MNH

Mr. Magdy Bassaly, a director and officer of MENA Hydrocarbons Inc. ("MENA")
(TSX VENTURE:MNH), has acquired, effective March 1, 2013, a total of 7,226,260
common shares ("Shares") of MENA at an effective price of $0.05 per share. These
Shares were acquired from treasury on March 1, 2013 pursuant to certain term
loans made by Mr. Bassaly in favour of MENA announced on November 30, 2012. In
addition, Mr. Bassaly has acquired, effective March 5, 2013, a total of
5,000,000 units of the Company from treasury in connection with the private
placement announced on December 14, 2012. Each unit consists of one Share and
one-half of one share purchase warrant. Each whole warrant is exercisable at a
price of $0.05 into one Share at any time within 12 months from the date of
issue, and at a price of $0.10 thereafter until two years from date of issue.
Mr. Bassaly also holds options to acquire 630,000 Shares.


As a result of the acquisitions Mr. Bassaly now holds (i) 68,126,260 Shares
representing approximately 25.62% of the issued and outstanding common shares of
MENA, (ii) 2,500,000 warrants to acquire Shares representing approximately 4.77%
of the issued and outstanding warrants of MENA, and (iii) options to purchase a
further 630,000 Shares. 


An Early Warning Report respecting these acquisitions has been filed on the
System for Electronic Document Analysis and Review ("SEDAR") and can be viewed
at www.sedar.com. 


Mr. Bassaly acquired the securities referred to above for investment purposes
only. The investments will be reviewed on a continual basis, and Mr. Bassaly's
holdings may be increased or decreased in the future, depending upon economic or
market conditions or matters relating to MENA.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Magdy Bassaly
+ 20122101582
Mbassaly@hotmail.com

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