Canacol Energy Ltd. announced the results of an independent prospective resources evaluation of the Corporation’s VMM 2 and VMM 3 blocks, prepared by Boury Global Energy Consultants Ltd. (“BGEC”), effective March 31, 2021. For the deep Cretaceous interval, specifically the La Luna and the Tablazo Formations, the Corporation has 20% working interest in VMM 2 and 20% working interest in VMM 3. The two blocks in aggregate consist of 156,367 and 31,273 gross and net acres, respectively, in the Middle Magdalena Basin, Colombia.