News

June 12, 2012, Vancouver, B.C., Canada. Simba Energy Inc. (“Simba” or the “Company”) (TSXV: SMB, Frankfurt: GDA, OTCQX: SMBZF), is pleased to announce that independent petroleum consultant Sproule Associates Limited (“Sproule”) has completed a technical report compliant to NI 51-101 and CPR (Competent Persons Report) standards in respect of Simba’s holding, a 100% interest in the PSC (Production Sharing Contract) for onshore Block 2A, Kenya, comprising 7,802 sq.km within the Madera-Lugh basin, near the juncture with the Anza basin and Lamu Embayment/Basin.

Utilising the existing 500km of 2D seismic, Sproule’s report has defined three prospective leads at four representative seismic horizons. Five horizons have been carried in the interpretation. For this initial assessment, the Gross Unrisked Undiscovered Petroleum Initially In-Place, (Mean) was 1,927.1MMboe and the Gross Unrisked Prospective Resources (Mean) was 445.3MMboe. The Total Gross Risked Mean Prospective Resources was 26.9MMboe. See also table below.

Table: Initial Resource Assessment of Block 2A – First Three Leads

(Source: Sproule and Associates Ltd.)

*Undiscovered Petroleum Initially-In-Place (equivalent to undiscovered resources) is that quantity of petroleum that is estimated, on a given date, to be contained in accumulations yet to be discovered. The recoverable portion of undiscovered petroleum initially in place is referred to as “prospective resources,” the remainder as “unrecoverable.”

**Prospective Resources are those quantities of petroleum estimated, as of a given date, to be potentially recoverable from undiscovered accumulations by application of future development projects. Prospective resources have both an associated chance of discovery and a chance of development. Prospective Resources are further subdivided in accordance with the level of certainty associated with recoverable estimates assuming their discovery and development and may be subclassified based on project maturity.

As its main conclusion, Sproule’s report confirms the exploration potential of Block 2A and supports existing plans to further delineate these leads as proposed with additional passive micro-seismic, 2D or 3D seismic, and gravity gradiometer surveys.

The Company’s exploration plans for Block 2A include:

• Continued data gathering and review of technical reports, satellite imagery, and interpretation of existing 2D seismic, gravity and magnetometer as well as carry out block-wide field geological and geochemical studies.
• GeoDynamics S.R.L. of Italy is conducting an Infrasonic Passive Differential Spectroscopy (IPDS) seismic survey covering 4,000 sq.km with 250 measurement points on a variable spacing.
• Areas of potential identified by the passive micro-seismic survey will be further evaluated by conventional 3D or 2D seismic and/or gravity gradiometer prior to selecting a drill site.
• An additional 1,000 km of 2D seismic .
• Design a drilling program to evaluate top leads derived from the above seismic programs.

Robert Dinning, Simba’s President & CEO remarks, “we are delighted to provide our shareholders with this independent opinion from Sproule. It reaffirms our technical team’s initial premise to target Block 2A during the application process as it was highly prospective with great potential for significant accumulations. While it is encouraging to have Sproule’s assessment for exploration potential for this area of interest within Block 2A, including a very strong lead, we now also believe it is relevant to note how this same area lies within the junction of two (basin) trends as being geologically similar to the successful Ngamia-1 well, recently drilled by Tullow Oil and Africa Oil, that is also located at the junction of two trends. As a next step we see our passive seismic program as offering a very strong compliment to the existing seismic we have for these leads. We definitely have an exciting, active and funded exploration program now in place for Block 2A and will look forward to the work of proving up our resources in the license.”

James Dick, P.Geol., P.Eng., 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. For further reference Sproule’s full report will be made available on the both the Company’s website as well as SEDAR.

