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Simba Energy updates on block 2a

May 29, 2014, Vancouver, British Columbia. Simba Energy Inc. (TSXV: SMB, Frankfurt: GDA, OTCQX: SMBZF) (the “Company” or “Simba”) is pleased to provide shareholders an update on it’s current activities on Block 2A in Kenya.

The Company’s airborne FTG survey (Full Tensor Gradiometry) commenced daily flights about 10 days ago and is expected to be completed in the next 7-10 days. The program has been expanded somewhat to cover a new and significant target area identified by preliminary FTG results received to date. The aircraft initially covered the secondary smaller survey area (850kms²) at the southwest boundary of Block 2A in order to investigate the area within the Anza basin. Results to date for the FTG survey in this area have been encouraging.

In conjunction with the commencement of the FTG program on Block 2A, the Company advises it has engaged Campbell & Walker Geophysics Ltd. (Christopher ‘Kit’ Campbell, P. Geo.) to provide Project Management & QA/QC for the Company’s FTG survey. Kit Campbell has worked extensively with airborne gravity gradiometry in the East African Rift System as well as throughout North and South America for many years. Mr. Campbell’s expertise in this field is well known and ensures that an effective program for the Company will be achieved.

Considered with the known geology and modeling of the Anza basin in this area, the preliminary data from these FTG results indicate the existence of two basinal structures within the basin’s margin:

  • A new large basinal structure identified with an area of +/-100 kms² in the southwestern most extents of Simba’s concession.
  • A second basinal structure of +/- 40kms² lying about 15kms to the southeast appears coincident with the northern extents of the Badada prospect in Block 2B (just south of Block 2A) controlled by Taipan Resources Inc., w/ Premier Oil farming in for 55%.

The FTG survey coverage will be expanded by +/- 100kms² to the northeast of the new target area in order to provide full gradiometry coverage through to the known extents of the Anza basin’s margins controlled by Simba. See also map below:

The Company’s larger and primary survey area in Block 2A provides coverage over the Mandera basin, lying just SE from the City of Wajir. This area is now in the final stages of data acquisition, with total survey completion expected within a week’s time. Final Results and reporting are anticipated to be available within 3–4 weeks once all data acquisition is complete.

Resulting data from this FTG survey will serve to provide better targeting and more cost-effective 2-D seismic acquisition planned for later in the year, preparatory to final drilling decisions.

Simba has had discussions with a number of companies expressing interest in farming directly in to Block 2A to undertake a 2D seismic program with a drilling commitment, based on these FTG results currently being generated.” stated Robert Dinning, President & CEO.

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.

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, please 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.

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Simba Energy to commence ftg survey on block 2a in Kenya

APRIL 22, 2014, Vancouver, British Columbia. Simba Energy Inc. (TSXV: SMB, Frankfurt: GDA, OTCQX: SMBZF) (the “Company” or “Simba”) advises that it has signed an agreement with Bell Geospace to conduct a comprehensive airborne FTG (Full-Tensor Gradiometry) survey on Block 2A in Kenya. It is expected to start in early May and be completed approximately 30 days later.

The program contemplates flying 6,044 line kms over two target areas within Block 2A: ~2,150kms² over the central portion of the block covering the Company’s earlier defined primary and secondary target areas SSE from the city of Wajir and within the southern extents of the Mandera basin, and ~850kms² along the block’s southern boundary over the eastern margins of the Anza basin. It is expected that the resulting data from this FTG survey will serve to provide for a more focused and cost effective 2D seismic well location targeting program planned for later this year.

The data from this FTG survey will also be combined with some additional 2D seismic data expected shortly from Taipan Resources who were recently granted permission to acquire limited 2D seismic on Block 2A. Once received, the Company will begin interpretation of the processed 2D seismic data along with the FTG data.

“The Company has seen a significant increase in drilling activity adjacent to Block 2A and this has led to increased interest by potential farm-in partners to drill our Block 2A.”, commented Robert Dinning, President & CEO.

