On April 16, 2024, Clayton E. Woodrum notified the Board of Directors of Ring Energy, Inc. of his intention to retire from the Board effective at the 2024 Annual Meeting of Stockholders of the Company (the ?Annual Meeting?) and to not stand for reelection to the Board. Mr. Woodrum will continue to serve as a director until the Annual Meeting. Mr. Woodrum?s decision not to stand for reelection was not the result of any dispute or disagreement with the Company on any matter relating to its operations, policies, or practices.

Also, on April 16, 2024, Roy Ben-Dor notified the Board of his intention to retire from the Board effective at the Annual Meeting and to not stand for reelection to the Board. Mr. Ben-Dor will continue to serve as a director until the Annual Meeting. Mr. Ben-Dor?s decision not to stand for reelection was not the result of any dispute or disagreement with the Company on any matter relating to its operations, policies, or practices.