591 86295373

SOURCE: Zhuding International Limited

ReleaseID: 601542

VANCOUVER, BC / ACCESSWIRE / August 13, 2020 / Black Tusk Resources Inc. (the "Company") (CSE:TUSK)(Frankfurt:0NB)(OTC PINK:BTKRF) is pleased to announce that it has closed a private placement for gross proceeds of $200,005 issuing a total of 3,077,000 Units (as defined below) at a price of $0.065 per Unit.

Each Unit consists of one common share and one share purchase warrant (a "Warrant"). Each Warrant will entitle the holder to purchase one share at a price of $0.08 per share for a five-year term.

The Company paid a commission consisting of $12,000.30 cash and 184,620 Warrants.

The securities issued will be subject to a four month and one day hold from the date of issuance.

The proceeds from the offering will be for general working capital.

On behalf of the Board of Directors

Richard Penn
CEO
(778) 384-8923

Cautionary Statement

Except for statements of historic fact, this news release contains certain "forward-looking information" within the meaning of applicable securities law including statements relating exploration program expenditures. Forward-looking information is frequently characterized by words such as "plan", "expect", "project", "intend", "believe", "anticipate", "estimate" and other similar words, or statements that certain events or conditions "may" or "will" occur. Forward-looking statements are based on the opinions and estimates at the date the statements are made, and are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those anticipated in the forward-looking statements including, but not limited to delays or uncertainties with regulatory approvals, including that of the CSE, inability to effectively plan a program, third party land claims or failure to obtain permits. There are uncertainties inherent in forward-looking information, including factors beyond the Company's control. There are no assurances that the business plans for the Company as described in this news release will come into effect on the terms or time frame described herein. The Company undertakes no obligation to update forward-looking information if circumstances or management's estimates or opinions should change except as required by law. The reader is cautioned not to place undue reliance on forward-looking statements. Additional information identifying risks and uncertainties that could affect financial results is contained in the Company's filings with Canadian securities regulators, which are available at www.sedar.com.

SOURCE: Black Tusk Resources Inc.

ReleaseID: 601526

PLANO, TX / ACCESSWIRE / August 13, 2020 / Torchlight Energy Resources, Inc. (NASDAQ:TRCH) ("Torchlight" or the "Company"), today announced the signing of an option agreement to sell the Hazel Project to a group of private investors. The Company has agreed to sell the acreage at $1,300 an acre after an option period. The investors must drill and complete the Flying B Ranch #4 well in the project to earn the option and then, after a period of evaluation, they have the option to acquire the remaining acreage for the amount stated. Torchlight controls 9,600 net acres in the play and if the option is exercised and the acreage sold, the purchase price would bring in approximately $12.4 million dollars. If the option is exercised, the funds would be transferred no later than March 31, 2021. If the investors do not exercise, their recourse is the revenue associated with the production from the Flying B #4 only, until such time as they recoup their funds, and then the wellbore and production is turned back over to Torchlight. The well will be drilled and completed horizontally in the Wolfcamp A formation with a proposed lateral distance of 7,500 feet.

"We have remained steadfast in our pursuit to sell off our non-core assets and focus on the Orogrande prize," stated John Brda CEO of Torchlight. "This transaction solidifies the value we have in the Hazel project and more importantly, if the option is exercised and the transaction completed, will provide for sufficient capital to pay off our secured debt. The group of investors are sophisticated high net worth investors who see the value in the Hazel project, having the foresight to move the asset forward in a down market."

About Torchlight Energy

Torchlight Energy Resources, Inc. (NASDAQ: TRCH), based in Plano, 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 has assets focused in West and Central Texas where their targets are established plays such as the Permian Basin. For additional information on the Company, please visit www.torchlightenergy.com.

Forward Looking Statement

This news release contains 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 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 the Company's ability to obtain additional capital in the future to fund planned expansion, the demand for oil and natural gas which demand could be materially affected by the economic impacts of COVID-19 and possible increases in supply from Russia and OPEC, general economic factors, competition in the industry and other factors that could 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.

