Canoel International

Canoel International Energy Ltd. is a burgeoning Canadian based publicly traded international energy exploration company. The company's main focus is the acquisition of large acreages in oil producing countries that offer an adequate protection of the ownership of petroleum assets by foreign investors. More specifically, the Company prefers to invest in areas where infrastructure already exists to transport crude oil and/or natural gas once a commercial discovery is achieved. Canoel's strength lies in its possession of an experienced management team and a board of directors composed of individuals having extensive both business and governmental international exposure. This experience is only further strengthened by the company's long established network of important relationships within the broader energy sector itself.

Canoel's strategy is very clear. Namely, to have the flexibility and financial strength to act rapidly and exploit to the full any opportunity that the market may present. This having been said, this strategy does not suggest or imply any sort of large unfunded commitment. The Company intends to adequately fulfil its work programme, whilst at the same time respecting its time schedule and satisfying the host country's energy development programme. The Company considers its principal strengths to be the following:

An excellent country risk assessment capability, stemming from the experience of board members. This allows access to high level local contacts, thereby avoiding any asset loss that may result due to political disruption Good access to prospective transactions around the globe: international intelligence is provided by the extensive contact base of board members & management People: the team combines a competence of petroleum related affairs along with a broader geo-political expertise. Speed: the ability to transact acquisitions in a timely fashion, without failing to provide necessary due diligence in the pre-acquisition investigation. A short history of Canoel It was established by a group of oil entrepreneurs and executives.

Became fully listed on the TSXV (Toronto Venture Exchange) on December 5th 2008. First acquisitions (Three Tunisian Blocks) were completed simultaneously in December 2008 Second acquisition (100% ownership and operatorship of two properties in Argentina already producing crude oil) begun by signing MOU in September 2009. Selected in December 2009 as one of the finalists for two gas producing properties auctioned by the Ministry of Industry in Italy.The successful award has been announced on 30th of August 2011.

Canoel is consolidating the acquisitions that have been made since the company's inception. Further acquisitions are in the pipeline.