• WhiteHawk has entered into an agreement with a top-tier institutional investor which is providing a $100 million acquisition finance facility
• WhiteHawk has drawn an initial $20 million under the Acquisition Facility to fund an additional closing of Haynesville Shale mineral and royalty assets covering its existing 375,000 gross unit acres
• The Acquisition Facility can be utilized to fund additional acquisitions of mineral and royalty positions as the Company continues to grow
• WhiteHawk owns mineral and royalty interests in the core of the Marcellus Shale and Haynesville Shale across over 850,000 gross unit acres and over 2,500 producing horizontal shale wells

WhiteHawk Energy, LLC (“WhiteHawk” or the “Company”) announced today entrance into a $100.0 million acquisition finance facility (the "Acquisition Facility") with a top tier institution (“Institution”). The Company utilized an initial $20.0 million draw on the Acquisition Facility to fund an additional closing of Haynesville Shale natural gas mineral and royalty assets from Mesa Minerals Partners II, LLC located in northwestern Louisiana and eastern Texas (“Haynesville Royalties”). The Acquisition Facility will mature on December 31, 2025 and contains certain co-investment rights for the Institution. The Company expects to utilize additional borrowings from the Acquisition Facility to fund future acquisitions of mineral and royalty assets upon the agreement of the Institution, and the Company may make repayments on the Acquisition Facility at any time.

“This is an exciting day for WhiteHawk, as we take our next big step towards being the leading natural gas mineral and royalty company in the United States. Our partnership with one of the top institutional investors in the U.S. will help to accelerate WhiteHawk’s consolidation of the highest quality natural gas mineral and royalty positions,” says Daniel C. Herz, Chief Executive Officer of WhiteHawk. “This Institution is a global leader in investing, innovative energy and commodity risk management solutions. There is a significant opportunity to continue to acquire natural gas mineral and royalty assets delivering consistent and growing cash flow in core basins developed by top-tier operators. WhiteHawk, in partnership with this Institution, is well positioned to continue to be a leader in the consolidation of these assets as natural gas continues to grow in demand and lead America’s energy transition.”

WhiteHawk currently manages approximately 850,000 gross unit acres within core operating areas of the Marcellus Shale and Haynesville Shale, with interests in more than 2,500 producing horizontal wells. The Company’s Haynesville Royalties cover approximately 375,000 gross unit acres in the Haynesville Shale. The Haynesville Royalties are being actively developed by Southwestern Energy, Chesapeake Energy, Aethon Energy Management and Comstock Resources. The Company’s Marcellus Shale assets cover 475,000 gross unit acres focused in Greene and Washington Counties, Pennsylvania, predominately operated by EQT, Range Resources, and CNX Resources. The diversified position benefits from sales points in both the Northeast and Gulf Coast regions with combined operator market capitalization of approximately $40 billion.

About WhiteHawk Energy

WhiteHawk Energy, LLC is focused on acquiring mineral and royalty interests in top tier natural gas resource plays, including the Haynesville and Marcellus Shales. The management team at WhiteHawk has successfully grown over $13 billion of minerals, midstream, and exploration and development companies over the last 20 years. Please go to www.whitehawkenergy.com for more information.

Advisors

Weil, Gotshal & Manges LLP acted as legal counsel to WhiteHawk.

For more information, please visit the Company’s website at www.whitehawkenergy.com, or contact its corporate relations department at jslotterback@whitehawkenergy.com.

Cautionary Note Regarding Forward-Looking Statements

Certain matters discussed within this press release are forward-looking statements. Although the Company believes the expectations reflected in such forward-looking statements are based on reasonable assumptions, it can give no assurance that its expectations will be attained. The Company does not undertake any duty to update any statements contained herein (including any forward-looking statements), except as required by law. This document contains forward-looking statements that involve a number of assumptions, risks and uncertainties that could cause actual results to differ materially from those contained in the forward-looking statements. The Company cautions readers that any forward-looking information is not a guarantee of future performance. Such forward-looking statements include, but are not limited to, statements about future financial and operating results, resource potential, and the Company’s plans, objectives, expectations, intentions and other statements that are not historical facts. Risks, assumptions and uncertainties that could cause actual results to materially differ from the forward-looking statements include, but are not limited to, those associated with general economic and business conditions; changes in government environmental policies and other environmental risks; the availability of drilling equipment and the timing of production; tax consequences of potential balance sheet and other transactions; and global health conditions, including the impact of COVID-19. Forward-looking statements speak only as of the date hereof, and the Company assumes no obligation to update such statements, except as may be required by applicable law.

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