Located just to the northwest of Block 2A’s northwest boundary, Africa Oil have already spudded an exploration well at the Sala prospect in Block 9 that should complete soon and could provide insight into the prospectivity for a “string of pearls” accumulation along the eastern margins of the Anza basin.

There is also Taipan’s Badada (formerly Pearl) prospect which is also along the Anza basin’s eastern margin and lies on the southern boundary of Block 2A and will be drilled later in the year. In addition to this, in the southern part of Block 1, directly to the north of Block 2A, Afren has had exploration success having identified six leads and prospects with plans to spud a first well at their Khorof prospect later this year.

The Company is currently in discussions with various Companies who have expressed interest in working with Simba by farming directly into Block 2A and conducting both the seismic program and in drilling the first wells under the terms of a farm-in agreement.

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 hydrocarbons 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.

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, please 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.

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Additional 2d seismic acquired on Simba Energy’s block 2a

February 24, 2014, Vancouver, British Columbia. Simba Energy Inc. (TSXV: SMB, Frankfurt: GDA, OTCQX: SMBZF) (the “Company” or “Simba”) announces that it has granted permission to Taipan Resources Inc. (“Taipan”) operator of Block 2B in Kenya, to carry out 2-D seismic in an area located in the southwest corner of Simba`s Block 2A just to the north of their Pearl prospect.

Taipan, having already completed a small amount 2D seismic (22 line kilometers in total) in the southwest corner of Block 2A and provided the processed data to the Company, have requested permission to conduct an additional 24 line kilometers of 2D seismic within this same area. This work will comprise six lines, mostly ‘tails’, and is part of Taipan’s current seismic program that aims to finalize a drilling location for their first exploration well planned for the fourth quarter of 2014 at the Pearl prospect which lies just south of the Company’s Block 2A boundary. This work is expected to be completed by the end of February and the seismic data will be forwarded to Simba at the conclusion of processing.

Once interpreted, this seismic data will serve to complement Simba’s existing dataset as well as future seismic work contemplated by the Company’s recently announced LOI to conduct further exploration on block 2A. This includes FTG (Full Tensor Gravity) and 2D seismic coverage over the area of the Anza Basin underlying the southwest of Simba’s Block 2A. FTG has been the most effective exploration tool for identifying prospects throughout the East African rift system.

“Africa Oil’s upcoming well on the Sala prospect in Block 9 and Taipan`s planned Pearl-1 well on the south border of Block 2A strongly suggest that a potential “String of Pearls” trend passes through the south western corner of our block, as both prospects are located at the basin edge where this type of play is found. The Anza basin`s edge passes through the western part of Block 2A”, remarked Simba’s CTO & Director, James W. Dick P. Geol., P. Eng.

The Anza basin is one of the largest Tertiary-age rift basins in the East African rift system and demonstrates a similar geological setting to the South Lokichar basin where Tullow and Africa Oil have recently had significant discoveries.

James W. Dick, director of the Company and qualified person in accordance with National Instrument 51-101, has reviewed and approves the technical disclosure in this news release.

About Simba Energy:

Simba Energy Inc. is a Pan‐African oil and gas exploration company with onshore PSCs in Kenya, Guinea and Chad. Simba focuses on onshore oil and gas exploration in areas that are under developed or not previously exploited.

Simba is establishing itself as a diversified international explorer and developer with a growing oil and gas acreage position in Africa. The concessions have been chosen for their hydrocarbon bearing potential and their ability when demonstrated as productive to accrete significant value for shareholders.

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

For further information, please 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.

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Simba announces shares for debt

February 14, 2014, Simba Energy Inc. (TSXV: SMB, Frankfurt: GDA, OTCQX: SMBZF) (“Simba”) announces that it has completed the issuance of 1,181,243 common shares at a price of deemed price of $0.06 per share in settlement of debt in the amount of $70,874.55 owed by Simba to certain creditors for past services provided by such creditors. The debt settlement was originally announced on December 18, 2013. These shares will be subject to a four month hold period which expires on May 31, 2014.

