Sahara Energy Corp (SAH)

[Seminole Red]

CALGARY, ALBERTA--(Marketwire - Feb. 6, 2008) - Sahara Energy Ltd. (TSX VENTURE:SAH) (PINK SHEETS:SAHRF) ("Sahara" or the "Company") is pleased to announce that TSX Venture Exchange has accepted for filing its previously announced shares for debt application to satisfy the amounts outstanding to certain trade creditors (the "Creditors") pursuant to shares for debt agreements entered into between Sahara and the Creditors. The shares issued pursuant to these agreements are based on a price of $0.20 per share. In total, an aggregate of 475,000 shares of Sahara were issued to the Creditors to satisfy all debts owing to such Creditors. The shares are subject to a four month hold period from the date of their issuance.

Sahara is a junior oil and gas company focused on the exploration and development of oil and gas in western Canada.