Transaction Overview

Riley Exploration Permian, Inc. ("Riley Permian") announced the pricing of its underwritten public offering of 2,100,000 shares of its common stock, which includes 700,000 shares being offered by the Company and 1,400,000 shares being offered by certain of the Company’s stockholders (the “Selling Stockholders”) at a public offering price of $27.00 per share. The gross proceeds from the offering, are expected to be $56,700,000, of which the Riley Permian will receive $18,900,000.

Truist Securities, Inc. and Roth Capital Partners are acting as joint book-running managers for the Offering. Janney and Tuohy Brothers Investment Research, Inc. are acting as co-managers for the Offering.

About Riley Permian

Riley Permian is an independent upstream oil and gas company headquartered in Oklahoma City and focused on the acquisition, development, and production of oil, natural gas, and NGL reserves in the Permian Basin of west Texas.