Canadian O’Seas Petr (COPL.L) 2020 Year End Results

Calgary, Canada, April 30, 2021 – Canadian Overseas Petroleum Limited (“COPL” or the “Company”) (XOP: CSE) & (COPL: LSE), an international oil and gas exploration, production and development company with production and development operations focused in Converse County Wyoming USA, announces its results for the year ending December 31, 2020.

The results and associated annual regulatory filing documents, including the Financial Statements, Management’s Discussion and Analysis, and Statement of Reserves Data and Other Oil and Gas Information (National Instrument 51-101 Forms 51-101F1, 51-101F2, 51-101F3) for the year ending December 31, 2020, can be viewed under the Company’s name at www.sedar.com or at the Company’s website at www.canoverseas.com.

Arthur Millholland, President & CEO, commented:

“Our Company had a remarkable year in 2020. The first half of the year was difficult, but was truly outstanding at year-end. The acquisition of Atomic Oil and Gas LLC which closed in March of this year was transformative for COPL. In 2020 we managed to recapitalize the Company which allowed for the acquisition of Atomic and the associated equity and debt financings. We look forward to the Q1 2021 reporting as it will be the first one to include the operating results of our Atomic group as well as an update on their operations.”

About the Company:

COPL is an international oil and gas exploration, development and production company actively pursuing opportunities in the United States with operations in Converse County Wyoming, and in sub-Saharan Africa through its ShoreCan joint venture company in Nigeria, and independently in other countries.

For further information, please contact:

Mr. Arthur Millholland, President & CEO

Canadian Overseas Petroleum Limited

Tel: + 1 (403) 262 5441

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