ZaZa Prices Private Offering of $40 Million of 9% Convertible Senior Notes Due 2017

ZaZa Energy Corporation (“ZaZa”) ZAZA today announced the pricing of its offering of $40.0 million aggregate amount of Convertible Senior Notes due 2017 (the “Convertible Notes”) in a private placement to qualified institutional buyers and accredited investors. ZaZa intends to use the net proceeds from the offering, after discounts and offering expenses, to fund drilling capital expenditures and leasehold transactions and for general corporate purposes.