Simba Essel Energy Inc.

Simba Energy is pleased to announce that further to its news releases of April 14 and May 17, 2010, it has now closed its private placement. The Company issued a total of 31,222,357 units at $0.07 per unit for total gross proceeds of $2,185,565. Each unit consists of one common share and one transferable share purchase warrant, each warrant exercisable into one additional common share until May 31, 2012, a price of $0.15 [...]