Canadian Overseas Petroleum Ltd Announces Appointment Vice President of Business Development

CALGARY, AB--(Marketwired - Sep 15, 2014) -

Canadian Overseas Petroleum Limited

FOR IMMEDIATE RELEASE TSX Venture: XOP; LSE: COPL

Canadian Overseas Petroleum Limited Appoints Vice President Of Business Development and General Council

Calgary, Canada, September 15, 2014 -Mr. Arthur Milholland, President and CEO of Canadian Overseas Petroleum Limited (TSX VENTURE: XOP) (LSE: COPL) ("COPL" or "the Company") is pleased to announce the appointment of Dr. Richard Mays as Vice President of Business Development and General Council.

With his capital markets background and vast experience with off-shore projects Dr. Richard Mays is an ideal candidate for this role and COPL is delighted to retain an executive of his calibre.

Dr. Richard Mays is a qualified solicitor in Scotland and has served in several senior roles in the oil and gas industry. Until its recent sale to Impact Oil and Gas Limited, he served as Executive Chairman of Black Star Petroleum plc. He was formerly General Counsel and Director at DEO Petroleum plc, Executive Chairman of Peppercoast Petroleum plc and Vice President Commercial (Operations) at Oilexco North Sea Limited. He has provided consultancy and training services to a large number of oil and gas sector businesses. Richard is also a former Professor of Law and Deputy Dean of the Aberdeen business school.

On behalf of the Board of Directors,

Mr. Arthur Milholland
President and CEO

About Canadian Overseas Petroleum Limited 

COPL is an international oil and gas exploration and development company focused in off-shore West Africa. The Company holds a 17% working interest in Block LB-13, off-shore Liberia, with ExxonMobil, the operator, holding an 83% working interest. COPL is actively pursuing opportunities in Nigeria as part of its strategy to generate stable cash flow from secure off-shore assets. COPL's Common Shares are listed under the symbol "XOP" on the TSX-V and under the symbol "COPL" on the London Stock Exchange.

To receive Company news via email, contact robin@chfir.com and mention "COSP news" in the subject line.

CONTACT INFORMATION

Canadian Overseas Petroleum Limited   Mr. Arthur Milholland President and CEO Tel: + 1 (403) 262 5441 Investor and Public Relations Bell Pottinger Mark Antelme or Henry Lerwill North America Toll Free: +1 866 834 8330 Phone: +44 (0) 203 772 2500

CHF Investor Relations Robin Cook Senior Account Manager Tel: +1 (416) 868 1079 ext. 228 Email: robin@chfir.com http://www.chfir.com/

FORWARD LOOKING STATEMENTS

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