February 4, 2014 - Calgary, Alberta- Canoel International Energy Ltd. ("Canoel" or the "Company") (TSX VENTURE: CIL) announces that Hans-Rune Wahlstrom has resigned from Canoel's Advisory Committee. The company wishes Mr. Wahlstrom success in his future endeavors.

For further information, please contact:

Jose Ramon Lopez Portillo Andrea Cattaneo

Chairman of the Board CEO & President

Email: info@canoelenergy.com

Telephone: (403) 938-8154

Telefax: (403) 775-4474

This press release is not to be distributed to U.S. newswire services or for dissemination in the United States. Any failure to comply with this restriction may constitute a violation of U.S. securities law.

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