 DENVER, March 26, 2021 GLOBE NEWSWIRE -- Bonanza Creek Energy, Inc. NYSE: BCEI the Company or Bonanza Creek and HighPoint Resources Corporation NYSE: HPR HighPoint today announced that they expect to close the previously announced merger the Merger on April 1, 2021. The closing of the Merger remains subject to the conditions set forth in HighPoints prepackaged plan of reorganization the Prepackaged Plan, the Agreement and Plan of Merger, dated as of November 9, 2020, by and among Bonanza Creek, HighPoint, and Boron Merger Sub, Inc. the Merger Agreement, the Transaction Support Agreement, dated as of November 9, 2020, by and among HighPoint, HighPoint Operating Corporation, Fifth Pocket Production, LLC, certain consenting holders of HighPoint Operating Corporations 7.0 Senior Notes due October 15, 2022 and 8.75 Senior Notes due June 15, 2025 collectively, the HighPoint Senior Notes, and certain consenting HighPoint stockholders, and related transaction documents. 