About Sproule Associates Limited

Sproule is a premier, independent petroleum consulting firm with expertise in geology, geophysics and petroleum engineering, anchored by over 60 years of experience and widely recognized for their expertise and independence in providing clients with a wide range of services, leveraging their expertise in understanding and evaluating unconventional and conventional hydrocarbon assets worldwide. This world class expertise is built on a wealth of experience and proprietary datasets with more than 19,000 projects completed for over 4,300 clients since inception in 1951 and with direct experience from work in every oil and gas region of the world. Sproule has significant previous experience in Kenya, including recent Competent Person’s Reports and resource studies conducted for a number of the blocks adjacent to Block 2A.

About Simba Energy Inc.

Simba Energy is a Vancouver, B.C. based oil and gas exploration company focusing on underexplored overlooked basins in its pursuit of hydrocarbon opportunities in Africa (currently Liberia, Mali, Guinea, Ghana and Kenya). These regions have shown increased promise for the development of new hydrocarbon deposits. The Company’s senior management team aims to leverage its expertise and affiliations to pursue, secure and develop strategic assets that demonstrate high potential for drilling and or production operations; and to do so in a manner of best practices and to the betterment of those communities where it operates.

ON BEHALF OF THE BOARD

“Robert Dinning”, President & CEO

For further information contact Simba Energy Inc. at: 604-641-4450, or visit: www.simbaenergy.ca , or info@simbaenergy.ca, or Mark Sommer, Toll Free: 1-855-777-4622. Or;

Financial Public Relations (UK), Lionsgate Communications, Jonathan Charles, jcharles@lionsgatecomms.com, or +44 (0)7791 892509.

We seek safe harbour.

This news release includes certain forward-looking statements or information. All statements other than statements of historical fact included in this release, including, without limitation, statements relating to the exploration merits of the property and other future plans, objectives or expectations of the Company are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company’s plans or expectations include risks relating to the actual results of current exploration activities, fluctuating commodity prices, possibility of equipment breakdowns and delays, exploration cost overruns, availability of capital and financing, general economic, market or business conditions, regulatory changes, timeliness of government or regulatory approvals and other risks detailed herein and from time to time in the filings made by the Company with securities regulators. The Company expressly disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise except as required by applicable securities legislation.

May 24, 2012, Vancouver, B.C., Canada. Simba Energy Inc. (“Simba” or the”Company”) (TSXV: SMB, Frankfurt: GDA, OTCQX: SMBZF), is pleased to announce that it has received final approval for 60% of the Production Sharing Contract (PSC) in blocks 1 & 2, onshore Guinea from the Republic of Guinea’s Minister of Mines and Geology (Le Ministere des Mines et de la Geologie).

To view the infographic version of this release click here or visit the Company’s website.

The two blocks total 12,000 sq.km onshore in the Republic of Guinea’s Bove basin, which has extensive presence of surface oil seeps and three known reservoir systems with fair to good reservoir parameters in both clastic sediments and carbonates. It is Management’s view that blocks 1 & 2 possess significant hydrocarbon exploration potential that supports taking an aggressive near-term exploration approach.

The following points highlight the exploration potential for Blocks 1 & 2:

• Migration and communication are demonstrated by the presence of abundant seeps, large accumulations of bio-degraded heavy oil at surface, along with light oil staining in earlier (historical) core and samples.
• Laboratory analysis carried out in 1989 on samples from two wells Beicip (France) indicated a level of maturity as “mature to over mature” and a source that is likely oil prone.
• Silurian shales, which are the major source rock in all North African basins, are present.
• The basin has three known reservoir systems with fair to good reservoir parameters in both clastic sediments and carbonates.
• A gravity and magnetometer survey carried out over the entire basin in 1972 by Texas Geophysical Company indicates sediments were present up to a depth of 4,000 metres and identified numerous anomalies, the magnitude of which remain of great interest.
• Most of the basin’s wells were drilled prior to the 1960’s and were too shallow to fully evaluate the section.
• The tectonic style of the Bove basin is conducive to the formation of structures that produce traps capable of pooling large reserves.

Simba is set to provide 100% funding of all program costs in the first year, and 60% of all program costs thereafter.

