An anonymous director reports

CANACOL ENERGY LTD. TO ANNOUNCE FIRST QUARTER 2023 FINANCIAL RESULTS ON THURSDAY, MAY 11, 2023; HOLD CONFERENCE CALL ON FRIDAY, MAY 12, 2023

Canacol Energy Ltd. will release its first quarter 2023 financial results on Thursday, May 11, 2023, after the market closure. Senior management will hold a conference call to discuss results on Friday, May 12, 2023, at 8 a.m. MDT/10 a.m. EDT.

The conference call may be accessed by dialling in or by webcast.

You may preregister for the conference call on-line.

Toll-free dial-in number:  1-844-784-1724

Participant international dial-in number:  1-412-317-6716

Canada toll-free number:  1-866-450-4696

Colombia toll-free number:  01800-9-156803

United Kingdom toll-free:  0-808-238-9064

All remarks made during the conference call will be current at the time of the call and may not be updated to reflect subsequent material developments.

First quarter 2023 financial results will be available through the investor relations section of the company's website. A replay of the webcast will be available on the company's website until May 19, 2023. The transcript of the webcast will be posted on the website within five days after the call is completed.

About Canacol Energy Ltd.

Canacol is a natural gas exploration and production company with operations focused in Colombia. The corporation's common stock trades on the Toronto Stock Exchange, on the OTCQX in the United States and on the Colombia Stock Exchange under ticker symbol CNE, CNNEF and CNEC, respectively.

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