 Announces Record Date of June 24th PLANO, TX ACCESSWIRE June 14, 2021 Torchlight Energy Resources, Inc. NASDAQ:TRCH, an oil and gas exploration company Torchlight, today announced that it has declared a Special Dividend of Series A Preferred Stock to be issued on a one-for-one basis to Common Stockholders of Record as of the close of market trading on June 24, 2021 subject to adjustment for any reverse split of Torchlights common stock after the record date but before the dividend is paid. This Special Dividend is to be issued in connection with the previously announced business combination transaction with Metamaterial, Inc. Stockholders of record on June 24, 2021, will be entitled to receive the dividend which will consist of one share of Series A Preferred Stock for each one share of common stock owned on that date subject to adjustment for any reverse split of Torchlights common stock after the record date but before the dividend is paid. 