PetroShare Corp. Closes Acquisition of Producing Wattenberg Wells and Associated Leases

CENTENNIAL, CO–(Marketwired) – PetroShare Corp. (OTCQB: PRHR) (“PetroShare” or the “Company”), today announced it has completed the previously announced acquisition of producing vertical wells and associated leases totaling ~4,850 gross and ~2,200 net acres in Adams County, Colorado. $6.0 MM in total consideration prior to adjustments was paid for the acquisition. A significant portion of the acreage is located within the Company’s Todd Creek Farms project area in Township 1 South, Range 67 West. All of the acreage is currently held by production (HBP).