Simba Energy Takes a Major Step Forward; Announces a Farm-Out on Block 2A in Kenya and Stock Jumps 20% on Strong Volume

Toronto, Ontario--(Newsfile Corp. - May 14, 2013) - Ubika Research has issued a new research bulletin on the recently announced memorandum of Understanding (MOU) on Block 2A in Kenya by Africa oil play Simba Energy Inc. (TSXV: SMB). Simba announced on May 13^th, 2013, that it has signed a Memorandum of Understanding (MOU) with Ajax Exploration Ltd., a private oil and gas exploration company. As per the MOU, Simba will farm out a 66% interest and ownership of the Block 2A in Kenya to Ajax for a gross investment of US$36.5 million.

The report can be downloaded at http://www.smallcappower.com/companies/posts/simba-energy-tsxv-smb-research-bulletin-14-5-2013.

Simba owns a very prospective land package in Kenya that is surrounded by blocks owned by Africa Oil and Afren Oil, with known prospective resource. Simba is well positioned in Kenya with a big land package, its geologically attractive positioning and now a MOU with Ajax worth $36.5 million to drill at least one well on the property.

About Simba Energy

Simba Energy Inc. (TSXV: SMB) (CVE: SMB) (OTCQX: SMBZF) is an oil & gas exploration company focused on overlooked and under explored basins in Africa. Simba holds Production Sharing Contracts in Kenya and the Republic of Guinea. Last year, it announced an agreement to secure a production sharing contract in the Republic of Chad. Simba also has a Hydrocarbon Reconnaissance License in Liberia and is in advanced negotiations for Production Sharing Agreements in Mali and Ghana.

To view research reports, analyst commentary and the CEO video interview for Simba Energy Inc. (TSXV: SMB) (CVE: SMB) (OTCQX: SMBZF) please visit: http://www.smallcappower.com/companies/products/simba-energy-inc.

About Ubika Research

Ubika is an investment research and capital market services firm based in Toronto and Vancouver with a proven track record of identifying and launching coverage of high potential small cap stocks at an early stage, thus offering timely market insights. Its specialty is small-cap companies with a market capitalization of <$1 billion.

Disclosure

Ubika Research has received compensation from Simba Energy to provide analyst research coverage

Except for the historical information presented herein, matters discussed in this document contain forward-looking statements that are subject to certain risks and uncertainties that could cause actual results to differ materially from any future results, performance or achievements expressed or implied by such statements.

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For additional information contact:
Vikas Ranjan, Managing Director
Email: vikas@ubikacorp.com