CODE OF ETHICS
                      FOR CEO AND SENIOR FINANCIAL OFFICERS
                          HOUSTON AMERICAN ENERGY CORP.


Houston American Energy Corp. (HUSA) has a Code of Ethics applicable to all its
employees. In addition to the Code of Ethics the CEO, and all senior financial
officers are subject to the following terms and policies.

1.   The CEO and all senior financial officers are responsible for full, fair,
     accurate, timely and understandable disclosure in the periodic reports
     required to be filed by HUSA with the Securities and Exchange Commission.
     Accordingly, it is the responsibility of the CEO and each senior financial
     officer to promptly bring to the attention of the appropriate officers,
     agents and employees involved in the preparation and approval of each
     report filed with the SEC (the "Disclosure Team") any material information
     which may affect the disclosures made by HUSA in its public filings. It is
     also the burden of the CEO and each senior financial officer to assist the
     Disclosure Team in fulfilling its responsibilities in connection with the
     preparation and filing of reports that comply fully with SEC reporting
     requirements.

2.   The CEO and each senior financial officer shall promptly bring to the
     attention of the Audit Committee (or the Disclosure Team and Board of
     Directors, if there is no acting Audit Committee) any information he or she
     may have concerning (a) significant deficiencies in the design or operation
     of internal controls which could adversely affect HUSA's ability to record,
     process, summarize and/or report financial data or (b) fraud, whether or
     not material, that involves management or other employees who have
     significant role in HUSA's financial reporting, disclosures or internal
     control.

3.   The CEO and each senior financial officer shall promptly bring to the
     attention of the CEO and to the Audit Committee (or the Disclosure Team and
     Board of Directors, if there is no acting Audit Committee) any information
     he or she may have concerning any violation of HUSA's Code of Ethics,
     including any actual or apparent conflicts of interest between personal and
     professional relationships, involving any management or other employees who
     have a significant role in HUSA's financial reporting, disclosures or
     internal controls.

4.   The CEO and each senior financial officer shall promptly bring to the
     attention of the CEO and to the Audit Committee (or the Disclosure Team and
     Board of Directors, if there is no acting Audit Committee) any information
     he or she may have concerning evidence of a material violation of the
     securities or other laws, rules or regulations applicable to HUSA and the
     operation of its business, by HUSA or any agent thereof, or of violation of
     the Code of Ethics or of these additional policies and procedures.

5.   The Board of Directors shall determine, or designate appropriate persons to
     determine, appropriate action to be taken in the event of violations of the
     Code of Ethics or of these additional terms and policies by the CEO and/or
     any of the senior financial officers. Such actions shall be reasonably
     designed to deter wrongdoing and to promote accountability for adherence to
     the Code of Ethics and to these additional terms and policies, and shall
     include written notices to the individual involved that the Board has
     determined that there has been a violation, censure by the Board, demotion
     or re-assignment of the individual involved, suspension with or without pay
     or benefits (as determined by the Board) and termination of the
     individual's employment. In determining what action is appropriate in a
     particular case, the Board of Directors or such designee shall take into
     account all relevant information, including that nature and severity of the
     violation, whether the violation was a single occurrence or repeated
     occurrences whether the violation appears to have been intentional,
     inadvertent, whether the individual in question had been advised prior to
     the violation as to the proper course of action and whether or not the
     individual in question had committed or violations in the past.


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