News

February 13, 2015, Vancouver, British Columbia. Simba Energy Inc. (TSXV: SMB, Frankfurt: GDA, OTCQB: SMBZF) (the “Company”) announces that is has completed a nonbrokered private placement (the “Private Placement”) of a total of 15,000,000 units for gross proceeds of $450,000. Each and unit consists of one common share and one-half of a non-transferable common share purchase warrant, with each full warrant exercisable for a period of two years from the closing date at a price of $0.05 per share. The securities are subject to a four-month hold period as required under applicable securities law.

The Company plans to use the proceeds of the Private Placement to fund exploration commitments associated with the Company’s Production Sharing Contracts in Kenya and Guinea, and general working capital purposes.

The Company also announces it has granted stock options to officers, directors, and consultants, under its stock option plan, for the purchase of up to 7.2 million common shares of the Company for a period of 5 years at a price of $0.06 per share.

Simba Energy Inc. is establishing itself as a diversified international explorer and developer with a growing oil and gas acreage position in Africa, with onshore Production Sharing Contracts in Kenya, Guinea and Chad.

ON BEHALF OF THE BOARD

“Robert Dinning”
President & CEO

For further information, contact: Mark Sommer, info@simbaenergy.ca, Toll Free: 1‐ 855‐777‐4622.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

January 30, 2015, Vancouver, British Columbia. Simba Energy Inc. (TSXV: SMB, Frankfurt: GDA, OTCQB: SMBZF) (the “Company” or “Simba Energy“) has completed a non-brokered private placement involving the sale of up to 15,000,000 units at a price of Cdn$0.03 per Share. Each unit will consist of one common share and one-half of a non-transferable common share purchase warrant, with each full warrant exercisable for a period of two years from the closing date at a price of $0.05 per share, to raise gross proceeds of up to Cdn$450,000 (the “Private Placement“). No finders’ fees or commissions will be paid in connection with the placement.

Net proceeds from the Private Placement will be used towards funding and exploration commitments associated with the Company’s Production Sharing Contracts, payment of certain trade payables, and for general working capital purposes.

Closing of the Private Placement is subject to receipt of all regulatory approvals, including the approval of the TSX Venture Exchange. The Shares will be subject to a hold period of four months and one day from date of issue of the Shares.

Simba Energy Inc. is establishing itself as a diversified international explorer and developer with a growing oil and gas acreage position in Africa, with onshore Production Sharing Contracts in Kenya, Guinea and Chad.

ON BEHALF OF THE BOARD

“Robert Dinning”
President & CEO

For further information, contact: Mark Sommer, info@simbaenergy.ca, Toll Free: 1- 855-777-4622.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

December 18, 2014, Vancouver, British Columbia. Simba Energy Inc. (TSXV: SMB, Frankfurt: GDA, OTCQX: SMBZF) (the “Company” or “Simba”) is pleased to update it’s shareholders on activities in Kenya where it holds a 100% interest on the Production Sharing Contract (PSC) for onshore Block 2A.

“While we have been actively negotiating with numerous parties who have expressed interest in a farm-in to Block 2A, the technical team has finalized a program to acquire up to 400 kms of 2D seismic designed to target drilling locations on prospects and leads in two basins, and also yield volumetrics that will support revised resource estimates. The Company expects to sign a contract and commence the initial 2D seismic program in the first quarter of 2015.”, stated Robert Dinning, President & CEO.

The recent airborne high resolution FTG (Full Tensor Gradiometry) carried out by Bell Geospace, combined with previously acquired passive seismic, reprocessed seismic, and earlier drill log data, provides a significant data set all of which strongly supports Block 2A’s excellent exploration potential and merit to carry out a next phase of 2D seismic acquisition

The 7,802 kms² concession comprises highly prospective areas within two basins, the Mandera and Anza basins, both of which have proven working petroleum systems and where these FTG results have confirmed two prospects and a number of significant leads.

