Simba Energy Receives Sproule's Resource Assessment Report For Block 2A - Onshore Kenya

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 International 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.  Also see table below.

Table:  Initial Resource Assessment of Block 2A - First Three Leads
(Source: Sproule and Associates Ltd.)

Click here to see table.      

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

We seek safe harbour