Foothills Exploration Inc (FTXP)

[Golden Cross]

$FTXP -- FOOTHILLS EXPLORATION INC. ANNOUCES COMPLIANCE UPDATE

LOS ANGELES, April 06, 2021 (GLOBE NEWSWIRE) -- Foothills Exploration, Inc. (OTC: $FTXP ), including its direct and indirect subsidiaries, ("Foothills," or the "Company"), an oil and gas exploration company, today announced that it has submitted its OTCIQ Order Form to subscribe to the OTC Disclosure & News Service. This marks an important step for the Company towards becoming current on the OTC Pink Sheets and ultimately management’s intended upgrade back to the OTCQB.

The Company is focused on becoming compliant and upgrading to the Pink Sheet Current tier on the OTC markets reporting under the Alternative Reporting Standard Guidelines. This is the first in a series of steps the Company is undertaking towards ultimately upgrading its listing back onto the OTCQB. Once the Company obtains OTC Markets’ anticipated approval, it intends to begin filing its financial statements in sequential order as each is completed and expects to perform all necessary filings to become “current” within the next 60 days.

Once the Company is current with its required filings and disclosures, it expects to aggressively pursue several business opportunities that will enhance its business model in 2021, while continuing to build itself as an oil and gas exploration company focused on the transformation of energy to low-carbon energy sources.

About the Company

Foothills Exploration, Inc. is an oil and gas exploration company focused on natural gas exploration and participating in the global energy transition. The Company’s principal asset located in the Wind River Basin, Wyoming, consists of approximately 16,000 acres of highly prospective development acreage. The Company's initiative is to generate high-impact exploration projects focused on natural gas. For additional information please visit the Company’s website at www.foothillspetro.com.

Investor Contact

Christopher Jarvis
EVP of Finance
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[e-mail]