Sahara Energy Ltd. Announces Appointment of Directors

Calgary, Alberta--(Newsfile Corp. - August 26, 2021) - Sahara Energy Ltd. (TSXV: SAH) ("Sahara") is pleased to announce that, effective August 25, 2021, Zhaohui (John) Liang and Jennifer Li have been appointed as Directors of Sahara. Both Mr. Liang and Ms. Li bring a wealth of knowledge and skill to the Sahara Board that both complements and strengthens the breadth and depth of the Board's collective experience and expertise.

John Liang is a U.S. Licensed Architect with over 20 years of experience across the full real estate value chain, including finance, acquisitions, asset/portfolio management, entitlements and development, with in-depth knowledge of the U.S. real estate market. Over the course of his career, among other things, as President of U.S. Operations of a Shanghai-based conglomerate, Mr. Liang facilitated international U.S. real estate investments of over USD$1 billion, acted as the Senior Director of Real Estate for a U.S. national real estate chain with over USD$10 billion in annual sales revenue, acted as Head of Acquisitions & Finance for a U.S. regional developer operating and developing retail properties in the Northeast, Mid-Atlantic and Mid-West areas of the U.S. and acted as Senior Asset Manager for a major commercial REIT in the U.S. Mr. Liang has a bachelor's degree in Architecture from the University of Arkansas and a Master of Business Administration (Dual Major in Finance & Real Estate) from The Wharton School of the University of Pennsylvania.

Jennifer Li, who will serve as an independent member of the Board, currently acts as the Chief Operation Officer of Horizon Vision Capital Advisors, LLC and also serves as an independent director of Synertone Communication Corporation, a company listed on the Stock Exchange of Hong Kong Limited (1613.HK), with a market capitalization of HKD$394.14 million. In addition, Ms. Li has served as an independent director of Neo-Neon Holdings Limited, a company listed on the Stock Exchange of Hong Kong Limited (1868.HK), with a market capitalization of HKD$1.005 billion, since August 2014. Ms. Li holds a Masters of Management and Administrative Sciences from the University of Texas and a Master of Arts in Economics from Southern Methodist University. She also holds Bachelor of Arts in Economics from Fudan University.

NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (as that term is defined in the Policies of the TSX Venture Exchange) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

FOR FURTHER INFORMATION, PLEASE CONTACT:

Sahara Energy Ltd.
Panwen (Michelle) Gao, Chief Executive Officer, or
Quanli (Samuel) Wang, Vice President
(403) 232-1359
samuel@saharaenergy.ca

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