Sahara Energy Ltd. announced that it intends to raise $350,000 by issuing common shares at $0.07 per share to Mr. Kingston Kwek. The proceeds of the financing are expected to be used for drilling and for the acquisition of lands. Closing of the financing is expected to occur on February 10, 2012, subject to regulatory approvals. In conjunction with the financing, it is expected that Mr. Kwek will be appointed to the board of directors of the company. The company also announced the appointment of Douglas Wine as a director and Chairman of the board of directors effective immediately. Mr. Wine is a professional geologist with extensive experience in the oil and gas business in Alberta.