News

Vancouver, B.C., Canada – December 30, 2010 – Simba Energy Inc. (the “Company”) is pleased to announce it has arranged, subject to the approval of the TSX Venture Exchange, a private placement of up to 25,000,000 units at $0.08 per unit for a total gross proceeds of up to $2,000,000. Each unit consists of one common share and one half of a transferable share purchase warrant, each warrant exercisable into one additional common share for one year from the date of issue at a price of $0.16 per share. The proceeds of the private placement will be used for general working capital.
Finder’s fees may be payable in whole or part on the private placement in accordance with the policies of the TSX Venture Exchange

Simba Energy is a Vancouver, B.C. based oil and gas exploration company focusing on strategic hydrocarbon opportunities in Africa (Liberia, Ghana and Mali). This region has shown increased promise for development of new hydrocarbon deposits. The Company holds the first and only onshore Hydrocarbon Reconnaissance Permit issued in the country of Liberia for 1,366 sq. kms covering the entire onshore extent of the sedimentary basin known as the Robert-Bassa Basin. In having advanced the license to now warrant acquisition of seismic data Simba has exercised its right to convert this license to a Production Sharing Agreement (PSA) with final approval expected in Q1-11. Simba is the first junior resource company to pursue onshore oil and gas opportunities in Liberia since the late 1970’s.

ON BEHALF OF THE BOARD
Robert Dinning, President & CEO

For further information contact Simba Energy Inc., Robert Dinning, Chief Executive Officer at 604 641 4450, or:

Conduit PR (London)
Jonathan Charles
jonathan@conduitpr.com
+44 (0)20 7429 6611
+44 (0)7791 892509
Ethos Consulting Inc. (Vancouver)
Investor Relations
1-888-818-1365
www.ethosir.com

For more information please visit: www.simbaenergy.ca

December 13, 2010, Vancouver, British Columbia, Simba Energy Inc. (TSX.V: SMB) (the “Company” or “Simba”) is pleased to announce it has submitted an application for a (hydrocarbon) Production Sharing Agreement (PSA) on Block 3 in Mali, West Africa. The block consists of a 22,500 square kilometre parcel entirely within the central part of the 1.4 million square kilometer Taoudeni Basin that straddles the north/south boundary with Mauritania. Block 3’s western boundary lies on the border with Mauritania where Total SA (NYSE – TOT) recently announced a discovery.

Substantial seismic and exploration was carried out on Block 3 in recent years. The consensus amongst petroleum industry experts in the region is that the basin’s perimeter strongly demonstrates a Silurian source kitchen (as evidenced with black shales in the Carboniferous and sedimentary extents of the depression’s perimeter).

Significant natural gas and oil occurrences from several wells drilled in the area are documented in scientific publications. Total Organic Content (TOC) reported in the Taoudeni Basin varies from 5 to 20%. All four wells drilled in the basin from 1974 through to 1985 (Ouassa and Abolag in Mauritania, Yarba and Atouila in Mali) resulted in Hydrocarbon showings, indicative of the infracambrian stromatolitc limestone petroleum system and with source rocks composed of paleozoic black shales.

Robert Dinning, President & CEO, remarks, “After many months of work assessing and pursuing this asset, we are pleased to have submitted this application. The Taoudeni Basin is the largest underexplored basin for petroleum in West Africa. Eni S.p.A. (NYSE – E) carried out extensive seismic exploration over the entire concession area. In our assessment we have concluded Block 3 represents some of the strongest potential amongst the available blocks. We look forward to the next stage in the application’s review process.”

James Dick P.Geo., P.Eng., Director of the company, is a Qualified Person in accordance with National Instrument 51-101, and has reviewed and accepts the technical disclosure of this press release.

ON BEHALF OF THE BOARD
Robert Dinning, President & CEO
Simba Energy Inc.