In the southern extents of the Mandera basin the Tarbaj oil seep, located just north of Block 2A’s northern boundary, has confirmed marine origin source rocks deeper in the basin in Lower / Mid Jurassic. Just to the south in the central portion of Simba’s concession the FTG survey results identified five structural features with independent closures varying in size from 30kms² to +100kms². Two of the structures are high ranking and drill ready prospects, M1 (85 kms²) and M3 (102 kms²) that have 4 way closures clearly correlated by earlier 2D seismic, passive seismic and now FTG, and lie in a tilted fault block, up to the north, targeting depths from 1,500 to 1,750 metres, and share 1,600+ MMboe potential (unrisked). The Company has completed designs to acquire 265 kms of additional 2D seismic over and around these two prospects to determine depths, volumetrics and drill locations.

Lying within the western portion of Block 2A are the eastern margins of the Anza basin where a proven “String of Pearls” that trends from 30kms to the northwest in Block 9 at the Sala commercial gas discovery (with oil shows) where Africa Oil, as part of their 50/50 JV with Marathon Oil, continues with the third of five planned wells, south through Simba’s concession to the Badada prospect in Block 2B (held 55% by Premier Oil, 30% by Taipan Resources and 15% by Tower Resources). The first exploration well at the ‘pearl’ type Badada prospect is scheduled to spud early in January 2015 just south of Simba’s concession boundary. The northern extents of the Badada prospect lie within Simba’s concession.

Within the Anza basin portion of Simba’s concession the FTG identified six structural features for follow up. The Company’s primary lead in the Anza basin, ‘A1’ at 45 kms², lies entirely within the concession and is expected to upgrade to prospect status and/or yield drilling targets after the next phase of 2D seismic (100kms) designed to evaluate structure and the anomalies on the known ‘Pearl’ trend.

A revised Corporate Presentation that summarizes the technical rationale supporting the exploration potential at Block 2A, and the other assets within Simba’s portfolio, has been uploaded to the Company’s website.

James W. Dick P Geol., P. Eng., (APEGGA) is a qualified person in accordance with National Instrument 51-101 and has reviewed and approves the technical disclosure in this news release.

ON BEHALF OF THE BOARD
“Robert Dinning”, President & CEO

For further information, contact: Mark Sommer, mark@simbaenergy.ca, Toll Free: 1‐ 855‐777‐4622.

This News Release may contain forward-looking statements based on assumptions and judgments of management regarding future events or results that may prove to be inaccurate as a result of exploration and other risk factors beyond its control, and actual results may differ materially from the expected results. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

October 30, 2014, Vancouver, British Columbia, Simba Energy Inc. (“Simba” or the “Company”) (TSX.V: SMB; Frankfurt: GDA; OTCQX: SMBZF), the pan-African onshore exploration oil & gas company, is pleased to announce that it has retained services of Star Finance GmbH (“Star Finance”), an investor relations firm from Switzerland to provide investor relations services in Europe.

Effective as of September 1st 2014, Star Finance has been and will continue to provide investor relations, marketing and consultant services for the European market to Simba Energy Inc. for a period of twelve months. Star Finance will be paid an annual fee of $75,000 CDN plus allowable disbursements.

About Star Finance:

Star Finance GmbH is one of the founding members of Stockteam Germany – a network of Europe-based individual investor relations companies and communication specialists (www.stockteam-germany.com). Stockteam Germany is a one-stop-shop for European investor relations and corporate communication activities and is offering a large variety of state-of-the-art services to its clients, including lead generation, media coverage and dissemination (on- and offline), news release translation and dissemination, social media relations, online investor video conferences, institutional roadshows and (dual-) listing assistance for German stock exchanges. These activities are long-term focussed and bundled into tailor-made packages for each individual client.

About Simba Energy:

Simba Energy Inc. is an international oil & gas exploration company focused on onshore Pan-African opportunities. The Company holds a diversified portfolio of 100% or majority interests in several prospective oil & gas exploration assets in Kenya, Chad and Guinea.

In addition to its 100% interest in Kenya’s Block 2A, Simba holds a 60% interest in Blocks 1 & 2, onshore Republic of Guinea and holds 100% interests in three prospective oil & gas blocks in the Republic of Chad. The Company is also the successful applicant for Block 3 in Mali and has applications pending for onshore blocks in Liberia and Ghana.

