Canadian Overseas Petroleum Reports Second Quarter Results

Canadian Overseas Petroleum Limited ("COPL" or the "Company") (TSX VENTURE:XOP)
announces its second quarter results for the three months and six months ended
June 30, 2013. The Interim Financial Statements and Management's Discussion and
Analysis for the second quarter can be viewed on the company's website at
www.canoverseas.com or on SEDAR at www.sedar.com under the COPL listing.


About the Company 

COPL is an international oil and gas exploration and development company focused
on oil and gas exploration activities offshore of the Republic of Liberia. In
2013, the Company acquired an interest in a production sharing contract from the
government of the Republic of Liberia that includes a world class exploration
project in the West Africa Transform margin and provides the partners the
exclusive right to explore for and develop the resources within. COPL also has
acquired 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
403.262.5441


Canadian Overseas Petroleum Limited
Rob Elgie
Manager of Investor Relations
403.262.5441
www.canoverseas.com