For more information, contact:
Suite 1128 – 789 West Pender St.
Vancouver, BC V6C 1H2 Canada
+1 (604) 641-4450
www.simbaenergy.ca
Ethos Consulting Inc.
Investor Relations
1-888-818-1365
www.ethosir.com

Simba Energy is a Vancouver, B.C. based oil and gas exploration company focusing on strategic hydrocarbon opportunities in Africa (Liberia, Ghana and Mali). This region has shown increased promise for development of new hydrocarbon deposits. The Company holds the first and only onshore Hydrocarbon Reconnaissance Permit issued in the country of Liberia for 1,366 sq. kms covering the entire onshore extent of the sedimentary basin known as the Robert-Bassa Basin. In having advanced the license to now warrant acquisition of seismic data Simba has exercised its right to convert this license to a Production Sharing Agreement (PSA) with final approval expected in Q1-11. Simba is the first junior resource company to pursue onshore oil and gas opportunities in the Liberia since the late 1970’s.

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

November 9, 2010, Vancouver, British Columbia, Simba Energy Inc. (TSX.V: SMB) (the “Company” or “Simba”) is pleased to announce the engagement of Ethos Consulting Inc. (“Ethos”) to perform corporate advisory and investor relations services for the Company, subject to TSX Venture Exchange approval. The contract will be effective November 8, 2010 and active for a period of twelve months.

Ethos has been retained to assist the Company with a strategic mix of corporate communications and investors relations services in order to increase investor awareness and introduce the Company to private investors, analysts, brokers, fund managers, trade media, newsletter writers and other key influencers in the global oil and gas industry and international investment community.

Under the terms of their agreement, Simba will pay Ethos $7,500 per month and grant options to purchase up to 500,000 shares at a price of $0.10 per share for two years. In accordance with exchange regulation, these options will vest over a period of 12 months.
Robert Dinning, President, and Chief Executive Officer of Simba remarks; “Senior Management is keen to have a partner in an investor relations capacity whom has demonstrated a strong understanding of our sector and the support we will require executing our stated strategy. We have been very active with efforts to convert our Onshore Hydrocarbon Reconnaissance License in coastal Liberia into a Production Sharing Agreement so we are looking forward to growing global awareness of Simba as we continue our work to acquire and develop strategic oil and gas assets in Africa with help from the Ethos team.”

“Robert Dinning”
President and CEO
Simba Energy Inc.

For more information, contact;
Suite 1128 – 789 West Pender St.
Vancouver, BC V6C 1H2 Canada
+1 (604) 641-4450
info@simbaenergy.ca
www.simbaenergy.ca

Ethos Consulting Inc.
Investor Relations
1-888-818-1365
info@ethosir.com

Simba Energy is a Vancouver, B.C. based oil and gas exploration company, focused on hydrocarbon opportunities in Africa, including the countries of Liberia, Ghana and Mali. This region has shown increased promise for development of new hydrocarbon deposits. Simba Energy has already secured a Hydrocarbon Reconnaissance Permit in Liberia; the permit area extends over an area of 1,366 sq. kms and covers the entire onshore extent of the sedimentary basin known as the Robert-Bassa Basin. Simba is the first junior resource company to pursue onshore oil and gas opportunities in the West Africa region since the late 1970’s.

Based in Vancouver, British Columbia, Ethos Consulting Partners (www.ethosir.com) was founded to provide a full range of capital market and investor relation services personalized to the needs of pre-IPO and to publicly listed North American based micro to small-cap companies. Ethos is wholly owned by Mr. Daniel Terrett, Mr. Nicholas Horsley and Mr. Kevin Beaulieu, corporate communications and investor relations professionals with a combined 20 years of experience assisting numerous small-cap corporations gain coverage and recognition within the global investment community.

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.

Vancouver, BC, Canada – October 21, 2010 – Simba Energy Inc. (TSX.V: SMB), the oil and gas exploration company with a focus towards the African countries of Liberia, Mali, and Ghana, announces the following update on its activities:

Mr. Robert Dinning, President and CEO, is pleased to report that Simba Energy Inc. has successfully hosted a delegation from the National Oil Company of Liberia (NOCAL) at its Head Office in Vancouver, Canada. The purpose of the visit was to review Simba`s application to convert its hydrocarbon reconnaissance permit to a Production Sharing Agreement (PSA).

Robert Dinning remarks, “The Company was able to demonstrate the merits of Simba`s PSA application to the satisfaction of these officials and is excited to be moving forward with the company’s targeted goals.” The application is now before the NOCAL technical committee for review.