Robert Dinning, President & CEO remarks, “We are pleased to have received formal approval of this transaction, including the right to be the operator, and can now proceed with the investment necessary to explore an asset that we believe has great exploration potential. Simba is the first Canadian company to explore for oil and gas in onshore Guinea. We will initiate the seep survey in the near future covering a number of specific target areas with known seeps.”

James Dick, P.Geol.,P.Eng., 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 Inc.

Simba Energy is a Vancouver, B.C. based oil and gas exploration company focusing on underexplored overlooked basins in its pursuit of hydrocarbon opportunities in Africa (currently Kenya, Guinea, Liberia, Mali and Ghana). These regions have shown increased promise for the development of new hydrocarbon deposits. The Company’s senior management team aims to leverage its expertise and affiliations to pursue, secure and develop strategic assets that demonstrate high potential for drilling and or production operations; and to do so in a manner of best practices and to the betterment of those communities where it operates.

ON BEHALF OF THE BOARD

“Robert Dinning”, President & CEO

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

Financial Public Relations (UK), Lionsgate Communications, Jonathan Charles, jcharles@lionsgatecomms.com, or +44 (0)7791 892509.

We seek safe harbour.

Simba Energy Inc. (the ‘Company‘) (TSX Venture: SMB) (Frankfurt: GDA) (OTCQX: SMBZF) is pleased to announce that it has closed its non-brokered private placement (the ‘Private Placement‘) raising gross proceeds of $4,242,900.

Pursuant to the Private Placement, 53,036,250 units (the ‘Units’) were issued at $0.08 per Unit. Each Unit consists of one common share of the Company and one common share purchase warrant (a ‘Warrant‘). Each Warrant is exercisable into one common share of the Company for a period of 24 months from closing at an exercise price of $0.16 per share.

The proceeds of the Private Placement will be used for advancing all outstanding Production Sharing Contracts (PSC) and for general working capital.

In connection with the Private Placement the Company issued to certain finders 1,209,000 warrants, each warrant is exercisable into one common share of the Company for a period of 24 months from closing at an exercise price of $0.16 per share. The securities issued with respect to the Private Placement are subject to a four month hold period in accordance with applicable Canadian securities laws.

About Simba Energy Inc.

Simba Energy is a Vancouver, B.C. based oil and gas exploration company focusing on underexplored overlooked basins in its pursuit of hydrocarbon opportunities in Africa (currently Kenya, Liberia, Mali, Guinea and Ghana). These regions have shown increased promise for the development of new hydrocarbon deposits. The Company’s senior management team aims to leverage its expertise and affiliations to pursue, secure and develop strategic assets that demonstrate high potential for drilling and or production operations; and to do so in a manner of best practices and to the betterment of those communities where it operates.

ON BEHALF OF THE BOARD
Robert Dinning, President & CEO

We seek safe harbour

April 13, 2012 Vancouver, British Columbia, Simba Energy Inc. (the “Company”) (TSXV: SMB, Frankfurt: GDA, OTCQX: SMBZF) is pleased to report it has been notified by GeoDynamics Research S.R.L. (Italy) that on site reconnaissance of its 100% interest in Block 2A – Kenya is to commence in April. Crew and equipment is scheduled to arrive early May 2012 and we will begin an extensive program acquiring passive seismic survey data.

The scope of this survey covers 750 square kilometers with 250 MPS (measuring points) on 2 km spacing to identify, and evaluate areas with hydrocarbon potential on Simba’s Block 2A.

James W. Dick, P Geol., P. Eng., (APEGGA), and Qualified Person in accordance with NI 51-101, and a Director of the Company remarks “The planned survey covers a portion of both basins within Block 2A where the Company has already identified 2 exploration leads by re-working existing 2D seismic data. These existing exploration leads will receive the immediate focus along with any additional leads identified from ongoing 2D re-interpretation. The potential areas identified will be further evaluated by conventional seismic most likely 3D or 2D and/or gravity gradiometer prior to selecting a drill site.”

