Simba Energy Inc. announced it is in receipt of Bell Geospace's final report and results from their aerial FTG (Full Tensor Gradiometry) survey analysis and interpretation at it's Block 2A concession in Kenya. In summary the results have identified five structural features with independent closures varying in size from 30kms² to +100kms² in both the Mandera and Anza basins. Given the FTG results, the Company is able to better focus and narrow the area and extent of the now planned 2D seismic program necessary to further develop drilling locations.

The planned seismic program will focus on the three ranking & sizeable targets identified by the FTG in both basins. The map provided below highlights the FTG survey's results. The FTG results will inform the design and planning to acquire 2D seismic over the specific FTG anomalies observed in both basins.

An area in the Mandera basin that covers the two sizeable `primary' and one `secondary' target areas designated as M1 & M3 (prospects) and M2 (lead) is estimated to require +/-175 line kilometers, while an additional 100 kms are estimated for the Anza basin to cover leads A1, A4 and A5. Simba's Block 2A concession covers an area of over 7,800 km² that overlies portions of two very prospective basins, each with proven hydrocarbon systems: The Mandera basin where the Tarbaj oil seep (just to the north of Block 2A's northern boundary) has confirmed marine origin source rocks deeper in the basin in Lower /Mid Jurassic formations, and; the Anza basin, one of the Tertiary-age rift basins in the East African rift system and with a geological setting similar to the South Lokichar basin where Africa Oil and Tullow have recently had significant discoveries.