SilverBow Resources Sends Letter to Shareholders Highlighting Path Forward for Value Creation

SilverBow Resources, Inc. (NYSE: SBOW) (“SilverBow” or the “Company”) today mailed a letter to shareholders in connection with the Company’s 2024 Annual Meeting of Shareholders (the “2024 Annual Meeting”).

The full letter will be filed with the U.S. Securities and Exchange Commission and can be found at https://www.futureofsilverbow.com. The letter summarizes SilverBow’s observations on data recently disclosed by Kimmeridge Energy Management Company, LLC (“Kimmeridge”) about Kimmeridge Texas Gas (“KTG”), finding Kimmeridge’s own data demonstrates that:

• Kimmeridge significantly overvalues KTG;
• Kimmeridge’s proposal would have been massively dilutive to SilverBow shareholders;
• The KTG assets are of much lower quality than SilverBow’s, and the information KTG released shows it is pursuing a value-destructive, natural gas focused growth plan;
• Kimmeridge is continuing its proxy fight so that its compromised, conflicted nominees can force a combination that would destroy SilverBow shareholder value; and
• SilverBow’s highly qualified, independent director nominees will ensure that value is maximized for ALL SilverBow shareholders.

Your Vote Is Important!

Please vote on the WHITE proxy card “FOR” the Company’s three nominees, “WITHHOLD” on Kimmeridge’s nominees, and “FOR” ALL other Company proposals using one of the following options:   Follow the instructions set forth on the enclosed WHITE proxy card to vote via the internet, Follow the instructions set forth on the enclosed WHITE proxy card to vote by telephone, or Mark, sign and date the enclosed WHITE proxy card and return it in the enclosed postage-paid envelope. Remember, please discard and do not sign any gold Kimmeridge proxy card. If you have already voted using a gold proxy card, you may cancel that vote simply by voting again using the Company’s WHITE proxy card. Only your latest-dated vote will count!   If you have any questions about how to vote your shares, please call the firm assisting us with the solicitation of proxies:   INNISFREE M&A INCORPORATED Shareholders may call: 1 [phone] (toll-free from the U.S. and Canada) or [phone] (from other countries)