About Simba Energy:

Simba Energy Inc. is a Pan-African oil and gas exploration company with onshore PSCs in Kenya, Guinea and Chad. Simba focuses on onshore oil and gas exploration in areas that are under developed or not previously exploited.

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

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

For further information, please contact: Mark Sommer, mark@simbaenergy.ca, Toll Free: 1- 855-777-4622, or Paul Vonk, pvonk@simba-energy.com,+44 (0) 20 7930 8678;or visit www.simbaenergy.ca; or Financial Public Relations (UK), Lionsgate Communications, Jonathan Charles, jcharles@lionsgatecomms.com, +44 (0)7791 892509.

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.

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Simba signs farmout letter of intent for guinea blocks 1 & 2

January 28, 2014, Vancouver, B.C., Canada. Simba Energy Inc. (TSXV: SMB, Frankfurt: GDA, OTCQX: SMBZF) (“Simba”) is pleased to announce that it has signed an exclusive Letter of Intent (LOI) to farmout its Production Sharing Contract (PSC) for Blocks 1 & 2 in onshore Guinea with a private investor group (the Investor Group) based in Calgary, Alberta. The Investor Group can earn up to a 45% interest in Simba’s Guinea PSC with a total investment of US$6,500,000.

Simba is an onshore pan-African oil and gas explorer with assets in Kenya Guinea and Chad. The Investor Group includes some participants from a group that recently signed the Kenya farmout LOI with Simba (see January 8, 2014 news release).

The principal commercial terms of the farmout LOI are highlighted as follows:

  • After execution of the LOI, Simba will receive US$700,000 for cost recovery.
  • Upon completion of the Definitive Agreement(s), the Investor Group will spend US$3,800,000 for an airborne FTG (Full Tensor Gravity Gradiometry) survey that will cover a minimum of 9,000 kms2. This total initial expenditure of US$4,500,000 will earn the Investor Group a 25% interest in Simba’s Guinea PSC.
  • The Investor Group has the option to earn an additional 20% interest by carrying out a 2D seismic program with a minimum expenditure of US$2,000,000 to bring the blocks to drill ready status.
  • Upon completion and interpretation of seismic results, both parties mutually agree to either drill a first exploration well, with each party responsible for its own share of costs, or; to farmout the project to other third parties on mutually acceptable terms.

Robert Dinning, President & CEO of Simba, stated, “This LOI provides immediate recovery of expenses to Simba and accelerates the completion of an FTG airborne survey. The LOI also provides the Investor Group with an option to carry out additional seismic surveys to support the selection of specific drill targets in Guinea. The US$700,000 payment allows Simba to recover a portion of its costs incurred in Guinea to date. This LOI and the pending Definitive Agreement allows the Guinea project to advance while Simba and its shareholders retain significant interests in Blocks 1 & 2. These blocks are highly prospective given the exploration work completed to date by the Company and should provide Simba with drill ready targets later this year. It is expected that the Definitive Agreement(s) will replace the LOI before the end of Q1 2014.”

Simba is off to a very positive start in 2014. Simba has now signed farmout LOIs for its Kenya and Guinea PSCs worth an estimated US$15.1 million in total, and Simba’s management team is working to sign further LOI’s to farm out additional PSC’s in the first half of 2014.

Completion of the farmout is subject to normal Government approvals and any required receipt of acceptance for filing by the TSX Venture Exchange.

About Simba Energy:

Simba Energy Inc. is a Pan-African 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.

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

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

For further information, contact: Ph. 604-641-4450,or visit: www.simbaenergy.ca , or email: info@simbaenergy.ca, or Mark Sommer, Toll Free: 1-855-777-4622.

We seek safe harbor.

Neither 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 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.

