SOURCE: Savanna East Africa, Inc.

Savanna East Africa, Inc.

June 28, 2011 09:00 ET

(NVAE) Savanna East Africa Posts CEO On-Demand Webcast on Acquisition Pipeline, Key Project Progress and Upcoming Kenya Trade Mission Details

DALLAS, TX--(Marketwire - Jun 28, 2011) - Savanna East Africa, Inc. (PINKSHEETS: NVAE) (OTCQB: NVAE) today posted a Webcast from CEO LTC Randell Torno reporting on the recent senior management and key stakeholder meetings held in Nairobi, Kenya. Among the various agenda items, the meetings focused on next steps towards the acquisition of a condom manufacturing facility under construction in Kenya, which is anticipated to provide local manufacturing to help fill the condom shortage in Kenya. Earlier this year Kenya experienced a shortage of condoms with Kenya's government making an appeal to the U.S. government for emergency funding (http://www.standardmedia.co.ke/InsidePage.php?id=2000031810&cid=4&).

The recent meetings also reviewed two other acquisition candidates in the region and worked on plans for a Trade Mission to Kenya scheduled for October 2011 intended to encourage investment into East African regional small and medium enterprises (SMEs). Last year, Savanna East Africa hosted a pilot Trade Mission to Kenya with the United Nations International Strategy for Disaster Reduction (www.unisdr.org) and the Small Equity Initiative (www.smallequity.com) with a program intended to stimulate small and medium enterprise investment in high growth potential business sectors through reverse merger and PIPE financing strategies. The UNISDR's participation is specifically intended to urge private sector innovation and investment aimed at reducing disaster risk.

To learn more about the Private Sector and the UNISDR, please visit: http://www.unisdr.org/partners/private-sector. To learn more about the Trade Mission planned for October 2011, please email info@savannaea.com.

Savanna East Africa is concentrating on developing high growth potential capacities within the housing, healthcare and high tech sectors in East Africa, initially in Kenya and with plans to explore widening its business development into Ethiopia. The recent stakeholder meetings had been scheduled to include meetings in Addis Ababa, however those meetings were rescheduled for later this year due to the eruption of the Eritrean volcano, which temporarily made parts East Africa's air space unsafe for commercial jets to fly. Addis Ababa is the capital of Ethiopia, with over three million people, and the headquarters of the African Union and United Nations Economic Commission for Africa.

To review the CEO Webcast, visit http://bit.ly/m4SJan directly or the corporate website at www.savannaea.com. Viewers can navigate through the presentation and leave comments.

About Savanna East Africa, Inc. (www.savannaea.com)
Savanna East Africa, Inc. (PINKSHEETS: NVAE) (OTCQB: NVAE) launched an updated corporate strategy last year to pursue several business lines in the growing economy of East Africa, initially in Kenya. Savanna 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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