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Cautionary Statement There is no certainty that any portion of the resources will be discovered. If discovered, there is no certainty that it will be commercially viable to produce any portion of the resources. Table Notes (1)   The GaffneyCline Report includes estimates of un‐risked prospective resources and risked prospective resources for individual prospects and leads. The aggregations of these estimates were prepared by Canacol. (2)   The Corporation aggregates probabilistically to the country level for internal portfolio management and long term planning. As required by COGEH Section 5.7, an explanation of this aggregation methodology is provided. A single distribution of prospective resources volumes on an un‐risked and risked basis was generated by means of a multiple trial Monte Carlo simulation incorporating Chance of Discovery (Geological Chance of Success (GCoS)), and Chance of Development (CoD) of all 188 prospects and leads from GaffneyCline’s audit. From

Cienaga de oroDepartamento de cordobaUnited statesLa guajiraMonte carloMark teareInformation regarding disclosure on oilChance of developmentCanacol energy ltd gross prospective resources detailCanacol energy ltdSee information regarding disclosure on oilColombia stock exchangeToronto stock exchangeCline associates gaffneyclineWhile the corporationChance of development co