Canacol Energy Ltd. ("Canacol" or the "Corporation")
(TSX:CNE)(OTCQX:CNNEF)(BVC:CNEC) announces that Mr. Gary Petersen has resigned
from its Board of Directors effective March 25, 2014. Mr. Petersen joined the
Corporation's Board of Directors in December 2012 in connection with Canacol's
acquisition of Shona Energy Company, Inc., and also served as a member of
Canacol's Corporate Governance and Compensation Committee. The Corporation has
no plans to fill the vacancy at the present time.


Canacol is an exploration and production company with operations focused in
Colombia and Ecuador. 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 symbols CNE, CNNEF, and CNEC, respectively.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Canacol Energy Ltd.
Investor Relations
888-352-8888
IR@canacolenergy.com
www.canacolenergy.com

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