Simba’s objective is to establish itself as a diversified international developer and producer with a growing oil & gas acreage position and significant upside potential for shareholders.

ON BEHALF OF THE BOARD
“Robert Dinning”
President & CEO

For further information, contact: Mark Sommer, info@simbaenergy.ca, Toll Free: 1‐ 855‐777‐4622.

This News Release may contain forward-looking statements based on assumptions and judgments of management regarding future events or results that may prove to be inaccurate as a result of exploration and other risk factors beyond its control, and actual results may differ materially from the expected results. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

August 22, 2014, Vancouver, British Columbia. Simba Energy Inc. (TSXV: SMB, Frankfurt: GDA, OTCQX: SMBZF) (the “Company” or “Simba”) is pleased to report that following positive results of the Company’s most recent FTG (Full Tensor Gradiometry) survey and final report by Bell Geospace, the Company has reopened its data room and, with the assistance of Ernst & Young’s Corporate Finance Oil & Gas division in London, has resumed discussions with numerous parties interested in participating in the development of Block 2A in Kenya.

The results of the high resolution Gravity Gradiometry™ by Bell Geospace has identified five structural features with independent closures varying in size from 30kms² to +100kms² in both the Mandera and Anza basins that compare favourably to earlier discoveries in the region. As a result the Company is planning a more focused 2D seismic acquisition program to further delineate drilling locations.

It is noted that significant activity is underway directly surrounding Block 2A (Simba at 100% interest), with three wells scheduled to be drilled and completed this year: Sala-2 (Africa Oil, 50% interest), Badada-1 (Premier Oil, 55% interest), and Khorof-1 (Afren, 80% interest) which speaks highly to the area’s exploration potential.

“We’re pleased to report that these very encouraging FTG results have increased the level of interest in Block 2A considerably.”, remarked Robert Dinning, President & CEO

All inquiries to access the data room should be directed to Ernst & Young – Corporate Finance Oil & Gas (London), attention Mr. Anu Tayal, Assistant Director, +44 (0) 20 7951 4975, atayal@uk.ey.com

James W. Dick P Geol., P. Eng., (APEGA) is a qualified person in accordance with National Instrument 51-101 and has reviewed and approves the technical disclosure in this news release.

About Simba Energy:

Simba Energy Inc. is an oil and gas exploration company with active onshore PSCs in Kenya and Guinea and PSC’s under continuing negotiation in Chad, Liberia and Ghana. Simba focuses on onshore oil and gas exploration in areas that are under-developed or not previously exploited.

ON BEHALF OF THE BOARD
“Robert Dinning”
President & CEO

For further information, contact: Mark Sommer, mark@simbaenergy.ca, Toll Free: 1‐ 855‐777‐4622.

This News Release may contain forward-looking statements based on assumptions and judgments of management regarding future events or results that may prove to be inaccurate as a result of exploration and other risk factors beyond its control, and actual results may differ materially from the expected results. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

August 12, 2014, Vancouver, British Columbia. Simba Energy Inc. (TSXV: SMB, Frankfurt: GDA, OTCQX: SMBZF) (the “Company” or “Simba”) announces it is in receipt of Bell Geospace’s final report and results from their aerial FTG (Full Tensor Gradiometry) survey analysis and interpretation at it’s 100% interest Block 2A concession in Kenya.

In summary the results have identified five structural features with independent closures varying in size from 30kms² to +100kms² in both the Mandera and Anza basins. Given the FTG results, the Company is able to better focus and narrow the area and extent of the now planned 2D seismic program necessary to further develop drilling locations. The planned seismic program will focus on the three highest ranking & sizeable targets identified by the FTG in both basins.

“The FTG results, in conjunction with correlating data from previous 2D & passive seismic, drill logs and comparable data at other discoveries, indicate a number of potential drilling targets in Block 2A. These results and final report will be made available to our interested farm-in partners. The FTG data will be used to design and constrain the 2D seismic program, which once acquired, will allow us to determine depths, create volumetric estimates and to define drilling locations all of which is to be published in an updated (NI 51-101 compliant) resource estimate (or CPR – Competent Persons Report).”, remarked Robert Dinning, President & CEO.

