 PLANO, TX ACCESSWIRE December 23, 2020 Torchlight Energy Resources, Inc. NASDAQ:TRCH, an oil and gas exploration company Torchlight, announced today that the holders of 1,100,953 of Torchlights subordinated debt have agreed to convert such debt into the common stock of Torchlight, with 500,000 of the subordinated debt converting at 0.43 per share, and 600,953 of the subordinated debt converting at a renegotiated conversion price of 0.50 per share, as compared to the original conversion price of 0.75. The conversion of this portion of Torchlights debt is a positive step for the Company, stated John Brda, Chief Executive Officer of Torchlight. 