The acquisition work in the field is expected to take 30 days with a report due within 30 days upon completion of field work.

About Passive Seismic Spectroscopy (IPDS®)

Infrasonic Passive Differential Spectroscopy (IPDS) is a direct hydrocarbon indictor process which utilizes high sensitivity seismometers. The seismometers presently used are even more sensitive and are used in an extensive worldwide grid monitoring the earth’s subsurface seismic activity. This grid identifies the background noise as a frequency spectrum.

IPDS detects low frequency in the 1-8 Hz range as spectral signatures over hydrocarbon reservoirs. A hydrocarbon reservoir is a frequency converter and deforms the frequency of the natural earth noise. These deformed signals on spectroscopic analysis produce unique spectral signatures which are used as Direct Hydrocarbon Indication. IPDS technology has been tested in numerous basins and reservoirs all around the world in areas including currently producing, depleted, abandoned fields and virgin reservoirs. In over 120 surveys it has proven to be correct 80% of the time which is a marked improvement in the current wildcat success ratio. Its use on Simba’s Block 2A to evaluate known structures should move the Exploration program ahead by at least one or two years while reducing risk.

For more information on this technology and GeoDynamics visit www.geodynamics.it.

About Simba Energy Inc.

Simba Energy is a Vancouver, B.C. based oil and gas exploration company focusing on underexplored overlooked basins in its pursuit of hydrocarbon opportunities in Africa (currently Kenya, Liberia, Guinea, Mali and Ghana). These regions have shown increased promise for the development of new hydrocarbon deposits. The Company’s senior management team aims to leverage its expertise and affiliations to pursue, secure and develop strategic assets that demonstrate high potential for drilling and or production operations; and to do so in a manner of best practices and to the betterment of those communities where it operates.
ON BEHALF OF THE BOARD

“Robert Dinning”, President & CEO
For further information contact Simba Energy Inc., at 604-641-4450,
or visit: www.simbaenergy.ca,
or info@simbaenergy.ca,
or Mark Sommer,
Toll Free: 1-855-777-4622.

We seek safe harbour.

March 27, 2012 Vancouver, British Columbia, Simba Energy Inc. (the “Company”) (TSXV: SMB, Frankfurt: GDA, OTCQX: SMBZF) is pleased to announce Sproule Associates Limited (Calgary) as having been engaged to carry out an evaluation on the Company’s 100% interest in Block 2A in Kenya and provide an evaluation report compliant to both NI 51-101, and a Competent Persons Report (‘CPR’ – for European investment standards).

Sproule has considerable evaluation experience in Kenya and especially in the area of Block 2A where they have previously provided similar reports for blocks adjacent to Block 2A. The Company expects the report to be completed in the next 60 days.

Robert Dinning, President & CEO remarks, “…we commissioned Sproule for this evaluation because they have done extensive in depth geological and geophysical studies in the immediate area. While Simba’s technical team is encouraged by its own evaluation and review of the available data, our shareholders can now look forward to seeing the results of an independent evaluation of this asset’s potential within these coming weeks.”

About Sproule Associates Limited

Sproule is a premier, independent petroleum consulting firm with expertise in geology, geophysics and petroleum engineering, anchored by over 60 years of experience and widely recognized for their expertise and independence in providing clients with a wide range of services, leveraging their expertise in understanding and evaluating unconventional and conventional hydrocarbon assets worldwide. This world class expertise is built on a wealth of experience and proprietary datasets with more than 19,000 projects completed for over 4,300 clients since inception in 1951 and with direct experience from work in every oil and gas region of the world. Sproule has significant previous experience in Kenya, including recent Competent Person’s Reports and resource studies conducted for a number of the blocks adjacent to Block 2A, including:

• Lion Petroleum Corp – Blocks 1 and 2B (2011)
• Vanoil Energy Ltd. – Blocks 3A & 3B (2011)

About Simba Energy Inc.

