PEDEVCO Corp. (NYSE: PED), today announced its intention to offer its shares of common stock ("Shares") in a firm commitment underwritten public offering. In connection with the offering, PEDEVCO Corp. expects to grant the underwriter a 45-day option to purchase up to an additional 15% of the Shares to be sold in the offering to cover over-allotments, if any. The Shares are being offered by PEDEVCO Corp. pursuant to an effective shelf registration statement on file with the Securities and Exchange Commission (the "SEC").

Kingswood Capital Markets, division of Benchmark Investments, Inc. is acting as the Sole Book Runner for the Offering.

The offering is subject to market conditions and there can be no assurance as to whether or when the offering may be completed, or as to the actual size or terms of the offering.