Mr. Charle Gamba reports

CANACOL ENERGY LTD. ANNOUNCES MEETING RESULTS

At the annual general and special meeting held in Bogota, Colombia, on June 24, 2025, holders of common shares of Canacol Energy Ltd.: (i) elected Charle Gamba, Michael Hibberd, Francisco Diaz, Gustavo Gattass, Valentina Garbarini, Silvestre Tovar Leopardi and David Winter to the board of directors; (ii) appointed PricewaterhouseCoopers LLP as Canacol's auditor; and (iii) approved the unallocated awards under the corporation's omnibus long-term incentive plan.

The detailed results of the vote for the election of directors held at the meeting are set out below.

Further disclosure on the matters approved at the meeting can be found in the management information circular dated May 12, 2025, and the report of voting results for the meeting, each available on SEDAR+.

About Canacol Energy Ltd.

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