Simba Energy Cancels Proposed Option Pricing Adjustment

FSC / Press Release 
Simba Energy Cancels Proposed Option Pricing Adjustment 
Vancouver, British Columbia CANADA, October 26, 2012 /FSC/ - Simba Energy Inc.
("Simba" or the "Company") (TSXV: SMB; Frankfurt: GDA; OTCQX: SMBZF), advises it
has cancelled the proposed repricing of options as announced in yesterday's
press release dated October 25, 2012. The options will remain as originally
priced when authorized. 
The cancellation is effective immediately. 
About Simba Energy: 
Simba Energy Inc. is an international oil & gas exploration company focused on
onshore Pan-African opportunities.  The Company now holds a diversified
portfolio of majority or 100% interests in several prospective oil & gas
exploration assets. 
Simba has recently signed a Production Sharing Contract ("PSC) with the Republic
of Chad for 100% interests in three prospective oil & gas blocks within the
Doba, Doseo and Erdis basins. 
It has also recently completed and is awaiting final results of the passive
seismic survey carried out at its Block 2A in Kenya, where it currently holds a
100% interest, and is actively pursuing formal farm-in discussions with a number
of interested parties. 
Additionally the Company holds a 60% interest in Blocks 1 & 2, onshore Republic
of Guinea with current efforts to finalize the first work program with the
energy ministry now underway.  The Company is also the successful applicant for
Block 3 in Mali and has applications pending for onshore blocks in Liberia and
Ghana. 
We seek safe harbor.
ON BEHALF OF THE BOARD
"Robert Dinning", President & CEO. 
For further information contact:
Ph. 604-641-4450,
or visit: www.simbaenergy.ca
or email: info@simbaenergy.ca
or Mark Sommer, Toll Free: 1-855-777-4622,
or In the UK, Jonathan Charles, jcharles@lionsgatecomms.com
+ 44 (0)779 189 2509. 
To view this press release as a webpage, please click on the following link:
http://www.fscwire.com/pr/simbaoct262012.htm 
Source: Simba Energy Inc. (TSX-V: SMB) (OTCQX: SMBZF) (Frankfurt: GDA)
http://www.simbaenergy.ca
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-0- Oct/26/2012 18:00 GMT
 
 
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