Columbus Energy Resources plc announced receipt of Ministry on Energy and Energy Industry ("Ministry") approval for the start of continuous injection of CO2 in the Trinity Inniss field. The Company also announces a continuation, for the month of May 2020, of the cost control measures first implemented in April 2020. As previously announced, the term of the Trinity Inniss Incremental Production Service Contract ("IPSC") was extended to allow for the implementation of the CO2 Pilot Project. The Company's interest in the Trinity Inniss field benefits from an agreement with Predator Oil and Gas plc ("Predator"), whereby Predator will help plan and fund the CO2 EOR Pilot Project (the "CO2 pilot project"). As part of the agreement with Predator, the Company and Predator share 50:50 in any incremental oil production (after Predator recovers its costs associated with the project). Additionally, Predator has the right (until 30 September 2020) to purchase the Company's interest in the Trinity Inniss field for USD 4.2 million.