The map provided below highlights the FTG survey’s results. The FTG results will inform the design and planning to acquire 2D seismic over the specific FTG anomalies observed in both basins. An area in the Mandera basin that covers the two sizeable ‘primary’ and one ‘secondary’ target areas designated as M1 & M3 (prospects) and M2 (lead) is estimated to require +/-175 line kilometers, while an additional 100 kms are estimated for the Anza basin to cover leads A1, A4 and A5.

Simba’s Block 2A concession covers an area of over 7,800 km² that overlies portions of two very prospective basins, each with proven hydrocarbon systems: The Mandera basin where the Tarbaj oil seep (just to the north of Block 2A’s northern boundary) has confirmed marine origin source rocks deeper in the basin in Lower / Mid Jurassic formations, and; the Anza basin, one of the largest Tertiary-age rift basins in the East African rift system and with a geological setting similar to the South Lokichar basin where Africa Oil and Tullow have recently had significant discoveries.

The strong exploration potential for the target areas in both the Mandera and Anza basins is supported by the following rationale.

Mandera Basin:

• The Mandera basin offers significant exploration potential with a Jurassic-Triassic section deposited during a period of marine conditions which typically result in larger sedimentary bodies that in turn form larger reservoirs
• Bell Geospace’s recent FTG survey identified a north-east trough along the Mandera basin margin parallel to a series of independent closed structures and indicate the margins of the Mandera basin possibly hosting a “String of Pearls” trend play
• Numerous formations offer reservoir rock potential, for example: the coarse grained Triassic, Mansa Guda sandstone has an estimated 15% average porosity. Sin Rift 1 & 2 sandstones although not penetrated locally have good reservoir potential and have 4 way closure on prospect M1.
• Shale can be found at many levels as a seal (eg: Elgal shale being equivalent to Bokh formation in Ethiopia or Mansa Guda)
• Afren is expected to spud the first well for the Khorof prospect in Block 1 (Afren 80%), approximately 100 kms east northeast of Block 2A’s primary target areas in the Mandera basin, with results anticipated in Q1-15.
• 4 way closure at M1 & M3 prospects is supported by each of: 2D seismic, passive seismic and FTG
• Planned 2D seismic program will delineate prospects’ depth, potential volumetrics & refine drilling locations and test ‘pearl’ trend identified by FTG and earlier passive seismic

Anza Basin:

• The Anza Basin is Tertiary to Cretaceous in age. During the Rift 3 period Upper Cretaceous and Lower Tertiary age, activity from the southeast imposed a new tectonic pattern so major NW trending faults traversed Kenya and formed the Anza Basin, as a deep graben (Kerr J William et al)
• Block 2A’s portion of the Anza basin lies within the proven “String of Pearls” play along the basin’s SE margins and has been significantly de-risked by Africa Oil’s recent Sala-1 commercial gas discovery (30kms NW in Block 9)
• The ‘pearls’ trend extends to the Badada prospect of which the northern extent (20%) straddles Block 2A’s southern boundary (with Block 2B) and is analogous with the Sala prospect. Simba’s primary target in the Anza basin, A1 (at 44kms²) and secondary targets A4/A5 (55kms²) lie on this ‘pearls’ trend with, and between, the Sala and Badada prospects
• Rework of available 2D seismic and acquisition of an additional +/- 100 line kilometers of 2D seismic will be used to refine depths & allow for reservoir volume estimates as well as better locate potential drilling locations, all of which will support the creation of a resource model and estimate for the Anza basin portion of Simba’s (100% interest) Block 2A concession
• Africa Oil has just spud Sala-2 and it expects Anza gas will be commercialized by end of 2016, preparations to spud Badada-1 in Q4-14 are now underway by Block 2B’s JV partners: Premier Oil (55%), Taipan Resources (30%) and Tower Resources (15%)

James W. Dick P Geol., P. Eng., (APEGA) is a qualified person in accordance with National Instrument 51-101 and has reviewed and approves the technical disclosure in this news release.

