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*Simba Essel Energy Inc. 
Listed Company 

SIMBA ENERGY INC. ("SMB")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: June 16, 2016
TSX Venture Tier 2 Company

TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced April 18, 2016 and May 4, 2016:

Number of Shares: 43,000,000 shares

Purchase Price: $0.05 per share

Warrants: 21,500,000 share purchase warrants to purchase 21,500,000 shares

Warrant Exercise Price: $0.075 for a two year period

Number of Placees: 10 Placees

Insider / Pro Group Participation:
Insider=Y /
Name ProGroup=P # of Shares
Essel Group Middle East DMCC (Gagan Goel) Y 34,000,000
Charles De Chezelles Y 4,000,000

The Company issued a news release on June 15, 2016 confirming closing of the private placement. Note that in certain circumstances the Exchange may later extend the expiry date of the warrants, if they are less than the maximum permitted term.
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