PetroShare Corp. Retains MZ Group as Its Investor Relations Advisor

CENTENNIAL, CO--(Marketwired - June 22, 2016) - PetroShare Corp. (OTCQB: PRHR) announced today that it has retained MZ Group as its investor relations advisor.

Derek Gradwell, SVP of Natural Resources for MZ North America, will be the Company's primary investor relations contact going forward. MZ Group will assist PetroShare management to develop a comprehensive capital markets strategy.

"MZ Group assists emerging energy companies like PetroShare to enhance shareholder value by delivering our message to their established high-quality, long-term relationships with investors, analysts and other members of the financial community," said Bill Conrad, Chairman of PetroShare. "Through our existing partnerships, we have outlined a clear path in 2016 to increased production and reserve growth. The Wattenberg Field, where our core leaseholds are located can be economically drilled as low as $35 per barrel oil, an important distinction when unlocking value for PetroShare and its shareholders. MZ will support in expressing the importance of each new development and convey our investment appeal to new audiences."

"PetroShare management set out with an attention towards cost efficiencies and given their access to capital and outstanding drilling economics, this is a great time to tell the PetroShare story to a broader investor audience," said Ted Haberfield, President of MZ Group North America. "We look forward to developing and implementing a comprehensive IR strategy over the coming months."

ABOUT PETROSHARE CORP

PetroShare Corp. is a domestic oil and natural gas exploration and development company that targets capital deployment opportunities in established unconventional resource plays. Its current focus is in the Niobrara/Codell formations and adjacent oil and gas producing zones in the Rocky Mountain region with specific targets in the Wattenberg field within the DJ Basin of northeast Colorado.

ABOUT MZ NORTH AMERICA

MZ North America (www.mzgroup.us) is the US division of MZ Group, the world's largest independent global investor relations and corporate communications firm. MZ provides innovative, customized services to domestic and multinational small cap companies through a unique, fully-integrated "one-stop-shop" business model. By delivering a comprehensive suite of products and services through one point of contact, MZ offers services to all relevant markets geared to helping clients build a sustainable public brand. The firm maintains offices worldwide, including New York, Chicago, San Diego, Aliso Viejo, Austin, Hong Kong, Taipei, Perth and São Paulo.

Caution Concerning Forward-Looking Statements

This press release contains certain forward-looking statements and information, including "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. The forward-looking statements and information expressed, as of the date of this news release, PetroShare's estimates, forecasts, projections, expectations or beliefs as to certain future events and results. These forward-looking statements include, among others, statements regarding the benefits that PetroShare expects from transactions and plans and objectives of management for future operations. Forward-looking statements and information are necessarily based on a number of estimates and assumptions that, while considered reasonable by management, are inherently subject to significant business, technical, economic and competitive uncertainties, risks and contingencies, and there can be no assurance that such statements and information will prove to be accurate. Therefore, actual results and future events could differ materially from those anticipated in such statements and information.

Risks and uncertainties that could cause results or future events to differ materially from current expectations expressed or implied by the forward-looking statements and information include, but are not limited to, risks related to receipt of working capital, the level of success in exploration, development and production activities, possible defects in title to properties, fluctuations in the market price of crude oil and natural gas, industry risks, possible federal and/or state initiatives related to regulation of hydraulic fracturing, risks related to permitting and the projected timeframes to receive the necessary permits, environmental risks and hazards, uncertainty as to calculation of crude oil and natural gas resources and reserves and other risks described in the Company's annual report on Form 10-K for the year ended December 31, 2015 and other filings with the Securities and Exchange Commission. Readers should not place undue reliance on forward-looking statements or information included herein, which speak only as of the date hereof. PetroShare undertakes no obligation to reissue or update forward-looking statements or information as a result of new information or events after the date hereof except as may be required by law. All forward-looking statements and information made in this news release are qualified by this cautionary statement.