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

For further information contact Simba Energy Inc., Robert Dinning, Chief Executive Officer at 604 641 4450, or:
Conduit PR (London)
Jonathan Charles +44 (0)20 7429 6611
+44 (0)7791 892509

(TSX.V: SMB) Simba Energy Inc., through its Liberian subsidiary company, holds Hydrocarbon Reconnaissance License No. NR-001 for onshore coastal Liberia in the Roberts-Bassa basin. This onshore license covers an area of 1,366 sq. kms of the onshore coastal strip of Liberia and, according to outcrop data produced by the US Geological Survey, indicates that this area is connected laterally and down-dip with the West African – Atlantic conjugate continental margin.

Vancouver, BC, Canada – October 16, 2010 – Simba Energy Inc. (the “Company”) is pleased to announce that further to its news releases of September 13 and October 5, 2010, it has now closed its private placement. The Company issued a total of 12,112,500 units at $0.08 per unit for total gross proceeds of $969,000. Each unit consists of one common share and one transferable share purchase warrant, each warrant exercisable into one additional common share until October 18, 2011, a price of $0.16 per share.

The Company paid a total of $14,880 in cash for finder’s fees in respect of the placement.

All securities issued under the placement are subject to hold periods expiring on February 19, 2011.

Proceeds of the placement will be used for general working capital.

On Behalf of the Board,
“Robert Dinning”, President and CEO

For further information, contact Robert Dinning, President and CEO of the Company at:
rdinning@goldstarresources.com Telephone: (604) 641-4450 Facsimile: (604) 669-9335

THE TSX VENTURE EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

October 12, 2010, Vancouver, British Columbia. Simba Energy Inc. (TSX.V: SMB), the oil and gas exploration company focused on the West African countries of Liberia, Mali and Ghana, announces the following update on its activities:

Simba is pleased to announce that the National Oil Company of Liberia (NOCAL) has issued its formal acknowledgment confirming receipt of the Company’s Application to convert its current Hydrocarbon Reconnaissance License NR-001 into a Production Sharing Agreement (PSA).

Robert Dinning, Chief Executive Officer of Simba, said, “We are pleased to reach this important milestone with the submission of our detailed Production Sharing Agreement application to the National Oil Company of Liberia (NOCAL) to convert our Hydrocarbon Reconnaissance Permit, into a Production Sharing Agreement.”

Mr. Dinning added, “We view recent interest in the area directly offshore in Liberia by Chevron, one of the world’s leading oil companies, as being very positive both for the Company and for oil and gas prospects in Liberia generally. The increased activity offshore in Liberia with Chevron acquiring three large blocks has increased the exploration activity dramatically in the area with five offshore wells planned by mid year in 2011.”

ON BEHALF OF THE BOARD “Robert Dinning”, President & CEO
For further information contact Simba Energy Inc.,
Robert Dinning,
Chief Executive Officer at 604 641 4450,
rdinning@goldstarresources.com

or:

Conduit PR (London)
Jonathan Charles +44 (0)20 7429 6611
rdinning@goldstarresources.com +44 (0)7791 892509

Vancouver, B.C., Canada – June 29, 2010 – Simba Energy Inc. (the “Company”) is pleased to announce that the Company is continuing with its active social responsibility programs in the Margibi and Bassa Counties in the Republic of Liberia.

As part of Simba Energy’s highly successful program, the Company has to date:

Renovated school structures in Marshall and Owengrove;
Renovated community pit latrines;
Renovated community hand pump wells;
Donated school furniture to Margibi and Grand Bassa Counties;
Provided instructional materials to schools in Margibi and Grand Bassa Counties.

The Simba Energy Quick Impact Assistance (QIA) program is part of the Company’s social responsibility initiatives in the health and education areas of the Liberian society. In addition to the most recent corporate social responsibility efforts, Simba Energy has also donated an assortment of medical supplies and drugs to various medical and health institutions such as the Marshall Health Center, the Charlesville Clinic in the town of Margibi and Bokay, as well as numerous clinics in Grand Bassa County.

