MENA Hydrocarbons Inc. ("MENA" or the "Company") (TSX VENTURE:MNH) announced
further to its news release of January 30, 2012 that the Petroservices 750 HP
rig Shams 1 has completed customs inspection and arrived on site at MENA's 100%
owned Lagia concession in Egypt. Oil tanks have been placed and further
production equipment is expected to arrive prior to the end of February.
Operations coordination meetings with all suppliers and contractors for
drilling, completions, work overs and production are being held in Cairo next
week. Final rig inspection by MENA is expected to be completed in the next 10-14
days, at which time MENA expects to begin a six well program starting with its
first re-entry on the Lagia 6 existing well. Two re-entries followed by 4 new
drills will comprise the first phase of the Lagia development program. 


This press release contains certain forward-looking statements within the
meaning of applicable securities law. Forward-looking statements are frequently
characterized by words such as "plan", "expect", "project", "intend", "believe",
"anticipate", "estimate" and other similar words, or statements that certain
events or conditions "may" or "will" occur, including without limitation
statements relating to estimated production rates from the Company's properties
and intended work programs and associated timelines. Forward-looking statements
are based on the opinions and estimates of management at the date the statements
are made and are subject to a variety of risks and uncertainties and other
factors that could cause actual events or results to differ materially from
those projected in the forward-looking statements. The Company cannot assure
that actual results will be consistent with these forward looking statements.
They are made as of the date hereof and are subject to change and the Company
assumes no obligation to revise or update them to reflect new circumstances,
except as required by law. Prospective investors should not place undue reliance
on forward looking statements. These factors include the inherent risks involved
in the exploration for and development of crude oil and natural gas properties,
the uncertainties involved in interpreting drilling results and other geological
and geophysical data, fluctuating energy prices, the possibility of cost
overruns or unanticipated costs or delays and other uncertainties associated
with the oil and gas industry. Other risk factors could include risks associated
with negotiating with foreign governments as well as country risk associated
with conducting international activities, and other factors, many of which are
beyond the control of the Company. 


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 MENA's corporate presentation on
www.menahydrocarbons.com.