Simba Energy is a Vancouver, B.C. based oil and gas exploration company focusing on underexplored overlooked basins in its pursuit of hydrocarbon opportunities in Africa (currently Liberia, Mali, Guinea, Ghana and Kenya). These regions have shown increased promise for the development of new hydrocarbon deposits. The Company’s senior management team aims to leverage its expertise and affiliations to pursue, secure and develop strategic assets that demonstrate high potential for drilling and or production operations; and to do so in a manner of best practices and to the betterment of those communities where it operates.

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

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

We seek safe harbour.

Vancouver, British Columbia, March, 2, 2012. SIMBA ENERGY INC TSXV: SMB

Simba Energy Inc. (the “Company”) (TSX VENTURE:SMB) (FRANKFURT:GDA) ( OTCQX: SMBZF) is pleased to provide an update on its assessment and exploration activities on Block 2A in Kenya and as highlighted by the following:

• Work progressing ahead of schedule
• Two exploration leads already identified early in the study
• Positive industry developments in the region
• Tullow and Africa Oil to commence drilling in Kenya close to Block 2A

In addition to the project’s Environmental Impact Assessment (EIA) being completed, approved by management, and submitted to the oil ministry, the Company has also been successful in obtaining all the past geophysical data relevant to Block 2A which has allowed the work program already approved by the ministry to be accelerated that includes a passive seismic survey now anticipated to begin early April.

The reprocessing of select 2D lines has been completed while all other seismic lines have been scanned and vectorized into digital format. Existing gravity and magnetic data has also been reprocessed and is now being interpreted in conjunction with the seismic work. Further, two exploration leads have already been identified in these early stages of the study.

Robert Dinning, President & CEO remarks, “Having progressed this well early on sure helps the Company gain some traction. While this passive seismic program we plan to carry out will definitely help in deciding how we focus our next efforts our technical team has done a great job in compiling and completing the information to be considered for both a NI 51-101 technical report and Competent Persons Report (CPR) that we anticipate will be completed in these coming weeks. It sure is encouraging to see such positive results come from this region in these past number of weeks. There’s no question things are heating up in the area so we’re looking forward to maintaining our aggressive pace on the ground in Kenya. Management and our technical staff have remained very active evaluating other assets within the region for the Company to target and secure so things are ramping up for us in other areas as well.”

Additionally, the Company announces it has arranged, subject to the approval of the TSX Venture Exchange, a non-brokered private placement of up to 37,500,000 units at $0.08 per unit for total gross proceeds of up to $3,000,000. Each unit consists of one common share and one share purchase warrant exercisable into one additional common share for two years from the date of issue at a price of $0.16 per share. The proceeds of the private placement will be used for advancing the PSC’s and 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.

About Simba Energy Inc.

Simba Energy is a Vancouver, B.C. based oil and gas exploration company focusing on underexplored overlooked basins in its pursuit of hydrocarbon opportunities in Africa (currently Liberia, Mali, Guinea and Kenya). These regions have shown increased promise for the development of new hydrocarbon deposits. The Company’s senior management team aims to leverage its expertise and affiliations to pursue, secure and develop strategic assets that demonstrate high potential for drilling and or production operations; and to do so in a manner of best practices and to the betterment of those communities where it operates.

ON BEHALF OF THE BOARD
Robert Dinning, President & CEO
We seek safe harbour.

January 17, 2012, Vancouver, British Columbia, Simba Energy Inc. (the “Company”) (TSXV: SMB, Frankfurt: GDA, OTCCBB: SMBZF) is pleased to update its shareholders on the following activities.

The Company announces it is now trading on the OTC market’s highest tier, OTCQX International, under the symbol SMBZF. The OTCQX, operated by OTC Markets Group Inc. (OTCQX: OTCM), is a financial information and technology services company that operates the leading electronic quotation and trading system in the U.S. OTC securities market.

