Issue of Equity and TVR

For Immediate Release

19 September 2017

COLUMBUS ENERGY RESOURCES PLC

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

Issue of Equity and TVR

Further to the announcement of 11 September 2017, the Board of Columbus, the oil and gas producer and explorer focused on onshore Trinidad with the ambition to grow in South America, wishes to confirm that an application for a total of 20,300,000 new ordinary shares of 0.05p each (the "New Ordinary Shares") in the capital of the Company, which are being issued to Lind Partners, LLC ("Lind") pursuant to the revised Convertible Security Agreement, has been made to the London Stock Exchange. The New Ordinary Shares will rank pari passu in all respects with the Company's existing Ordinary Shares and it is expected that admission to trading will become effective and that dealings in the New Ordinary Shares will commence on 22 September 2017.

As per the announcement of 11 September 2017, 17,992,308 shares are to be escrowed by Lind for at least six months from the date of issue and, the remaining 2,307,692 shares cover the Company's repayment of the next First Tranche monthly instalment.

Following the issue of the New Ordinary Shares, the Company's enlarged issued share capital will comprise of 559,497,502 Ordinary Shares with voting rights. This figure may be used by Shareholders in the Company as denominator for the calculations by which they may determine if they are required to notify their interest in, or a change to their interest in, the Company under the Financial Conduct Authority's Disclosure Guidance and Transparency Rules.

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