Sahara Energy Ltd. (TSX VENTURE:SAH) ("Sahara") announces that it has closed the
second tranche of its previously-announced financing. An additional 7 million
common shares were issued to Mr. Kingston Kwek of Singapore on March 16, 2012 at
$0.07 per share. The shares issued today are subject to a hold period under
applicable securities laws of 4 months which will expire on July 17, 2012. 


The total gross proceeds of the increased financing is $840,000. Mr. Kwek has
now acquired an aggregate of 12 million common shares, representing 13.4% of the
issued and outstanding common shares of Sahara, for investment purposes. As
previously announced, Mr. Kwek has also become a director of Sahara. 


The proceeds of the financing are expected to be used for drilling and for the
acquisition of lands.


Forward Looking Information: This news release contains forward looking
statements related to the proposed use of the proceeds of the financing. These
statements are based on current expectations that involve a number of risks and
uncertainties which could cause actual results to differ from those anticipated.
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