Simba Energy President and CEO Robert Dinning commented, “Simba is extremely pleased to be in a position to continue our community engagement with the Liberian people through our ‘QIA’ program. We are honoured to partner with the Liberian government in order to bring positive enrichment to the communities in which we are present. We look forward to fostering our relationships in this regard further, and expanding our outreach with the goal of attaining the maximum positive community impact.”

The Company will continue to play an active part in the government of Liberia’s Poverty Reduction Strategies.

Simba Energy, Inc. (TSXV: SMB) (Frankfurt: GDA) is an oil and gas exploration company focused on hydrocarbon opportunities in Africa. Simba Energy has already secured a Hydrocarbon Reconnaissance Permit in Liberia which extends over an area of 1,366 sq. kms and covers the entire onshore extent of the Robert-Bassa Basin.
The Company’s shares are listed on the TSX Venture Exchange under the symbol SMB as well as the Frankfurt Stock Exchange under the symbol GDA. The Simba Energy website is also fully translated in German.

On Behalf of the Board,
“Robert Dinning”, President and CEO

For further information, contact Robert Dinning, President and CEO of the Company at:
rdinning@goldstarresources.com Telephone: (604) 641-4450 Facsimile: (604) 669-9335
www.simbaenergy.ca

THE TSX VENTURE EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

Vancouver, B.C., Canada – June 3, 2010 – Simba Energy Inc. (the “Company”) is pleased to announce that further to its news releases of April 14 and May 17, 2010, it has now closed its private placement. The Company issued a total of 31,222,357 units at $0.07 per unit for total gross proceeds of $2,185,565. Each unit consists of one common share and one transferable share purchase warrant, each warrant exercisable into one additional common share until May 31, 2012, a price of $0.15 per share.

The Company paid/issued the following in finder’s fees in respect of the placement:

• Cash payments totaling $19,619;
• 280,280 non-transferable share purchase warrants, each warrant exercisable into one common share of the Company at a price of $0.15 per share until May 31, 2012;
• 1,240,000 non-transferable share purchase warrants, each warrant exercisable into one common share of the Company at a price of $0.10 per share until May 31, 2012.

All securities issued under the placement are subject to hold periods expiring on October 1, 2010.

Proceeds of the placement will be used for general working capital.

“The completion of this private placement is a significant move forward.” said Simba CEO and President Robert Dinning. “The Company once again is showing the market that with our name change and the refocus that has come with our new management team in place, Simba Energy is pursuing an aggressive path to building shareholder value through the execution of our African targeted strategic focus.”

Simba Energy, Inc. (TSXV: SMB) (Frankfurt: GDA) is an oil and gas exploration company focused on hydrocarbon opportunities in Africa. Simba Energy has already secured a Hydrocarbon Reconnaissance Permit in Liberia which extends over an area of 1,366 sq. kms and covers the entire onshore extent of the Robert-Bassa Basin.

The Company’s shares are listed on the TSX Venture Exchange under the symbol SMB as well as the Frankfurt Stock Exchange under the symbol GDA.

On Behalf of the Board,
“Robert Dinning”, President and CEO

For further information, contact Robert Dinning, President and CEO of the Company at:
rdinning@goldstarresources.com Telephone: (604) 641-4450 Facsimile: (604) 669-9335
www.simbaenergy.ca

THE TSX VENTURE EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

May 17, 2010, Vancouver, B.C., Canada – Simba Energy Inc. (the “Company”) is pleased to announce an increase of its non-brokered private placement.

Pursuant to a news release dated April 14, 2010 the Company announced, subject to the approval of the TSX Venture Exchange, a private placement of up to 14,285,715 units at $0.07 per unit (“Units”) for total gross proceeds of up to $1,000,000. Each Unit consists of one common share and one transferable share purchase warrant, each warrant exercisable into an additional common share for a period of two years at a price of $0.15 per share. The private placement has been increased up to 28 million Units for gross proceeds of $1,960,000. The Company has received all subscriptions and intends to file and seek approval from the TSX Venture Exchange immediately.

The proceeds of the placement will be used for general working capital.

Finder’s fees may be payable in whole or part on the private placement in accordance with the policies of the TSX Venture Exchange.

