CALGARY, ALBERTA--(Marketwire - March 16, 2012) -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.