“We are pleased we are now able to provide current and potential U.S. investors a better quality platform to access our Company’s securities,” states Robert Dinning, President & CEO of Simba Energy. “…the American investing public is becoming keenly aware of the importance of the secure and strategic supply of petroleum resources and opportunities in Africa. In response, while we continue advancing our portfolio of such assets we feel that this listing is an important step in exposing and presenting our company to the U.S. market.”

Investors can now find current financial disclosure and Real-Time Level 2 quotes for the company on www.otcqx.com and www.otcmarkets.com Soloway Group, PC will serve as Simba Energy’s principal American liaison on OTCQX, responsible for providing guidance on OTCQX requirements.

Additionally, the Company is also pleased to announce the appointment of Mr. Hassan Hassan to the Board of Directors. Mr. Hassan is currently Managing Director – Operations for the Company overseeing the acquisition and development of energy resource assets in various countries throughout Africa and the Middle East. Mr. Hassan has spent the past 20 years as a consultant and advisor to numerous public and private companies for international business development and acquisitions in the resource and hi-tech sectors. During the past 8 years Mr. Hassan has focused on mineral resource opportunities in West Aftrican countries and developed strong relationships and affiliations within numerous governments and energy sector.

About OTC Markets Group Inc.

OTC Markets Group Inc. (OTCQX: OTCM) operates the world’s largest electronic marketplace for broker-dealers to trade unlisted stocks. The OTC Link platform supports an open network of competing broker-dealers that provide investors with the best prices in over 10,000 OTC securities. In 2010, securities on OTC Link traded over $144 billion in dollar volume, making it the third largest U.S. equity trading venue after NASDAQ and the New York Stock Exchange. The wide spectrum of OTC-traded companies are categorized into three tiers so investors can identify the level and quality of information companies provide:

• OTCQX (the quality-controlled marketplace for investor friendly companies);
• OTCQB (the U.S. reporting company marketplace for development stage companies),
• OTC Pink (the speculative trading marketplace)

To learn more about how OTC Markets Group makes the unlisted markets more transparent, informed, and efficient, visit www.otcmarkets.com .

“The OTCQX platform supports a transparent marketplace with high-quality issuers, financial information disclosure and efficient trading for U.S. investors… we are pleased to welcome Simba Energy to OTCQX.”, remarked R. Cromwell Coulson, president and chief executive officer of OTC Markets Group.

About Simba Energy Inc.

Simba Energy is a Vancouver, B.C. based oil and gas exploration company focusing on underexplored overlooked basins in its pursuit of hydrocarbon opportunities in Africa (currently Liberia, Mali, Ghana, Guinea, Kenya and others). This region has shown increased promise for development of new hydrocarbon deposits. The Company’s Senior Management Team aims to leverage their expertise and affiliations to pursue, secure and develop strategic assets that demonstrate high potential for drilling and or production operations; and to do so in a manner of best practices and to the betterment of those communities where we work.
ON BEHALF OF THE BOARD
Robert Dinning”, President & CEO

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

We seek safe harbour.

Vancouver, BC, Canada – January 6, 2012 – Simba Energy Inc. (the “Company”) announces that the Company has agreed to extend the expiry date of warrants issued on January 20, 2011, with an original expiry date of January 20, 2012. There are currently 21,161,250 warrants outstanding, each warrant exercisable into one common share of the Company at a price of $0.12 per share. The warrants were issued pursuant to a private placement of 42,322,500 shares with 21,161,250 warrants attached. Subject to the acceptance of the TSX Venture Exchange, the new expiry date of the warrants will be January 20, 2013. The exercise price of the warrants will remain at $0.12 per share.

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

“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.”

NEW YORK – January 5, 2012 – OTC Markets Group Inc. (OTCQX: OTCM), the financial information and technology services company that provides the world’s largest electronic marketplace for broker-dealers to trade unlisted stocks, announced that Simba Energy Inc. (OTCQX: SMBZF; TSX.V: SMB) is now trading on the highest tier of the OTC market, OTCQX®. Simba Energy is an oil and gas exploration company focused on overlooked and under explored basins in Africa.