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SIMBA PROVIDES UPDATE ON GUINEA & KENYA

January 14, 2015, Vancouver, British Columbia. Simba Energy Inc. (TSXV: SMB, Frankfurt: GDA, OTCQX: SMBZF) (the “Company” or “Simba”) is pleased to update shareholders on activities at both its onshore Guinea concession, Blocks 1 & 2, where Simba currently holds a 60% interest on the PSA (Production Sharing Agreement) and its 100% interest in onshore Block 2A, Kenya.

In regard to the Company’s onshore Blocks 1 & 2 in Guinea, a Joint Committee meeting was held between officials from OGRPP (de l’Office Guineen de Recherche et de Promotion Petrolieres) and Simba Energy in order to review the status of the PSA and update the Joint Committee on the work program carried out by Simba for the current exploration period.

The Company is pleased to confirm it has fulfilled all requirements and work obligations to date and has also received OGRPP’s consent to release the results of the 2013 geochemical sampling program completed as part of a second phase of work after the initial seep survey in 2012. The Company collected 1,550 geochemical samples on 500 meter spacing over 29 traverses that covered an extensive portion of the concession. Actlabs (Ancaster, Ontario) carried out sample testing and mapping of these results using their Soil Gas Hydrocarbon (SGH) analyses. Results were very positive identifying six separate & sizeable prospective target areas. Of these, two areas T1 (700+kms²) & T2 (+/-200kms²) were ranked highly by Actlabs, at a 5.5 out of a possible 6.0 for T1 and 4.0 out of a possible 6.0 for T2, as being related to an oil play and clearly demonstrating an excellent relationship between potential traps and source rock. Block 1 & 2’s entire concession area lies within a key portion of the Bove Basin that hosts Silurian shales and an extensive active petroleum system. Additional slides illustrating these results have been added to the presentation available on Company’s website.

“This SGH survey and the seep reconnaissance independently confirm the presence of an active petroleum system and supports an excellent source to trap relationship as well as the possibility of a very large and relatively shallow petroleum system. It is planned to conduct a comprehensive FTG survey on the best two leads while also getting coverage over other targets. 2D seismic will then be acquired over the most interesting features. We will look to pursue this exploration work as early as possible.” remarked Simba’s Chief Technical Officer and Director,

This FTG (Full Tensor Gradiometry) will be modeled on the FTG program that the Company recently executed on Block 2A in Kenya, where the data produced valuable/visible results that confirmed a number of significant leads and prospects which are now targeted for further 2D seismic to finalize drilling locations.

“These are very positive results for an asset we’ve always maintained best underscores our portfolio strategy, to focus on underexplored large world class onshore basins that offer potential for very large reserves of conventional oil and low production costs. In light of these current market conditions that are rationalizing the competitiveness of these higher cost unconventional supplies, Simba’s portfolio represents exactly what the market will be looking for going forward. Consequently our farm-out negotiations continue to advance accordingly.”, stated Robert Dinning, President & CEO.

Additionally, in Kenya, it has recently been announced that drilling has commenced on Badada-1, the first exploration well in the Badada prospect, the northern extents of which straddles Simba’s Block 2A’s southern boundary. Badada-1 is being drilled in Block 2B, just south of Block 2A, by JV partners Premier Oil (55%), Taipan Resources (30%) and Tower Resources (15%) to test the “String of Pearls” prospective trend that runs along the eastern margin of the Anza basin, from 75 kms to the NW at the Africa Oil’s Sala commercial gas discovery (with oil shows), south through the western portion of Simba’s Block 2A, into Block 2B’s Badada prospect and further south to Anza’s southern extents. Completion and results are expected within 90 days. A successful result would significantly de-risk the other structures identified within the Anza basin portion of Simba’s concession.

James Dick., P Geol., P. Eng., (APEGA) who is a qualified person in accordance with National Instrument 51-101 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 at +1-604-629-9647 or Toll Free: 1‐855‐777‐4622, or info@simbaenergy.ca.

