SOURCE: Savanna East Africa, Inc.

Savanna East Africa, Inc.

September 09, 2010 09:10 ET

(NVAE) Savanna East Africa Announces Oil Reclamation Business Plan Update After Associated Press Article on Declining U.S. Crude Inventories and Increasing Oil Prices

DALLAS, TX--(Marketwire - September 9, 2010) - Savanna East Africa, Inc. (PINKSHEETS: NVAE) (OTCQB: NVAE) today announced an oil reclamation business plan update. The update was released following an Associated Press article on the increasing price per barrel of oil and the declining U.S. crude oil inventories. 

"Much of Savanna's recent news has been about the Company's expanding business in East Africa and those updates are very exciting," said Philip Verges, CEO of Savanna East Africa. "However, it is important to remember the East African expansion plan is founded on top of an existing oil reclamation business focused on known oil reserves in the Southwestern United States. Even before the East African expansion efforts, Savanna, formerly known as Nova Energy, invested in a refreshed oil reclamation business. The first thing we did this year is purchase oil drilling equipment. In addition to servicing the oil reclamation business, we are working on developing our own oil properties and anticipate announcing the purchase of our first oil property before the end of the year. You can learn more about both our African expansion business as well as our oil reclamation business on the Company website. Next week, we plan to announce an independent review of the Company's overall business potential."

The Associated Press article titled "Oil rises to near $75 amid US crude supply drop" can be found in its entirety here, http://tinyurl.com/2udgt7d.

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To learn more about Savanna East Africa and to sign up for company email alerts, please visit the corporate website at www.savannaea.com.

About Savanna East Africa, Inc. (www.savannaea.com)

Savanna East Africa, Inc. (NVAE), previously named Nova Energy, Inc., launched an updated corporate strategy early this year to pursue several business lines in the growing economy of East Africa, initially in Kenya. Nova has already begun several initiatives in the region to include initiatives in the Technology, Utility, Housing and Health products industries. The Company is also continuing to grow its existing oil and gas reclamation business with new management and business strategies. Savanna East Africa is a fully-reporting company with audited financial statements quoted on the new 'OTCQB.'

SAFE HARBOR STATEMENT" UNDER THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995
This press release contains forward-looking statements that involve risks and uncertainties. The statements in this release are forward-looking statements that are made pursuant to safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Actual results, events and performance could vary materially from those contemplated by these forward-looking statements. These statements involve known and unknown risks and uncertainties, which may cause the Company's actual results in future periods to differ materially from results expressed or implied by forward-looking statements. These risks and uncertainties include, among other things, product demand and market competition. You should independently investigate and fully understand all risks before making investment decisions.

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