This news release is intended for consideration in conjunction with the above map. If this map is not available in this communication it is available by visiting Simba Energy’s website, Kenya webpage, or News Releases page, or by selecting the following link: www.simbaenergy.ca

About Simba Energy:

Simba Energy Inc. is establishing itself as a diversified international explorer and developer with a growing oil and gas acreage position of underdeveloped or not previously exploited assets in Africa, with onshore Production Sharing Contracts in Kenya, Guinea and Chad that are under.

ON BEHALF OF THE BOARD
“Robert Dinning”
President & CEO

For further information, contact: Mark Sommer, mark@simbaenergy.ca, Toll Free: 1‐ 855‐777‐4622.

This News Release may contain forward-looking statements based on assumptions and judgments of management regarding future events or results that may prove to be inaccurate as a result of exploration and other risk factors beyond its control, and actual results may differ materially from the expected results. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

July 31, 2014, Vancouver, British Columbia. Simba Energy Inc. (TSXV: SMB, Frankfurt: GDA, OTCQX: SMBZF) (the “Company”) has increased the size of its non-brokered private placement to up to 54,118,009 units (the “Units“) offered at a price of Cdn$0.06 per Unit to raise gross proceeds of Cdn $3,247,080 (the “Private Placement”). Each Unit consists of one (1) common share in the capital of the Company and one (1) full share purchase warrant (a “Warrant“), with each Warrant being exercisable for four years to purchase one additional common share (a “Warrant Share“) at a price of Cdn$0.10 per Warrant Share for the first two years and thereafter at a price Cdn$0.15 per Warrant Share. As announced on July 2, 2014, the Company has already issued 21,988,200 Units to raise gross proceeds of Cdn$1,315,090 in the first Tranche.

The Company closed the second and final tranche of the Private Placement on July 29, 2014.

The Company plans to use the proceeds of the Private Placement to fund exploration commitments associated with the Company’s Production Sharing Contracts in Kenya and Guinea, retirement of certain debt, and general working capital purposes.

About Simba Energy: Simba Energy Inc. is establishing itself as a diversified international explorer and developer with a growing oil and gas acreage position in Africa, with onshore Production Sharing Contracts in Kenya, Guinea and Chad.

ON BEHALF OF THE BOARD
“Robert Dinning”
President & CEO

For further information, contact: Mark Sommer, mark@simbaenergy.ca, Toll Free: 1‐ 855‐777‐4622.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

July 2, 2014, Vancouver, British Columbia. Simba Energy Inc. (TSXV: SMB, Frankfurt: GDA, OTCQX: SMBZF) (the “Company”) has closed the first tranche of a non-brokered private placement raising gross proceeds of $1,315,090 (the “Private Placement”) by the issuance of 21,988,200 units (the “Units“) at a price of Cdn$0.06 per Unit. Each Unit consists of one (1) common share in the capital of the Company and one (1) full share purchase warrant (a “Warrant“). Each Warrant is exercisable for four years to purchase one additional common share (a “Warrant Share“) at a price of Cdn$0.10 per Warrant Share until June 30, 2016 and, thereafter, at a price Cdn$0.15 per Warrant Share until June 30, 2018.

The Company plans to use the proceeds of the Private Placement to fund exploration commitments associated with the Company’s Production Sharing Contracts in Kenya, retirement of certain debt and general working capital purposes.

The Company paid a finder’s fee equal to 7% of the gross proceeds in respect of the subscriptions placed by a finder in cash in the amount of $10,000 and the issuance 307,000 share purchase warrants (“Finder’s Warrants“). Each Finder’s Warrant entitling the holder to purchase one common share of the Company at a price of $0.10 each until June 30, 2016.

Robert Dinning, John Burns, Keith Margetson, James Dick and Hassan Hassan (the “Insiders“), all directors and/or senior officers of the Company, subscribed for a total of 8,815,000 Units. The Company relied upon exemptions from the valuation and minority shareholder approval requirements of Multilateral Instrument 61-101 contained in section 5.5(b) and 5.7(b), respectively, with respect to the issuance of the Units to the Insiders.

All securities issued pursuant to the Private Placement are subject to a four month hold period expiring on November 1, 2014.

