Simba Energy Inc. Joins OTCQX

NEW YORK – January 5, 2012 – OTC Markets Group Inc. (OTCQX: OTCM), the financialinformation and technology services company that provides the world’s largestelectronic 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 OTCmarket, OTCQX^®.  Simba Energy is an oiland gas exploration company focused on overlooked and under explored basins in Africa.

Simba Energy begantrading today on the OTC market’s prestigious tier, OTCQX International.  Investors can find current financialdisclosures 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 MarketsGroup. “We are pleased to welcomeSimba Energy to OTCQX.”

SolowayGroup, P.C. will serve as SimbaEnergy’s Principal American Liaison (“PAL”) on OTCQX, responsible for providingguidance on OTCQX requirements.

About Simba Energy Inc.

Simba Energy Inc. (OTCQX: SMBZF; TSX.V: SMB) trades in the United States on OTCQX underthe 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 OTCMarkets Group Inc.

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

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MediaContact:

Grace Keith, OTCMarkets Group Inc., +1 (212) 896-4428, grace@otcmarkets.com