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

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Simba energy signs exclusive letter of intent for farmout of block 2a in Kenya

January 8, 2014, Vancouver, B.C., Canada. Simba Energy Inc. (TSXV: SMB, Frankfurt: GDA, OTCQX: SMBZF) (“Simba” or the “Company”) is pleased to announce that it has signed an exclusive letter of intent (the “LOI”) with a private group (the “Group”) based in Calgary, Alberta to farmout up to 40% of Simba’s interest in the Production Sharing Contract (PSC) for Block 2A, onshore Kenya, for a total commitment of US$8.6 million.

The principal commercial terms of the farmout are highlighted as follows:

  • US$2.0 million for cost recovery will be placed in trust immediately upon signing of the definitive agreement. These funds will be released to Simba once the farmout agreement is approved by the Kenya Government. This payment for cost recovery will entitle the Group to a 10% interest in the PSC.
  • Simba will be carried through the funding and completion of US$6.6 million in exploration work to include a minimum of 421 line kilometers of 2D seismic that is to be carried out in 2014.
  • In total, the Group will earn a 40% interest in Simba’s Kenya PSC upon payment of the US$2.0 million and completion of the US$6.6 million work program.
  • Upon completion and interpretation of seismic results both parties mutually agree to either drill a first exploration well with each party responsible for its own share of costs, or; to farm out to other third parties on mutually acceptable terms.

Robert Dinning, CEO of Simba, stated, “This LOI provides a fully funded and accelerated exploration program through to selecting drill targets and allows Simba to recover US$2.0 million in costs upon completion of the definitive agreement and host Government approval. The Company and its shareholders retain significant interest in Block 2A. This block is highly prospective given the exploration work completed to date by the Company and exploration activities underway by neighbouring energy companies, including: Tullow, Africa Oil, Marathon, Afren and Taipan on the adjacent blocks to 2A in the Anza basin. The Anza basin is one of the largest Tertiary-age rift basins in East Africa. We expect the definitive agreement to be signed in Q1 2014 – and for the 2014 work program to begin thereafter.”

Completion of the farmout is subject to normal host Government approvals and receipt of acceptance for filing by the TSX Venture Exchange.

The Company and the Group have exchanged drafts of a second letter of intent in reference to the Company’s concessions in Guinea. This second letter of intent defines the intention of the parties to enter into a second farmout agreement that will define the Group’s participation in Simba’s concessions in Guinea. This second letter is expected to be signed before month end January 2014.

About Simba Energy:

Simba Energy Inc. is an independent Canadian-based oil and gas exploration company with active onshore PSCs in Kenya, Guinea and Chad. Simba is exploring and developing onshore oil and gas prospects in under explored regions across Africa.

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

For further information, contact: Ph. 604-641-4450,or visit: www.simbaenergy.ca , or email: info@simbaenergy.ca, or Mark Sommer, Toll Free: 1-855-777-4622.

We seek safe harbor.

Neither 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 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.

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Simba Energy Provides Update

December 18, 2013, Vancouver, B.C., Canada. Simba Energy Inc. (TSXV: SMB, Frankfurt: GDA, OTCQX: SMBZF) (“Simba” or the “Company”) announces that it has terminated negotiations with Ajax Exploration Ltd. (“Ajax”) of a definitive farmout agreement in respect of a farmout of a 66% interest and operatorship of the Company’s 100% owned Block 2A, onshore Kenya. The parties originally executed a memorandum of understanding (as disclosed in the Company’s news release of May 13, 2013) which contemplated that Ajax would carry out additional exploration and drill one exploration well. The parties subsequently attempted to complete negotiations for a definitive farmout agreement but were unable to come to agreement on an acceptable program. Accordingly, both parties have mutually decided to terminate negotiations.

The Company further advises it is currently in advanced negotiations with another party regarding a potential farm-in on two of the assets in the Simba portfolio and anticipates an announcement in the near future.