About Simba Energy:

Simba Energy Inc. is establishing itself as a diversified international explorer and developer with a growing oil and gas acreage position in Africa, with onshore Production Sharing Contracts in Kenya, Guinea and Chad.

ON BEHALF OF THE BOARD
“Robert Dinning”
President & CEO

For further information, contact: Mark Sommer, mark@simbaenergy.ca, Toll Free: 1‐ 855‐777‐4622.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

This release includes certain statements that may be deemed to be “forward-looking statements”. All statements in this release, other than the statements of historical facts, that address events or developments that the Company expects to occur, are forward-looking statements. Forward looking statements are statements that are not historical facts and are generally, but not always, identified by the words “expects”, “plans”, “could” or “should” occur. Forward looking information in this news release includes, without limitation, all statements regarding the use of proceeds. Although the Company believes that the expectations expressed in such forward‑looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in forward‑looking statements. Factors that cause the actual results to differ materially from those in forward-looking statements include: results of exploration and development activities, regulatory changes, defects in title, availability of materials and equipment, timeliness in government approvals, continued availability of capital and financing and general economic, market and business conditions. The Company cautions the foregoing list of important factors is not exhaustive. Investors and others who base themselves on the Company’s forward-looking statements should carefully consider the above factors as well as the uncertainties they represent and the risk they entail. The Company believes that the expectations reflected in those forward-looking statements are reasonable, but no assurance can be given that these expectations will prove to be correct. Please see the public filings of the Company at www.sedar.com for further information.

June 19, 2014, Vancouver, British Columbia. Simba Energy Inc. (TSXV: SMB, Frankfurt: GDA, OTCQX: SMBZF) (the “Company” or “Simba”) is pleased to report the completion of the flight program portion of the FTG (Full Tensor Gradiometry) survey underway at Block 2A, Kenya, where Simba holds a 100% interest. Preliminary data has identified 11 high ranking and sizeable anomalies in the portions of the Mandera (5) and Anza (6) basins lying within Simba’s concession.

Bell Geospace’s technology package for Gravity Gradiometry™ has resulted in preliminary images of these gravity anomalies. Final interpretation of the data collected from the FTG survey areas covered in Block 2A is expected before the end of July 2014. Additional interpretation and modelling will incorporate existing 2D seismic and drill logs that can further enhance the FTG results.

Bell Geospace’s, Dr. Colm Murphy (Senior Geoscientist) remarked, “…over the past few years our patented technology has proven to be an invaluable tool at a number of recent discoveries in East Africa (eg: Albertine Basin, Uganda).Backed with these data sets and others within the region, our FTG survey at Simba’s Block 2A has yielded a number of very encouraging and high ranking targets that compare favourably with those of recent discoveries.”

“With the FTG we are now able to better target and reduce the area that would otherwise need to be covered by the 2D seismic program being planned as part of the selection process to locate the first test well sites on Block 2A. The final FTG results in Block 2A will lend support to our discussions with potential farm-in partners.” stated Robert Dinning, President & CEO of Simba Energy.

The Mandera basin:

Within the Company’s primary coverage area, the FTG has identified five structural features with independent closures varying in size from 30kms² to +100kms². The largest, having 2D seismic 4 way structural closure and excellent correlation with the FTG and earlier passive seismic survey, is an excellent prospect. The remaining features consist of two “string of pearl type” leads and two FTG structures which are supported by previous passive seismic results. Three prominent gravity lows indicative of thickened sediment packages are juxtaposed alongside the prominent gravity highs.

The Anza basin:

In addition to these preliminary FTG results, the Company is also in receipt of initial interpretations for the 46 line kilometers of 2D seismic previously acquired within Block 2A by Taipan Resources. Having assessed these two complimentary data sets, management is pleased to confirm two plays along the concessions boundary as northern portions of two high ranking prospects already identified in Block 2B.

Approximately one third (+/- 40kms²) of the Badada prospect’s primary area of focus lies north of the concession boundary between Simba’s Block 2A and Block 2B (held by Taipan Resources – w/ 30% interest after farm-out). The first exploration well to test the potential at this prospect is planned to commence Q4-14 (Taipan, May 2014).

