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Message: 2X CHANGES

2X CHANGES

posted on Feb 12, 2009 12:26PM

The trading symbol will be changed to "CNE" from "BRX".

BrazAlta Resources Corp. (TSX VENTURE:BRX) (now Canacol Energy Ltd.)

February 12, 2009

BrazAlta Resources Corp. Announces Name Change and New Board of Directors
CALGARY, ALBERTA--(Marketwire - Feb. 12, 2009) - 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.
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