An anonymous director reports

CANACOL ENERGY LTD. PROVIDES A NOTICE OF CHANGE OF AUDITOR

Canacol Energy Ltd. has changed its auditor from KPMG LLP to PricewaterhouseCoopers LLP, effective Aug. 14, 2023.

At the request of the corporation, the former auditor resigned as the auditor of the corporation, effective Aug. 14, 2023, and the board of directors of the corporation appointed the successor auditor as the corporation's auditor, effective Aug. 14, 2023, until the next annual general meeting of the corporation.

There were no reservations or modified opinions in the former auditor's reports on the corporation's financial statements for the period commencing at the beginning of the former auditor's appointment as auditor and ending on the date of resignation of the former auditor. There are no reportable events including disagreements, consultations or unresolved issues as defined in National Instrument 51-102 -- Continuous Disclosure Obligations (NI 51-102) (Part 4.11) between the corporation and the former auditor.

In accordance with NI 51-102, the notice of change of auditor, together with the required letters from the former auditor and the successor auditor, have been reviewed by the board of directors of the corporation and filed on SEDAR.

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, the OTCQX in the United States of America and the Colombia Stock Exchange under ticker symbol CNE, CNNEF and CNEC, respectively.

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