Molori Drills 48 Net Feet Of Pay In Red Cave 23-1R Well – 1/22/2018

Borger, Texas — (Newsfile Corp. – January 22, 2018) Molori Energy Inc. (TSXV: MOL) (OTCQB: MOLOF) (“Molori” or “the Company”) is pleased to announce that it has drilled to target depth the first of eight planned Red Cave Appraisal wells (‘’The Thompson 23-1R Well’’) upon the Company’s Moore County, Texas acreage upon which Molori now holds a 75% working interest. The 23-1R well was drilled to a total measured depth of approximately 2,500 feet and was immediately logged.