Talos Energy Inc. (NYSE: TALO) (the "Company") announced today that it has priced its underwritten public offering of 8,250,000 shares of common stock of the Company (the "Offering") for expected gross proceeds of $73,425,000 before associated fees and expenses. Additionally, the Company has granted the underwriter an option to purchase up to an additional 1,237,500 shares of common stock. The Company expects to use the net proceeds from the Offering to facilitate its general financing strategy and to repay a portion of its outstanding borrowings under its reserves-based lending facility as well as for general corporate purposes. The Offering is expected to close on December 11, 2020.

BMO Capital Markets Corp. is acting as sole underwriter for the Offering. The shares may be offered by the underwriter from time to time for sale in one or more transactions on the New York Stock Exchange, in the over-the-counter market, through negotiated transactions or otherwise at market prices prevailing at the time of sale, at prices related to prevailing market prices or at negotiated prices.

The Offering is being made under a shelf registration statement filed with the U.S. Securities and Exchange Commission (the "SEC") on June 4, 2019. The Offering will be made only by means of a prospectus supplement and an accompanying base prospectus.