On January 24, 2012, 2011, the board of directors of Torchlight Energy Resources, Inc. increased the number of members of the Board of Directors from four to five, thereby creating one vacancy in the Board of Directors. Contemporaneously, the board appointed John A. Brda as a new member to the Board of Directors, to fill the newly created vacancy. Also on January 24, 2011, Thomas Lapinski relinquished his position as its President, but he will continue to serve as Chief Executive Officer and Director. Contemporaneously, the Board of Directors appointed Mr. Brda as its President and Secretary. Mr. Brda has been the Managing Member of Brda & Company, LLC since 2002.