 PLANO, TX ACCESSWIRE January 14, 2021 Torchlight Energy Resources, Inc. NASDAQ:TRCH, an oil and gas exploration company Torchlight, announced today that the holder of 1,120,000 of Torchlights subordinated debt has converted such debt into the common stock of Torchlight at a price of 1.10 per share as set out under the convertible note issued by Torchlight to the holder. After this conversion, the only remaining promissory note debt on Torchlights balance sheet is the secured debt owed to the David A. 