An anonymous director reports

COPL ANNOUNCES CEO RESIGNATION

John Cowan has resigned as the chief executive officer of Canadian Overseas Petroleum Ltd. but will remain on the board of directors of the company for the time being while a replacement is found.

About Canadian Overseas Petroleum Ltd.

Canadian Overseas is an international oil and gas exploration, development and production company actively pursuing opportunities in the United States with operations in Converse county, Wyoming.

We seek Safe Harbor.