MENA Hydrocarbons Inc. ("MENA" or the "Company") (TSX VENTURE:MNH) has filed its
financial statements and related management's discussion & analysis for the
three and six months ended June 30, 2012 which are available on www.sedar.com.


Three Month ended June 30, 2012, highlights 

Included in the results is a Syria Block 9 update including a post quarter end
release of $1.5 million of restricted cash previously held on deposit in favour
of the Syrian government, leaving MENA's June 30, 2012, working capital
(pro-forma including this release) of a deficit of $6.2 million. The operator of
Block 9 declared force majeure on July 16, 2012. Under the terms of the PSC, the
time granted for completion of the exploration commitments shall be extended for
the period of time under Force Majeure. Also, an impairment test was performed
on the Company's Egyptian assets which determined that the assets were partially
impaired at June 30, 2012, and an impairment loss of $37.3 million was recorded
in the second quarter of 2012. 


Strategic Review Process Update 

On June 15, 2012, the Company announced it had initiated a process to identify,
examine and consider alternatives with the view to enhancing shareholder value.
A special committee of the board of directors has now been formed to deal with
emerging interested parties. The special committee is comprised of the three
independent MENA directors, being Abdel (Abby) Badwi, Robert Cross and Merfyn
Roberts. The Company has accepted the resignations of Brian Tingle and Greg
Clarkes, both former Skana Capital Corp. directors, and wishes to thank them for
their contributions to MENA. The six remaining MENA directors remain committed
to the strategic review process and determining the best possible outcome for
all stakeholders.


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. MENA's shares
currently trade on the TSX Venture Exchange under the symbol "MNH".


Forward looking information 

This news release contains forward-looking information relating to completion of
the strategic review process. 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, the Company maintaining its stock exchange
listing; the availability of capital on acceptable terms or at all and the
timing such capital is needed; 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 the Company's
ability to successfully maintain its stock exchange listing, the availability of
capital on acceptable terms or at all and the timing such capital is needed,
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. 


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.