Simba also announces that, subject to regulatory approval, certain creditors of the Company have agreed to accept an aggregate of 1,887,493 common shares of Simba having a deemed value of $0.06 per share in settlement of debt owed by Simba for past services provided by such creditors.

About Simba

Simba is a Pan‐African oil and gas exploration company with onshore PSCs in Kenya, Guinea and Chad. Simba focuses on onshore oil and gas exploration in areas that are under-developed or not previously exploited.

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

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

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

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.

Forward-looking Information

Certain statements made and information contained herein may constitute “forward-looking information” within the meaning of applicable Canadian securities legislation. These statements relate to future events or the Company’s future performance, business prospects or opportunities. Forward-looking information includes, but are not limited to, statements with respect to the status of negotiations with another party regarding a potential farm-in on two of the assets in the Simba portfolio and the anticipation of an announcement in the near future in respect thereof. Often, but not always, forward-looking information can be identified by the use of words such as “plans”, “expects” or “does not expect”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates” or “does not anticipate”, or “believes” or variations of such words and phrases or words and phrases that state or indicate that certain actions, events or results “may”, “may have”, “could”, “would”, “might” or “will” be taken, occur or be achieved. Although management believes that the assumptions made and the expectations represented by such forward-looking information are reasonable, there can be no assurance that forward-looking information herein will prove to be accurate. Forward-looking information by its nature is based on assumptions and involve known and unknown risks, uncertainties and other factors which may cause Simba’s actual results, events or achievements to be materially different from those anticipated by such forward-looking information. Simba believes that the expectations reflected in the forward-looking information is reasonable, but no assurance can be given that these expectations will prove to be correct and such forward-looking information should not be unduly relied upon. The forward-looking information involves risks and uncertainties relating to, among other things, the ability of Simba to come to terms with the party with which it is currently negotiating, changes in oil prices, results of exploration and development activities, uninsured risks, regulatory changes, defects in title, availability of materials and equipment, timeliness of government or other regulatory approvals, actual performance of facilities, availability of financing on reasonable terms, availability of third party service providers, equipment and processes relative to specifications and expectations and unanticipated environmental impacts on operations. Actual results may differ materially from those expressed or implied by such forward-looking information. Simba does not intend, and does not assume any obligation, to update the forward-looking information, except as required by applicable laws.

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Simba postpones AGM and adopts advance notice policy

December 16, 2013, Vancouver, B.C., Canada. Simba Energy Inc. (TSXV: SMB, Frankfurt: GDA, OTCQX: SMBZF) (“Simba” or the “Company”) announces the postponement of its 2013 annual general meeting (the “Meeting”) until March 14, 2014 and the approval and adoption by its board of directors of an advance notice policy (the “Policy”).

The Company received approval from the British Columbia Registrar of Companies to extend the date by which it must hold the Meeting by three months. The Company has postponed the Meeting from December 18, 2013 until March 14, 2014. The specific time and location of the Meeting will be announced in an Amended Notice of Annual General Meeting of Shareholders.

The purpose of the Policy is to provide shareholders, directors and management of Simba with a clear framework for nominating directors of the Company. Simba is committed to: (i) facilitating an orderly and efficient annual general or, where the need arises, special meeting, process; (ii) ensuring that all shareholders receive adequate notice of the director nominations and sufficient information regarding all director nominees; and (iii) allowing shareholders to register an informed vote after having been afforded reasonable time for appropriate deliberation. The Policy is intended to further these objectives.

The Policy, among other things, includes a provision that requires advance notice to the Company in certain circumstances where nominations of persons for election to the board of directors are made by shareholders of the Company. The Policy fixes a deadline by which director nominations must be submitted to the Company prior to any annual or special meeting of shareholders and sets forth the information that must be included in the notice to the Company. No person will be eligible for election as a director of Simba unless nominated in accordance with the Policy.

