BrazAlta Resources Corp. Announces Name Change and New Board of Directors

BrazAlta Resources Corp. (TSX VENTURE:BRX) (now Canacol Energy Ltd.) (the
"Corporation") is pleased to announce that effective at the opening February 13,
2008, the common shares of Canacol Energy Ltd. (formerly BrazAlta Resources
Corp.) (TSX VENTURE:CNE) will commence trading on TSX Venture Exchange. The
trading symbol will be changed to "CNE" from "BRX". There is no consolidation of
capital in conjunction with this name change.


The name change was approved by the shareholders of the Corporation at the
annual meeting held on February 6, 2009. At the annual meeting the Corporation's
shareholders also elected Charle Gamba (President and CEO), Michael Hibberd
(Chairman), Alvaro Barrera, Stuart Hensman, Jason Bednar, David A. Winter, and
Luis Baena as directors of the Corporation to hold office until the next annual
meeting or until their successors are elected or appointed. Biographical
information regarding the board members may be found in the news release of the
Corporation dated January 8, 2009.


The changes to the board of directors conclude the change of management and
board members contemplated in connection with the acquisition of Canacol Energy
Inc. in October 2008.


Canacol is a Canadian based international oil and gas corporation with
operations in Colombia, Brazil, Guyana, Northern Ireland, and Canada. Canacol is
publicly traded on TSX Venture Exchange). The Corporation's public filings may
be found at www.sedar.com.


This press release may contain statements within the meaning of safe harbour
provisions as defined under Securities Laws and Regulations. The above
statements are based on the current expectations and beliefs of Canacol's
management and are subject to a number of risks and uncertainties that may cause
the actual results to differ materially from those described above. Canacol does
not undertake any responsibility with regard to the accuracy of this press
release nor the obligation to update the abovementioned information.