Canadian Overseas Petroleum Recognized as a TSX Venture 50 for 2014

Canadian Overseas Petroleum Limited ("COPL" or "the Company") (TSX VENTURE:XOP),
is pleased to announce that the Company has been recognized as one of the "TSX
Venture 50" for 2014, which identifies the top 50 performing companies in the
sectors of Clean Technology, Diversified Industries, Mining, Oil & Gas and
Technology & Life Sciences on the TSX Venture Exchange. The rankings are made
based on the criteria of market capitalization growth, share price appreciation,
trading volume and analyst coverage.


Mr. Arthur Millholland, President and CEO of COPL, commented: "We are thrilled
with what we were able to accomplish in 2013 and thank the TSX Venture Exchange
for their recognition as one of the TSX Venture 50. We have an exciting year
planned for 2014 with the upcoming exploration campaign offshore Liberia and our
focussed plans to continue to develop and grow the portfolio in West Africa."


About the Company

COPL is an international oil and gas exploration and development company
focussed in the offshore West Africa. The Company holds a 17% working interest
in Block LB-13, offshore Liberia, with ExxonMobil the operator holding an 83%
working interest. COPL is carried by ExxonMobil for its share of the first $120
million of gross drilling costs of a two well exploration programme planned for
2014. COPL also holds exploration acreage with shale oil potential on the north
island of New Zealand.


Neither the TSX Venture Exchange nor its Regulation Services Provider (as that
term is defined in the policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this release.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Canadian Overseas Petroleum Limited
Mr. Arthur Millholland
President and CEO
[phone]


Canadian Overseas Petroleum Limited
Rob Elgie
Manager of Investor Relations
[phone]


Bell Pottinger, public relations
Mark Antelme or Henry Lerwill
[phone]