On April 30, 2012, James J. Wolff, a director of Colombia Energy Resources, Inc., informed the Board of Directors that, due to personal reasons, he would not stand for re-election at the Annual Shareholders' Meeting of the company to be held on May 8, 2012. Mr. Wolff's duties as Chief Financial Officer of Bowie Resources, LLC, require his time and abilities rendering him unable to continue to satisfy his duties as a director of the company. Mr. Wolff will continue to serve as a director for the remainder of his current term, which is scheduled to expire on the date of the Annual Meeting.