Simba Energy Identifies Three Significant Oil Seeps in Guinea

27.02.2013  |  Business Wire

Simba Energy Inc. ('Simba' or the 'Company') (TSXV: SMB, OTCQX:
SMBZF, Frankfurt: GDA), the pan-African oil & gas explorer, is
pleased to report it has identified three additional and significant
seeps during its initial phase of 2013 exploration work on Blocks 1 & 2
in the Republic of Guinea′s Bove Basin.

'Further to our site visit last summer that identified and confirmed a
number of known seep areas within Block 2, these three additional seep
areas (two in Block 1), from Paleozoic rocks, are impressive and clearly
the best seeps seen to date. They certainly increase the prospectivity
of both the blocks with the presence of higher C hydrocarbons. A number
of samples have been sent to the lab for analysis.? remarked James W.
Dick, Director and CTO for Simba.

In view of the results to date, the Company now plans to focus its
initial exploration work in the Republic of Guinea on Block 1 and the
northern part of block 2.

The Company is planning a geochemical survey to collect 2,000 samples
covering 1,000 line kilometers mostly within Block 1 to focus upcoming
phases of exploration. Crews will be mobilized within the next month
with completion anticipated shortly thereafter.

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:

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

In addition to its 100% interest in Kenya′s Block 2A the Company holds a
60% interest in Blocks 1 & 2, onshore Republic of Guinea and has
recently signed a Production Sharing Contract (PSC) with the Republic of
Chad for a 100% interest in three prospective oil & gas blocks within
the Doba, Doseo and Erdis basins.

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 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)779 189 2509.

We seek safe harbor.

ON BEHALF OF THE BOARD

Robert Dinning, President & CEO.