Amplify Energy Corp.
June 21, 2017

Amplify Energy Approved to Trade on OTCQX®

HOUSTON, June 21, 2017 (GLOBE NEWSWIRE) -- Amplify Energy Corp. ("Amplify Energy" or the "Company") (OTCQX:AMPY) announced today its common stock has been approved for and will begin trading on the OTCQX® Best Market on June 21, 2017.¬† Amplify Energy's common stock will trade under the ticker AMPY.

Bill Scarff, President and Chief Executive Officer of Amplify Energy, stated, "We are very pleased to have the opportunity to trade on OTCQX and see this as an important step to enhancing trading liquidity and investor transparency."

Investors can find current financial disclosures and Real-Time Level 2 quotes for the Company on www.otcmarkets.com.

About Amplify Energy

Amplify Energy Corp. is an independent oil and natural gas company engaged in the acquisition, development, exploration and production of oil and natural gas properties. The Company's operations are focused in East Texas / Louisiana, the Rockies, offshore California and South Texas. For more information, visit www.amplifyenergy.com.

Forward-Looking Statements

This press release includes "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements, other than statements of historical facts, included in this press release that address activities, events or developments that Amplify Energy expects, believes or anticipates will or may occur in the future are forward-looking statements. Terminology such as "will," "would," "should," "could," "expect," "anticipate," "plan," "project," "intend," "estimate," "believe," "target," "continue," "potential," the negative of such terms or other comparable terminology are intended to identify forward-looking statements. Amplify Energy believes that these statements are based on reasonable assumptions, but such assumptions may prove to be inaccurate. Such statements are also subject to a number of risks and uncertainties, most of which are difficult to predict and many of which are beyond the control of Amplify Energy, that may cause Amplify Energy's actual results to differ materially from those implied or expressed by the forward-looking statements. Please read the Company's filings with the Securities and Exchange Commission, including "Risk Factors" in its Annual Report on Form 10-K, and if applicable, its Quarterly Reports on Form 10-Q and Current Reports on Form 8-K, and other public filings and press releases for a discussion of risks and uncertainties that could cause actual results to differ from those in such forward-looking statements. All forward-looking statements speak only as of the date of this press release. All forward-looking statements in this press release are qualified in their entirety by these cautionary statements. Amplify Energy undertakes no obligation and does not intend to update or revise any forward-looking statements, whether as a result of new information, future results or otherwise.

Contacts

Investors:
Amplify Energy
Bobby Stillwell — Chief Financial Officer
(713) 588-8347
bobby.stillwell@amplifyenergy.com

Martyn Willsher — Treasurer
(713) 588-8346
martyn.willsher@amplifyenergy.com