HPR HighPoint Resources Corporation

On March 12, 2021, HighPoint Resources Corporation (“HighPoint” or the “Company”) held a virtual special meeting of the Company’s stockholders (the “HighPoint Special Meeting”). At the HighPoint Special Meeting, the Company’s stockholders voted on and approved proposals (i) to approve and adopt the Agreement and Plan of Merger, dated as of November 9, 2020, among Bonanza Creek Energy, Inc. (“Bonanza Creek”), Boron Merger Sub, Inc.(“Merger Sub”) and the Company, as amended by Amendment No. 1 to the Agreement and Plan of Merger, dated as of January 29, 2021 (as amended, the “Merger Agreement” and such proposal, the “HighPoint out-of-court proposal”), which provides for Bonanza Creek’s acquisition of HighPoint through the merger of Merger Sub with and into HighPoint (the “Merger”), with HighPoint continuing its existence as the surviving company and a wholly owned subsidiary of Bonanza Creek following the Merger; and (ii) to approve, on a non-binding advisory basis, the compensation that may be paid or become payable to the Company’s named executive officers that is based on or otherwise relates to the Merger (the “HighPoint compensation proposal”). In addition, Highpoint stockholders were asked to vote to accept a prepackaged plan to enable the Company to consummate the merger with Bonanza Creek through the filing of chapter 11 cases (the “Prepackaged Plan”) and confirmation of the Prepackaged Plan if the HighPoint out-of-court proposal was not approved or the minimum participation condition of the previously announced Exchange Offer (as defined below) was not satisfied (the “HighPoint bankruptcy proposal” and, together with the Highpoint out-of-court proposal and the HighPoint compensation proposal, the “Proposals”). Prior to the HighPoint Special Meeting, the Company delivered a definitive joint proxy statement/prospectus (the “Joint Proxy Statement/Prospectus”) to its stockholders describing the HighPoint Special Meeting, the Proposals, the Prepackaged Plan, the Merger and the related transactions contemplated by the Merger Agreement and related information. The Joint Proxy Statement/Prospectus was filed with the U.S. Securities and Exchange Commission (the “SEC”) on February 10, 2021.

At the HighPoint Special Meeting, (i) the HighPoint out-of-court proposal was approved by the affirmative vote of the holders of a majority of the outstanding shares of the Company common stock entitled to vote on the proposal, (ii) the HighPoint compensation proposal was approved, on a non-binding advisory basis, by the affirmative vote of a majority of votes cast at the special meeting and (iii) the HighPoint bankruptcy proposal was approved by the affirmative vote of two-thirds of the amount of shares of HighPoint common stock that were voted.

As disclosed in the Joint Proxy Statement/Prospectus, as of the close of business on February 1, 2021, the record date for the HighPoint Special Meeting, there were 4,305,075 shares of the Company common stock outstanding and entitled to vote. 2,358,741 shares of Company common stock were represented in person or by proxy at the HighPoint Special Meeting, which constituted a quorum to conduct business at the meeting. The following are the final voting results on the Proposals, which are more fully described in the Joint Proxy Statement/Prospectus.

The number of shares voted for or against, as well as abstentions and broker non-votes, if applicable, with respect to the HighPoint out-of-court proposal presented at the HighPoint Special Meeting was:

The number of shares voted for or against, as well as abstentions and broker non-votes, if applicable, with respect to the HighPoint compensation proposal presented at the HighPoint Special Meeting was:

The number of shares voted to accept or reject the HighPoint bankruptcy proposal was:

URGED TO CAREFULLY AND THOROUGHLY READ THE EXCHANGE PROSPECTUS, JOINT PROXY STATEMENT/PROSPECTUS, AND REGISTRATION STATEMENTS, AS EACH MAY BE AMENDED OR SUPPLEMENTED FROM TIME TO TIME, AND OTHER RELEVANT DOCUMENTS FILED BY HIGHPOINT AND BONANZA CREEK WITH THE SEC, WHEN THEY BECOME AVAILABLE BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION ABOUT HIGHPOINT, BONANZA CREEK, THE TRANSACTION, THE RISKS RELATED THERETO AND RELATED MATTERS.

