Market Overview

ZaZa Energy Announces Receipt of NASDAQ Notification Letter

ZaZa Energy Corporation (NASDAQ: ZAZA) today announced that on May 21, 2012, the Company received a letter from The NASDAQ Stock Market LLC, as expected, indicating that since ZaZa has not filed the Company's Form 10-Q for the period ended March 31, 2012, the Company does not comply with NASDAQ's Listing Rule 5250(c)(1) for continued listing. Currently, the Company is required to submit a plan to regain compliance with NASDAQ's continued listing requirements no later than June 18, 2012. The NASDAQ notice has no immediate effect on the listing or trading of the Company's common stock on the NASDAQ Capital Market.

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