Update on Inniss-Trinity CO2 Project

31 March 2020

COLUMBUS ENERGY RESOURCES PLC

("Columbus" or the "Company")

Update on Inniss-Trinity CO2 Project

Columbus, the oil and gas producer and explorer with operations in Trinidad and Suriname, provides the following update about the Inniss-Trinity CO₂ pilot project.

The Company notes that Predator Oil & Gas Holdings Limited ("Predator"), its joint venture partner in the CO₂ pilot project, has put out a press release, which can be found here:

https://polaris.brighterir.com/public/predator_oil_and_gas/news/rns/story/x2o04mr/export

Leo Koot, Executive Chairman of Columbus, commented:

"Columbus and Predator continue to advance the CO₂ pilot project. We look forward to the next stage of continuous injection."

This announcement is inside information for the purposes of Article 7 of Regulation 596/2014.

Contact Information

Notes to Editors:

Columbus Energy Resources Plc is an oil and gas producer and explorer focused on onshore Trinidad and Suriname. The Columbus Energy group has five producing fields, two appraisal/development projects and a highly prospective exploration portfolio in the South West Peninsula ("SWP"), which lies in the extreme southwest of Trinidad and consists of stacked shallow and deep prospects. Columbus aims to create transformational growth by developing its portfolio in a capital efficient and disciplined manner. Columbus is guided by the following core values; safe and sustainable, stronger together, creative excellence, positive energy, totally trusted and personally responsible.

The Company is led by an experienced Board and senior management team with supportive shareholders and intends on leveraging its expertise and experience to build an attractive and diversified portfolio of assets across South America in order to build an oil production led South American exploration business. To find out more, visit www.columbus-erp.com or follow us on Twitter @Columbus_ERP.