Ms. Panwen Gao reports

SAHARA ENERGY LTD. ANNOUNCES APPOINTMENT OF DIRECTORS

Sahara Energy Ltd. has appointed Zhaohui (John) Liang and Jennifer Li as directors, effective Aug. 25, 2021. 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.

Mr. 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 $1-billion (U.S.), acted as the senior director of real estate for a U.S. national real estate chain with over $10-billion (U.S.) in annual sales revenue, acted as head of acquisitions and finance for a U.S. regional developer operating and developing retail properties in the Northeast, Mid-Atlantic and Midwest areas of the United States and acted as senior asset manager for a major commercial real estate investment trust 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 and real estate) from The Wharton School of the University of Pennsylvania.

Ms. 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 Corp., a company listed on the Stock Exchange of Hong Kong Ltd. (1613.HK), with a market capitalization of $394.14-million (Hong Kong). In addition, Ms. Li has served as an independent director of Neo-Neon Holdings Ltd., a company listed on the Stock Exchange of Hong Kong Ltd. (1868.HK), with a market capitalization of $1.005-billion (Hong Kong), since August, 2014. Ms. Li holds a master of management and administrative sciences from the University of Texas and a master of arts in economics from Southern Methodist University. She also holds a bachelor's of arts in economics from Fudan University.