SAH Sahara Energy Ltd

Sahara Energy Ltd. (TSX VENTURE:SAH) ("Sahara") announces that it intends to
raise up to C$11.4 million by the issuance of common shares at a price of C$0.12
per share, and on such other terms as are to be negotiated, to Aozhong Jiye
Investment Holdings Limited. The proceeds of the financing are expected to be
used for the acquisition of lands and for exploration and development drilling,
as well as for working capital.


Sahara has received a non-refundable deposit of C$600,000 from the investor,
pending completion of due diligence. At a minimum, 5,000,000 common shares are
expected to be issued at C$0.12 per share to the investor.


Closing of the financing is expected to occur on or before August 30, 2013,
subject to all required regulatory, director and, if required, shareholder
approvals.


Forward Looking Information: This news release contains forward looking
statements related to the proposed 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.


Neither TSX Venture Exchange nor its Regulation Services Provider (as that term
is defined in the policies of the TSX Venture Exchange) accepts responsibility
for the adequacy or accuracy of this release.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Sahara Energy Ltd.
Martin Feng
President and CEO
(403) 237-5411
martin@saharaenergy.ca


Sahara Energy Ltd.
Gary Chang
Chief Financial Officer
(604) 569-3979
gary@saharaenergy.ca

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