Canacol Energy Ltd. Obtains the Highest Rating in the Global Oil and Gas Sector in the Environmental, Social, and Governance Assessment by ISS

CALGARY, ALBERTA – (April 28, 2025) – Canacol Energy Ltd. («Canacol» or the «Corporation») (TSX:CNE; OTCQX:CNNEF; BVC:CNEC) is pleased to announce that it has recently received the highest rating awarded by the international organization ISS in the category of environmental, social, and governance “ESG” performance for the oil and natural gas industry in Colombia and worldwide. This rating reinforces the Corporation's focus on maintaining the highest standards and practices in its ESG management.

In the ISS ESG assessment, Canacol far exceeds the sector average in climate protection and energy transition, given its focus on clean natural gas production, the reduction of venting and leaks, monitoring of water resources, preservation of biodiversity in sensitive areas, and maintaining zero hydrocarbon spills in operations. In turn, the commitment to human rights, community dialogue, and the low accident rate reaffirms sustainable leadership.

Additionally, Canacol has received the following ESG 2024 ratings from recognized international organizations:

• S&P Global CSA: score “75”, placing us in the top 101 globally in terms of sustainability in the oil and gas industry. Likewise, the Corporation has been part of the Sustainability Yearbook for the second consecutive year. (scale 0-100, with 100 being the highest score).
• Sustainalytics: score “24.4”, placing us in the top 41 among 301 global oil and natural gas producers (scale 100/0, with 0 being the highest score).
• MSCI ESG: rating “A” for the second consecutive year (scale CCC/AAA, with AAA being the highest score).
• CDP: rating “B” in the climate change category for the second consecutive year, and rating “B” in our first year of participation in the water security category (scale F-/A, with A being the highest score).
• ISS Governance: score “3” in the governance category, “1” in the environmental category, and “1” in the social category. In all cases, our performance was above the average of the oil and gas industry (scale 10/0, with 0 being the highest score).

Yenny Rodriguez, Manager of Environment, Sustainability, and Governance at Canacol highlighted: “The high ratings obtained are the result of rigorous and sustained work over more than a decade, in which the highest environmental, social, and governance criteria are a fundamental part of our corporate strategy aimed at achieving a cleaner, fairer, and more responsible energy future for Colombia.”.

In this way, Canacol positions itself as a strategic and reliable ally of the Government of Colombia in achieving the 2030 Agenda, promoting the energy transition through the production of clean natural gas. This contribution, which reinforces national energy security and promotes sustainable and inclusive growth, is based on rigorous governance and a continuous improvement system, supported by transparent dialogue with different stakeholders.