Investor Relations Contact

Derek Gradwell
Investor Relations
Phone: 512-270-6990
Email: ir@torchlightenergy.com

SOURCE: Torchlight Energy Resources, Inc.

ReleaseID: 601524

Portfolio outperforms benchmark by 5.31% in April through July, 2020 (strongest bull run for gold in decades) while boasting a Sharpe Ratio of 4.91

ATLANTA, GA / ACCESSWIRE / August 13, 2020 / Lucena Research, a leading provider of investment decision support technology, announced today that it has partnered with Pynk (Pynk.io), a leading crowd intelligence investment platform, to integrate unique crowd intelligence AI into Lucena's model portfolio offerings. The integration combines Pynk's "super-predictor" intelligence with Lucena's advanced predictive analytics platform, QuantDesk(r) for high-confidence forecasting in Gold Futures. Additional assets such as Bitcoin, Nasdaq Index Futures, EUR/USD and FTSE-100 will be available in the near future.

Model portfolio targets one-week price target of XAU/USD, one troy ounce of gold, spot price expressed in US Dollars.

Sophisticated hedge funds looking to conduct their own research, can purchase historical data directly from Pynk. The model portfolio can be accessed and licensed by hedge funds and portfolio managers from the Lucena Marketplace. Model portfolio is designed to support two main goals:

Empirically validate the predictive power of Pynk's data.
Provide portfolio construction and investment ideas for investors seeking alpha through predictive data and advanced analytics.

The portfolios can be traded algorithmically or provided as data feeds for quantamental investors looking for tighter control of their integration with their EMS/OMS trading platforms.

"Our Data Refinery platform was able to leverage advanced machine learning and data science geared to validate the predictive nature of the Pynk's data. By incorporating unsupervised machine learning technique, called clustering, we were able to identify the behavioral characteristics of a "super- predictor'', a Pynk subscriber who consistently delivers highly accurate predictions. We then derive models that transform the data into impressive returns. "We believe Pynk's data is an ideal upgrade for any portfolio with exposure to Gold'' said Erez Katz, CEO of Lucena.

"We're excited to be working with Lucena to unlock the inherent value in our unique dataset. We collect data every 24 hours from super-predictors across the globe and Lucena's machine learning techniques help find the Wisdom in the Crowd" said Mark Little, CMO at Pynk.

Lucena is in the process of developing additional products in partnership with Pynk. For more information, please feel free to reach out to us at: info@lucenaresearch.com. To learn more about Pynk's data and platform, please reach out to Pynk at: [Pynk's email address…]

ABOUT PYNK

Pynk is a wealth management platform that uses AI to find the Wisdom in the Crowd ™, making better investment decisions for all. Everyday investors who make regular price predictions enjoy access to a 0% fee managed portfolio powered by our Crowd Wisdom System. Pynk for Business manages money on behalf of Financial Institutions, as well as provides bespoke Crowd Wisdom solutions.

Our Headquarters are in London, UK – the fintech centre of Europe. Please visit altdata.pynk.io/lucena for more information email Business Development: mm@pynk.io.

ABOUT LUCENA RESEARCH

Lucena Research is a leading provider of decision support technology for investment professionals including hedge funds, family offices and wealth advisors. Lucena delivers quantitative analysis and statistical machine learning solutions that enable our customers to exploit market opportunities and reduce risk in their portfolios. Our services include:

Refinery enables data providers to validate and transform their data into tradable intelligence
Marketplace provides access to AI-optimized model portfolios and hedge fund grade signals
QuantDesk™ is a strategy development platform for analysts to leverage leading-edge AI and machine learning to create and optimize portfolio performance.

Headquartered in Atlanta GA, Lucena supports a wide range of investment professionals worldwide. To learn more about Lucena, please visit http://www.lucenaresearch.com or email us at: info@lucenaresearch.com

SOURCE: Lucena Research, Inc.

ReleaseID: 601364