10 kms west of Badada, the northern extents of the RFB-4 prospect (Taipan, May 2014) as shown on the 2D structural interpretation also lies within Block 2A.

To the northwest of Badada and RFB-4 prospects, further refined FTG data strongly demonstrates three other high ranking structures lying within the large basinal structure reported in the Company’s previous news release. The basinal structure appears complex with the revealing of a series of gravity highs along strike from a similar response over RFB-4. These are juxtaposed with a series of fragmented gravity lows that form a sharp boundary with the Anza basin bounding fault on their eastern side.

In the image below Residual Gravity is derived from removing signal data for basement rock in order to provide a representation of geologic structure above basement.

Block 2A’s concession area overlies the southern extents of both the Anza basin, one of the largest Tertiary-age rift basins in the East African rift system and with a geological setting similar to the South Lokichar basin where Africa Oil and Tullow have recently had significant discoveries, as well as the Mandera basin, where the Tarbaj-1 well and nearby oil seeps in the south of Block 1 have already confirmed the presence of a petroleum system within Upper Triassic and Jurassic formations.

James W. Dick P Geol., P. Eng., (APEGA) is a qualified person in accordance with National Instrument 51-101 and has reviewed and approves the technical disclosure in this news release.

The above map images that have been included in the body of this news release are also available by visiting the Company’s website or by clicking the following link: www.simbaenergy.ca

About Bell Geospace:

Bell Geospace is a world leader in Full Tensor Gradiometry (FTG) acquisition and interpretation. Bell`s leading edge FTG is a proven cost effective tool used to define potential drill targets and complement the use of 2/D and 3/D seismic. Bell`s FTG greatly reduces the amount and cost of seismic acquisition by only exploring targets identified and graded with FTG.

About Simba Energy:

Simba Energy Inc. is establishing itself as a diversified international explorer and developer with a growing oil and gas acreage position of underdeveloped or not previously exploited assets in Africa, with onshore Production Sharing Contracts in Kenya, Guinea and Chad.

ON BEHALF OF THE BOARD
Robert Dinning”
President & CEO

For further information, contact: Mark Sommer, mark@simbaenergy.ca, Toll Free: 1‐ 855‐777‐4622.

This News Release may contain forward-looking statements based on assumptions and judgments of management regarding future events or results that may prove to be inaccurate as a result of exploration and other risk factors beyond its control, and actual results may differ materially from the expected results. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

JUNE 10, 2014, Vancouver, British Columbia. Simba Energy Inc. (TSXV: SMB, Frankfurt: GDA, OTCQX: SMBZF) (the “Company” or “Simba”) is pleased to announce a non-brokered private placement for gross proceeds of up to Cdn$3.0 million (the “Private Placement”).

The Company is to issue up to 50 million units (the “Units”) at a price of Cdn$0.06 per Unit, with each Unit consisting of one (1) common share in the capital of the Corporation and one (1) full share purchase warrant (a “Warrant”). Each Warrant is exercisable for four years to purchase one additional common share at a price of Cdn$0.10 during the first two year period, or at a price Cdn$0.15 for the next two year period. A hold period of four months and one day from date of issue will apply to all securities issued pursuant to the Private Placement.

Net proceeds from the Private Placement will be used towards funding and exploration commitments associated with the Company’s Production Sharing Contracts in Kenya, retirement of certain debt and general working capital purposes.

The offering is available to residents of Canada, the United States and the United Kingdom pursuant to available prospectus and registration exemptions.

A finder’s fee of 7% cash and 7% share purchase warrants (“Finder’s Warrants”) will be paid and issued in respect of a portion of the gross proceeds raised from the Private Placement. Each Finder’s Warrant will entitle the finder to purchase one common share of the Company at a price of Cdn$0.10 for a period of two years from closing.

About Simba Energy:

Simba Energy Inc. is establishing itself as a diversified international explorer and developer with a growing oil and gas acreage position in Africa, with onshore Production Sharing Contracts in Kenya, Guinea and Chad.

ON BEHALF OF THE BOARD
“Robert Dinning”
President & CEO

For further information, contact: Mark Sommer, mark@simbaenergy.ca, Toll Free: 1‐ 855‐777‐4622.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.