Canacol Energy Ltd. Announces Meeting Results

Canacol Energy Ltd.

CALGARY, Alberta, June 24, 2022 (GLOBE NEWSWIRE) -- Canacol Energy Ltd. ("Canacol" or the "Corporation") (TSX:CNE) (OTCQX:CNNEF) (BVC:CNEC) is pleased to announce that at the annual general and special meeting held in Bogotá, Colombia‎ on June 24, 2022 (the "Meeting") holders of common shares of Canacol: (i) re-elected Charle Gamba, Michael Hibberd, David Winter, Gregory D. Elliott, Francisco Diaz, Juan Argento, Gonzalo Fernández-Tinoco and Ariel Merenstein to the Board of Directors; (ii) appointed KPMG LLP, as Canacol's auditors; and (iii) re-approved the omnibus long-term incentive plan ‎of the Corporation.

The detailed results of the vote for the election of directors held at the Meeting are set out below:

Nominee	Votes For		% For			Votes Withheld	% Withheld
Charle Gamba	91,249,102		98.7	%		1,214,972	1.3	%
Michael Hibberd	80,583,738		87.2	%		11,886,136	12.9	%
David Winter	80,719,362		87.3	%		11,750,512	12.7	%
Gregory D. Elliott	80,769,740		87.3	%		11,700,134	12.7	%
Francisco Diaz	80,887,656		87.5	%		11,581,218	12.5	%
Juan Argento	80,634,212		87.2	%		11,835,662	12.8	%
Gonzalo Fernández-Tinoco	79,140,789		85.6	%		13,329,086	14.4	%
Ariel Merenstein ‎	90,718,187		98.1	%		1,764,542	1.9	%

Further disclosure on the matters approved at the Meeting can be found in the Management Information Circular dated May 13, 2022 and the Report of Voting Results for the Meeting each available on SEDAR at www.sedar.com.

About Canacol

Canacol is a natural gas exploration and production company with operations focused in Colombia. 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 symbol CNE, CNNEF, and CNEC, respectively.

CONTACT: For more information please contact: Investor Relations South America: +571.621.1747 IR-SA@canacolenergy.com Global: +1.403.561.1648 IR-GLOBAL@canacolenergy.com http://www.canacolenergy.com