Simba Energy Inc. announced updates on activities at both its onshore Guinea concession, Blocks 1 & 2, where Simba currently holds a 60% interest on the PSA (Production Sharing Agreement) and its 100% interest in onshore Block 2A, Kenya. In regard to the company's onshore Blocks 1 & 2 in Guinea, a Joint Committee meeting was held between officials from OGRPP (de l'Office Guineen de Recherche et de Promotion Petrolieres) and Simba Energy in order to review the status of the PSA and update the Joint Committee on the work program carried out by Simba for the current exploration period. The company is pleased to confirm it has fulfilled all requirements and work obligations to date and has also received OGRPP's consent to release the results of the 2013 geochemical sampling program completed as part of a second phase of work after the initial seep survey in 2012.

The company collected 1,550 geochemical samples on 500 meter spacing over 29 traverses that covered an extensive portion of the concession. Actlabs (Ancaster, Ontario) carried out sample testing and mapping of these results using their Soil Gas Hydrocarbon (SGH) analyses. Results were very positive identifying six separate & sizeable prospective target areas.

Of these, two areas T1 (700+kms²) & T2 (+/-200kms²) were ranked highly by Actlabs, at a 5.5 out of a possible 6.0 for T1 and 4.0 out of a possible 6.0 for T2, as being related to an oil play and clearly demonstrating an excellent relationship between potential traps and source rock. Block 1 & 2's entire concession area lies within a key portion of the Bove Bsin that hosts Silurian shales and an extensive active petroleum system. This FTG (Full Tensor Gradiometry) will be modeled on the FTG program that the company recently executed on Block 2A in Kenya, where the data produced valuable/visible results that confirmed a number of significant leads and prospects which are now targeted for further 2D seismic to finalize drilling locations.