July 8, 2013, James J. Jacobs submitted his resignation as Chief Financial Officer of Houston American Energy Corp., effective July 19, 2013. Mr. Jacobs has accepted a position as Vice President, Corporate and Business Development of a larger oil and gas company. On July 8, 2013, the company provided a nonrenewal notice to Kenneth Jeffers, Senior Vice President of Exploration.

As a result, Mr. Jeffers employment agreement with the company will expire on August 13, 2013 and, unless the company and Mr. Jeffers enter into other arrangements to retain his services in such capacity, Mr. Jeffers position as Senior Vice President of Exploration will terminate on August 13, 2013.