Simba Energy began trading today on the OTC market’s prestigious tier, OTCQX International. Investors can find current financial disclosures and Real-Time Level 2 quotes for Simba Energy on www.otcmarkets.com

“The OTCQX platform supports a transparent marketplace with high quality issuers, financial information disclosure and efficient trading for U.S. investors,” said R. Cromwell Coulson, President and Chief Executive Officer of OTC Markets Group. “We are pleased to welcome Simba Energy to OTCQX.”

Soloway Group, P.C. will serve as Simba Energy’s Principal American Liaison (“PAL”) on OTCQX, responsible for providing guidance on OTCQX requirements.

About Simba Energy Inc.

Simba Energy Inc. (OTCQX: SMBZF; TSX.V: SMB) trades in the United States on OTCQX under the symbol “SMBZF”, and in Canada on the TSX Venture under the symbol “SMB”. Simba Energy Inc. is an oil & gas exploration company focused on overlooked and under explored basins in Africa. Simba holds Production Sharing Contracts in Kenya and Republic of Guinea. Simba also has a Hydrocarbon Reconnaissance License in Liberia and is in advanced negotiations for Production Sharing Agreements in Mali and Ghana.

About OTC Markets Group Inc.

OTC Markets Group Inc. (OTCQX: OTCM) operates the world’s largest electronic marketplace for broker-dealers to trade unlisted stocks. Our OTC Link™ platform supports an open network of competing broker-dealers that provide investors with the best prices in over 10,000 OTC securities. We categorize the wide spectrum of OTC-traded companies into three tiers – OTCQX (the intelligent marketplace), OTCQB® (the venture marketplace), and OTC Pink™ (the open marketplace) – so investors can identify the level and quality of information companies provide. To learn more about how OTC Markets Group makes the unlisted markets more transparent, informed, and efficient, visit www.otcmarkets.com.

Subscribe to the OTCQX RSS Feed

Media Contact:

Grace Keith, OTC Markets Group Inc., +1 (212) 896-4428,

grace@otcmarkets.com

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

We seek safe harbour.

Vancouver, British Columbia, December, 13, 2011. SIMBA ENERGY INC TSXV: SMB

December 13, 2011, Vancouver, British Columbia, Simba Energy Inc. (the “Company”) (TSXV: SMB, Frankfurt: GDA, OTCCBB: SMBZF) is pleased to provide the following update on its activities in Kenya on the Company’s 100% interest in Block 2A.

• The work program for year one has been submitted to the ministry and approved.
• Environmental baseline and survey work commenced December 6 with completion anticipated by mid-January 2012.
• The Company has selected and engaged a geophysical consultant with extensive experience on Block 2A and surrounding blocks.
• Existing gravity and magnetic data has been obtained, processed and currently being re-interpreted.
• Reprocessing of select 2D lines has also commenced.
• Further the Company has been successful in obtaining copies of all existing 2D seismic survey lines (800 kilometres) carried out by Chevron and Amoco.

We are very pleased with the progress the team has made on the ground in Kenya. During our initial assessment of available data during the application process we became very confident in the exploration potential for Block 2A and are therefore now very keen to evaluate the re-interpretations in these coming months.” Remarks Robert Dinning, President & CEO.

In other matters, the Company advises Dr. Karim Akrawi has tendered his resignation, effective immediately, in order to devote more time to his consulting business. The Company accepts Dr. Akrawi’s resignation with regret and wishes him well in his international business activities.

Simba Energy is a Vancouver, B.C. based oil and gas exploration company focusing on underexplored overlooked basins in its pursuit of hydrocarbon opportunities in Africa (currently Liberia, Mali, Ghana, Guinea, Kenya and others). This region has shown increased promise for development of new hydrocarbon deposits. The Company’s Senior Management Team aims to leverage their expertise and affiliations to pursue, secure and develop strategic assets that demonstrate high potential for drilling and or production operations; and to do so in a manner of best practices and to the betterment of those communities where we work.

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

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

We seek safe harbour.