ZaZa Energy Corporation Announces Joint Venture with Large Independent to Further Develop Its Eaglebine Assets

  ZaZa Energy Corporation Announces Joint Venture with Large Independent to
  Further Develop Its Eaglebine Assets

  Joint venture partner to carry ZaZa on up to the first nine wells and make
                           substantial cash payment

 Joint venture partner to operate three-phase roll-out covering all of ZaZa’s
acreage, save and except 19K net acres retained 100% by ZaZa in the middle of
                   the block adjacent to recent discoveries

Business Wire

HOUSTON -- March 25, 2013

ZaZa Energy Corporation (“ZaZa” or the “Company”)(NASDAQ: ZAZA) today
announced that it has signed a Joint Exploration and Development Agreement
(the “Agreement”) with one of the largest independent crude oil and natural
gas companies in the United States to further develop ZaZa’s Eaglebine assets.

Under the terms of the Agreement, ZaZa’s joint venture partner will receive up
to a 75% working interest in up to 55K net acres and operate the JV acreage
comprising 73K of ZaZa’s 92K net mineral acres. ZaZa will retain a 25% working
interest in the 73K acres. These assets include certain lands located in
Walker, Grimes, and Madison, Trinity and Montgomery Counties, Texas, which are
wholly owned by ZaZa, and also incorporate certain properties that are covered
within the Participation Agreement with Range Texas Production, LLC, a
wholly-owned subsidiary of Range Resources Corporation.

Early-stage drilling preparations are already underway for the first two (2)
JV wells and the Company expects that the joint venture partner will have
drilled the first three (3) earning wells by January 2014.

According to Todd A. Brooks, ZaZa’s President and CEO, “Partnering with one of
the largest unconventional oil focused operators in the country validates the
Eaglebine work program that has been executed by ZaZa to date. Our new joint
venture will benefit from economies of scale and focus on optimizing field
development and accelerating production at a reduced cost.”

The development program consists of three phases, each covering a three well
drilling program plus associated cash payments. Phases two and three are
electable by our partner upon satisfaction of the preceding phase’s work
obligations.

About ZaZa Energy Corporation

Headquartered in Houston, Texas, with offices in Corpus Christi, Texas and
Paris, France, ZaZa Energy Corporation is a publicly traded exploration and
production company with primary assets in the Eagle Ford and Eaglebine
resource plays in Texas. More information about the Company may be found at
www.zazaenergy.com.

Safe Harbor Statement

This news release contains forward-looking statements within the meaning of
Section 27A of the Securities Act of 1933 and Section 21E of the Securities
Exchange Act of 1934. Forward-looking statements can be identified by words
such as "anticipates," "intends," "plans," "seeks," "believes," "estimates,"
"expects," "forecasts" and similar references to future periods. These
statements include, but are not limited to, statements about ZaZa’s ability to
execute on exploration, production and development plans, estimates of
reserves, estimates of production, future commodity prices, exchange rates,
interest rates, geological and political risks, drilling risks, product
demand, transportation restrictions, actual recoveries of insurance proceeds,
the ability of ZaZa to obtain additional capital, and other risks and
uncertainties described in the Company’s filings with the Securities and
Exchange Commission. While forward-looking statements are based on our
assumptions and analyses that we believe to be reasonable under the
circumstances, whether actual results and developments will meet our
expectations and predictions depend on a number of risks and uncertainties
that could cause our actual results, performance and financial condition to
differ materially from our expectations. See "Risk Factors" in most recent
filings with the Securities and Exchange Commission for a discussion of risk
factors that affect our business. Any forward-looking statement made by us in
this news release speaks only as of the date on which it is made. Factors or
events that could cause our actual results to differ may emerge from time to
time, and it is not possible for us to predict all of them. We undertake no
obligation to publicly update any forward-looking statement, whether as a
result of new information, future development, or otherwise, except as may be
required by law.

Contact:

JMR Worldwide
Jay Morakis, 212-786-6037
Partner
jmorakis@jmrww.com