SOURCE: Savanna East Africa, Inc.

Savanna East Africa, Inc.

May 10, 2011 11:32 ET

(NVAE) Savanna East Africa Schedules CEO Update Webcast

DALLAS, TX--(Marketwire - May 10, 2011) - Savanna East Africa, Inc. (PINKSHEETS: NVAE) (OTCQB: NVAE) today announced that the Company has scheduled an Update Webcast from CEO Randell Torno for release next Tuesday, May 17th. The Webcast will be posted to the corporate website www.savannaea.com and emailed to the corporate opt-in email database upon release. Savanna East Africa is currently pursuing several business lines in East Africa, initially in Kenya. Among these pursuits are the housing market and healthcare industry. Recently, Mr. Torno also conducted a Webcast, available at www.savannaea.com, to discuss next steps on a prospective 200 unit public housing project as well as a potential university youth hostel project in Kenya.

Separately, Savanna East Africa announced that its corporate information has been updated on the OTC Markets website, www.otcmarkets.com. Savanna East Africa is an SEC reporting company that is up-to-date in its quarterly and annual reporting requirements and is in the 'OTCQB' market tier of the OTC Markets, a tier that indicates the Company is current in their reporting obligations with the SEC. Savanna's fiscal year end is June 30th and the Company's latest periodic report filed on Form 10-Q with the SEC provides quarterly results for the period ended December 31, 2010. It should be noted that the "Latest Report" line item under the OTC Markets' NVAE 'Company Profile' which references the last report being from 2008 refers strictly to OTC Market's Disclosures and does not reflect annual and quarterly reports filed with the SEC. The Company's SEC periodic financial reports and other corporate filings can be found: by clicking on the 'Financials' tab under the Company's OTC Markets' profile and scrolling down to SEC filings; by going to the SEC's website, www.sec.gov; or by going to Savanna's corporate website, www.savannaea.com, and clicking on the "Investors" tab.

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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