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RECONAFRICA ANNOUNCES COMPLETION OF C$47.5 MILLION BOUGHT DEAL OFFERING

Reconnaissance Energy Africa Ltd. (the “Company” or “ReconAfrica”) (TSXV: RECO) (OTCQX: RECAF) (Frankfurt: 0XD) is pleased to announce that it has completed its previously announced bought deal offering (the “Offering”) of units (the “Units”) for gross proceeds of C$47,466,250, including the full exercise of the over-allotment option in the amount of C$6,191,250. The Offering was completed by way of a short form prospectus filed in all of the provinces of Canada, except Québec, and the Units wer

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