Company Update

15 June 2017

Columbus Energy Resources Plc

("CERP" or "Columbus" or the "Company")

Company Update

Columbus Energy Resources, the oil and gas producer and explorer focused on onshore Trinidad with the ambition to grow in South America, is hosting an event for investors later this evening. At the event, Leo Koot, Executive Chairman will make the following comments:

"The successful completion of our rebranding to Columbus Energy Resources marks the start of a new journey for the Company. Since I joined Columbus at the beginning of May I have met with many of our colleagues and it is clear to me that the Company has a fantastic asset portfolio with significant potential and highly skilled people, all of which provides a strong platform for future growth.

"With our newly strengthened Board and senior management team we aim to create shareholder value through maximising production from our existing high quality Trinidadian development assets to generate free cashflow and develop exploration targets across our portfolio in the South West peninsula in a capital efficient and disciplined manner. Alongside this we intend on leveraging our 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.

"At Columbus we are intent on building a value based Company, with an emphasis on the following core values;

· Safe & Sustainable: A safe workplace and protected environment is our first and universal responsibility,

· Stronger Together: We are one team, sharing openly and collaborating everyday,

· Creative Excellence: We dare to be different, meeting high standards and building our own legacy

· Positive Energy: We are self-driven and always improving through our 'can-do' attitude,

· Totally Trusted: We enrich each other and grow trust through living common values,

· Personally Responsible: We are each responsible for our behaviour, our impact on others and our results.

"We are confident that we have the right team, strategy and capital discipline in order to build a sustainable business capable of delivering shareholder value and look to the future with confidence."

As a reminder, Leo Koot is hosting an event for analysts and investors at Patch St Paul's on Thursday 15th June 2017 at 18:00. Should you wish to attend please RSVP to [email protected].

The Company's website, which contains information required by AIM Rule 26, has changed to www.columbus-erp.com. An updated corporate presentation will be made available on the Company's website later today.

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