Canacol Energy Ltd. — Audit Report / Information 2022

Aug 21, 2023

Canacol Energy Ltd. Change of Auditor Notice Pursuant to National Instrument 51-102, Section 4.11

I. Former auditor

• a. On August 14, 2023, KPMG LLP resigned as the auditor of Canacol Energy Ltd. at the reporting issuer’s request.

• b. The Board of Directors accepted the resignation of the auditor.

• c. The auditor’s reports of KPMG LLP on the financial statements of Canacol Energy Ltd. for the two years ended December 31, 2022 did not contain any modifications as to departures from generally accepted accounting principles or limitation in the scope of the audit.

• d. In connection with the audits for the two years ended December 31, 2022 and through to August 14, 2023, there have been no reportable events, as defined in the National Instrument.

II. Successor auditor

The reporting issuer appointed PricewaterhouseCoopers LLP as its new auditor as of August 14, 2023. The Board of Directors approved the appointment.

Dated at Calgary , Alberta , and this 14th day of August, 2023

Canacol Energy Ltd.

(signed) “Tracy Whitmore” Tracy Whitmore Vice President Tax & Corporate Affairs