MENA Hydrocarbons Inc. ("MENA" or the "Company") (TSX VENTURE:MNH) announced
that further to its news release of October 11, 2011, the Company has engaged
Moyes & Co. to assist in the disposition of its US assets in Montana and Utah.
An evaluation of these assets was prepared by the Colorado based independent
qualified reserves evaluators Gustavson Associates effective September 1, 2011.
Highlights of the evaluation include:




--  Net present value (discounted 10% before tax - forecast prices) of
    US$38.1 million (US$0.17 per MENA share) attributed to its NW Montana
    proven + probable (2P) reserves. 
--  Net present value (discounted 10% before tax - forecast prices) of
    US$16.7 million (US$0.07 per MENA share) attributed to its NW Montana
    proven (1P) reserves. 
--  Net present value (discounted 10% before tax - forecast prices) of
    US$148.4 million (US$0.66 per MENA share) attributed to its NW Montana
    proven + probable + possible (3P) reserves. 



The evaluation was prepared in accordance with the standards contained in the
Canadian Oil and Gas Evaluation Handbook and National Instrument 51-101 -
Standards of Disclosure for Oil and Gas Activities. For additional information
relating to the reserves and resource estimates respecting our US properties,
please see Gustavson's report and the material change report of the Company
dated and filed October 11, 2011, both of which are available on www.sedar.com. 


MENA is also continuing to evaluate several corporate and property acquisition
opportunities and will provide further updates as negotiations progress. 


About MENA Hydrocarbons 

MENA Hydrocarbons is an international oil and gas company focused on growing an
asset base of production, development and high impact exploration in the Middle
East and North Africa region. In Egypt, MENA owns and operates the development
lease for the Lagia oil field, a 32 square kilometre onshore block located on
the Sinai Peninsula, directly adjacent to the Gulf of Suez. In Syria, MENA owns
a 30% participating interest in Block 9 in Syria, a 10,032 square kilometre
onshore block prospective for crude oil, natural gas and condensate. In the
United States, MENA owns 6,242 gross acres (with an 81.2% average working
interest) in Northwestern Montana with light/medium oil reserves, and 36,201
gross acres (with a 99.5% average working interest) in East-Central Utah
prospective for both commercial gas sand and coal bed methane. MENA's shares
currently trade on the TSX Venture Exchange under the symbol "MNH".


For more information, please see an updated version of MENA's corporate
presentation on www.menahydrocarbons.com.


Forward looking information 

This news release contains forward-looking information relating to reserves and
resource estimates in respect of the Company's properties, the values of such
reserves estimates, MENA's plans for its US properties and other statements that
are not historical facts. Such forward-looking information is subject to
important risks, uncertainties and assumptions. The results or events predicated
in this forward-looking information may differ materially from actual results or
events. As a result, you are cautioned not to place undue reliance on this
forward-looking information. 


Forward-looking information is based on certain factors and assumptions
regarding, among other things, development plans of the Company in respect of
its Egyptian and US properties, the impact of increasing competition; the
general stability of the economic and political environments in which the
Company operates or owns interests; the timely receipt of any required
regulatory approvals; the ability of the Company to obtain qualified staff,
equipment and services in a timely and cost efficient manner; drilling results;
the ability of the operator of the projects which the Company has an interest in
to operate the field in a safe, efficient and effective manner; the ability of
the Company to obtain financing on acceptable terms; field production rates and
decline rates; the ability to replace and expand oil and natural gas reserves
through acquisition, development of exploration; the timing and costs of
pipeline, storage and facility construction and expansion and the ability of the
Company to secure adequate product transportation; future oil and natural gas
prices; currency, exchange and interest rates; the regulatory framework
regarding royalties, taxes and environmental matters in the jurisdictions in
which the Company operates; and the ability of the Company to successfully
market its oil and natural gas products, and other similar matters. While the
Company considers these assumptions to be reasonable based on information
currently available to it, they may prove to be incorrect. 


Forward looking-information is subject to certain factors, including risks and
uncertainties that could cause actual results to differ materially from what is
currently expected. These factors include risks associated with instability of
the economic and political environments in which the Company operates or owns
interests, oil and gas exploration, development, exploitation, production,
marketing and transportation, loss of markets, volatility of commodity prices,
currency fluctuations, imprecision of reserve estimates, environmental risks,
competition from other producers, inability to retain drilling rigs and other
services, incorrect assessment of the value of acquisitions, the inability to
settle the definitive terms of the farmout arrangements, failure to realize the
anticipated benefits of acquisitions, delays resulting from or inability to
obtain required regulatory approvals and ability to access sufficient capital
from internal and external sources, reliance on key personnel, regulatory risks
and delays, including risks relating to the acquisition of necessary licenses
and permits, environmental risks and insurance risks. 


The estimates of reserves and resources in this news release constitute
forward-looking information which are subject to certain risks and
uncertainties, including those associated with the Company's future development
plans, the drilling and completion of future wells, limited available geological
data and uncertainties regarding the actual production characteristics of, and
recovery efficiencies associated with, the reservoirs, all of which are being
assumed. As estimates, there is no guarantee that the estimated reserves or
resources will be recovered or produced. Actual reserves and resources may be
greater than or less than the estimates provided in this news release. 


You should not place undue importance on forward-looking information and should
not rely upon this information as of any other date. While the Company may elect
to, the Company is under no obligation and does not undertake to update this
information at any particular time, except as required by law.