Simba Energy President and CEO Robert Dinning commented, “The Company is pleased to see the level of market enthusiasm in being a part of this private placement. With our refocused and aggressive targeted strategy being received so positively by the market, the new management team at Simba Energy is looking forward to utilizing our treasury in order to build maximum shareholder value.”

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release. Statements in this release that are forward-looking statements, including the amount of the offering and its completion, are subject to risks and uncertainties, including those specific factors disclosed under the heading “Risk Factors” and elsewhere in the company’s periodic filings with Canadian securities regulators. Such information contained herein represents management’s best judgment as of the date hereof based on information currently available. The company does not assume the obligation to update any forward-looking statement except in compliance with applicable securities laws.

Simba Energy, Inc. (TSXV: SMB) (Frankfurt: GDA) is an oil and gas exploration company focused on hydrocarbon opportunities in Africa. Simba Energy has already secured a Hydrocarbon Reconnaissance Permit in Liberia which extends over an area of 1,366 sq. kms and covers the entire onshore extent of the Robert-Bassa Basin.

The Company’s shares are listed on the TSX Venture Exchange under the symbol SMB as well as the Frankfurt Stock Exchange under the symbol GDA.

On Behalf of the Board,
“Robert Dinning”
President and CEO

For further information, contact Robert Dinning, President and CEO of the Company at:
rdinning@goldstarresources.com Telephone: (604) 641-4450 Facsimile: (604) 669-9335

May 11, 2010, Vancouver, B.C., Canada – Simba Energy Inc. (the “Company”) today announced that Dr. Karim Akrawi has been appointed to its board of directors.

Dr. Akrawi, who holds a PhD degree in Geo-Statistics and Exploration from London-UK and a BSc degree in Petroleum Geology from Baghdad-Iraq, is currently the managing director of Geodynamics, and is responsible for worldwide Geosciences Passive Seismic – Infra Passive Deferential Spectroscopy (IPDS) survey activities encompassing programming, developing, studies, data integration and interpretation.

For the past ten years, Dr. Akrawi has been a major Geoscientist contributor in developing the passive seismic IPDS technology for Reservoir Hydrocarbon Indication (RHI) surveys and through his direction, Geodynamics has conducted over 120 surveys in several oil basins throughout the world. Recently Dr Akrawi has conducted Passive Seismic surveys in Africa including Mali, Cameroon, Nigeria and Sudan. Dr. Akrawi has presented and published several related Passive Seismic IPDS application papers and reports and his work has contributed to the development of the Passive Seismic IPDS technology being used today.

Dr. Akrawi was Senior Reservoir Geologist with Abu Dhabi Company (ADCO) for Onshore Oil Operations from 1980 to 2008 which is currently producing 1.8 million barrels of oil per day. Dr. Akrawi has been involved in most of the exploration areas, discoveries and developed fields in UAE and other parts of the Gulf exploration area. This includes well proposals, drilling operation, supervision, geological studies, preparing conceptual field development plans, economical evaluation, feasibility studies, geological appraisal, probabilistic oil and gas reserves estimates, risk analysis, regional geology, regional exploration, as well as well databases for traded Gulf countries hydrocarbon discovery fields.

“Dr. Akrawi is a welcome addition to the Simba Energy board of directors. Dr. Akrawi is a highly respected and knowledgeable Geoscientist in the Middle East and throughout the world,” said Simba CEO and President Robert Dinning. “He brings to the Company a degree of experience that will add immeasurably to our leadership team and will be a tremendous asset to Simba Energy as we continue to guide the Company towards our key strategic targeted regions in Africa and the Middle East.”

Simba Energy, Inc. (TSXV: SMB) is an oil and gas exploration company focused on hydrocarbon opportunities in Africa. Simba Energy has already secured a Hydrocarbon Reconnaissance Permit in Liberia which extends over an area of 1,366 sq. kms and covers the entire onshore extent of the Robert-Bassa Basin.

The Company’s shares are listed on the TSX Venture Exchange under the symbol SMB as well as the Frankfurt Stock Exchange under the GDA.

On Behalf of the Board,
“Robert Dinning”
President and CEO

For further information, contact Robert Dinning, President and CEO of the Company at:
rdinning@simbaenergy.ca Telephone: (604) 641-4450 Facsimile: (604) 669-9335