Investors will be able to obtain free copies of the Registration Statements, Joint Proxy Statement/Prospectus and Exchange Prospectus, as each may be amended from time to time, and other relevant documents filed by HighPoint and Bonanza Creek with the SEC (when they become available) through the website maintained by the SEC at www.sec.gov. Copies of documents filed with the SEC by HighPoint will be available free of charge from HighPoint’s website at www.hpres.com under the “Investors” tab or by contacting HighPoint’s Investor Relations Department at (303) 312-8514 or lbusnardo@hpres.com. Copies of documents filed with the SEC by Bonanza Creek will be available free of charge from Bonanza Creek’s website at www.bonanzacrk.com under the “For Investors” tab or by contacting Bonanza Creek’s Investor Relations Department at (720) 225-6679 or slandreth@bonanzacrk.com.

Forward-Looking Statements and Cautionary Statements

Certain statements in this document concerning the Transaction, including any statements regarding the expected timetable for completing the Transaction, the results, effects, benefits and synergies of the Transaction, future opportunities for the combined company, future financial performance and condition, guidance and any other statements regarding HighPoint’s or Bonanza Creek’s future expectations, beliefs, plans, objectives, financial conditions, assumptions or future events or performance that are not historical facts are “forward-looking” statements based on assumptions currently believed to be valid. Forward-looking statements are all statements other than statements of historical facts. The words “anticipate,” “believe,” “ensure,” “expect,” “if,” “intend,” “estimate,” “probable,” “project,” “forecasts,” “predict,” “outlook,” “aim,” “will,” “could,” “should,” “would,” “potential,” “may,” “might,” “anticipate,” “likely” “plan,” “positioned,” “strategy,” and similar expressions or other words of similar meaning, and the negatives thereof, are intended to identify forward-looking statements. The forward-looking statements are intended to be subject to the safe harbor provided by Section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934 and the Private Securities Litigation Reform Act of 1995.

These forward-looking statements involve significant risks and uncertainties that could cause actual results to differ materially from those anticipated, including, but not limited to, the risk that a condition to closing of the Transaction may not be satisfied, that either party may terminate the Merger Agreement or that the closing of the Transaction might be delayed or not occur at all; potential adverse reactions or changes to business or employee relationships, including those resulting from the announcement or completion of the Transaction; the diversion of management time on Transaction-related issues; the ultimate timing, outcome and results of integrating the operations of HighPoint and Bonanza Creek; the effects of the business combination of HighPoint and Bonanza Creek, including the combined company’s future financial condition, results of operations, strategy and plans; the ability of the combined company to realize anticipated synergies in the timeframe expected or at all; changes in capital markets and the ability of the combined company to finance operations in the manner expected; regulatory approval of the Transaction; the effects of commodity prices; the risks of oil and gas activities; the risks and unpredictability inherent in the bankruptcy process; and the fact that operating costs and business disruption may be greater than expected following the public announcement or consummation of the Transaction. Expectations regarding business outlook, including changes in revenue, pricing, capital expenditures, cash flow generation, strategies for our operations, oil and natural gas market conditions, legal, economic and regulatory conditions, and environmental matters are only forecasts regarding these matters.

Additional factors that could cause results to differ materially can be found in (i) the Company’s Annual Report on Form 10-K for the year ended December 31, 2020, which is on file with the SEC and available from the Company’s website at www.hpres.com under the “Investors” tab and (ii) in other documents the Company files with the SEC.

All forward-looking statements speak only as of the date they are made and are based on information available at that time. Neither HighPoint nor Bonanza Creek assume any obligation to update forward-looking statements to reflect circumstances or events that occur after the date the forward-looking statements were made or to reflect the occurrence of unanticipated events except as required by federal securities laws. As forward-looking statements involve significant risks and uncertainties, caution should be exercised against placing undue reliance on such statements.