ZaZa Energy Corporation ZAZA announced
today that on August 15, 2012, the Company received a letter from The NASDAQ
Stock Market LLC ("NASDAQ"), as expected, indicating that since ZaZa has not
filed its Form 10-Q for the period ended June 30, 2012, the Company does not
comply with NASDAQ's Listing Rule 5250(c)(1) for continued listing. No later
than August 30, 2012, ZaZa is required to submit an update to the Company's
original plan, previously provided to NASDAQ, to regain compliance with
NASDAQ's filing requirements for continued listing.
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