In the case of an annual meeting of shareholders, notice to the Company must be made not less than 30 days and not more than 65 days prior to the date of the annual meeting; provided, however, that, in the event that the annual meeting is to be held on a date that is less than 50 days after the date on which the first public announcement of the date of the annual meeting was made, notice may be made not later than the 10th day following such public announcement.

In the case of a special meeting of shareholders called for the purpose of electing directors (whether or not called for other purposes), notice to the Company must be made not later than the 15th day following the day on which the first public announcement of the date of the special meeting was made.

The full text of the Policy is available under the Company’s profile at www.sedar.com and on the Company’s website (www.simbaenergy.ca) or upon request by contacting the Company’s Secretary at (604) 641-4450.

The Policy is in effect as at the date of this news release and will apply with respect to the Meeting. Pursuant to the terms of the Policy, the Company will seek shareholder ratification of the Policy at the Meeting. If the Policy is not confirmed at the Meeting, the Policy will terminate and be of no further force and effect following the termination of the Meeting.

About Simba

Simba is a Pan‐African oil and gas exploration company with onshore PSCs in Kenya, Guinea and Chad. Simba focuses on onshore oil and gas exploration in areas that are under developed or not previously exploited. Simba’s objective is to establish itself as a diversified international explorer and developer with a growing oil and gas acreage position with significant upside potential for shareholders.

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

ON BEHALF OF THE BOARD

“Robert Dinning”, President & CEO.

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

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.

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Ratification of simba energy’s production sharing contract in Chad

June 25, 2013, Vancouver, B.C., Canada. Simba Energy Inc. (“Simba” or the “Company”) (TSXV: SMB, Frankfurt: GDA, OTCQX: SMBZF), the pan-African oil & gas explorer, is pleased to announce that the Production Sharing Contract (PSC) between the Government of Chad and Simba Energy has been ratified.

The PSC covers three blocks: Chari Sud Block I (6,217 km²), the southern 50% of Chari Sud Block II (3,711 km²) and Erdis III (15,270 km²).

PSC Ratification

The ratified PSC confirms Simba’s exclusive right and authority to carry out all petroleum exploration, development and production activities in the defined contract areas.

The Chari Sud Blocks lie on Chad’s southern border, just southeast of the Mangara and Badila oil fields where Caracal Energy Inc. (formerly Griffiths Energy) and Glencore’s proven reserves are currently in advanced stages of appraisal and production development.

Erdis III is located in the north of Chad in the south western portion of the Erdis basin, known in Libya as the Kufra basin, where there have been discoveries. Recent gravity across Erdis III indicates the presence of a major depo center on the block with a sediment source to the east and the presence of deep mature source beds supporting the Company’s view of the block’s prospectivity.

As previously announced (in October 2012), the PSC for all three blocks has a first exploration phase of five years and a second exploration phase of three years. The first exploration phase requires geological and geophysical studies to include processing and reinterpretation of existing 2D seismic, acquisition of at least 750 kilometres of new 2D seismic, as well as 400 km² of 3D seismic (or 2D equivalent) to determine the range of possible drilling opportunities for the second phase that requires two exploration wells.

Hassan Hassan, Managing Director of Operations stated, “We’re delighted to have the PSC ratified by the National Assembly and the President of Chad. It enables us to embark on an exciting exploration program on this highly prospective acreage. We have an experienced technical team in place and the exploration program is presently being finalised. An early stage farmout to accelerate this program is one of the options currently under consideration and discussions with interested parties on a potential partnership are ongoing.”

About Simba Energy Inc.

Simba Energy Inc. is an international oil & gas exploration company focused on onshore Pan-African opportunities. The Company holds assets in Kenya, Chad and Guinea.

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

For further information, please contact: Ph. 604-641-4450; or visit: www.simbaenergy.ca , or email: info@simbaenergy.ca, or Mark Sommer, Toll Free: 1-855-777-4622. Or;
Financial Public Relations (UK), Lionsgate Communications, Jonathan Charles, jcharles@lionsgatecomms.com , +44 (0)7791 892509.

We seek safe harbour.

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