ZaZa Energy Corporation Announces Resignation of Adam Kroloff and Bernard de Combret as Director

On December 7, 2012, ZaZa Energy Corporation entered into the consulting agreement with Adam Kroloff and Bernard de Combret. On December 7, 2012, Adam Kroloff resigned as a director of the company. At the time of his resignation, Mr. Kroloff was a member of the Nominating and Corporate Governance Committee of the board.

Mr. Kroloff was formerly the Chairman of the board of Toreador Resources Corporation, in his capacity as a director, with the integration of Toreador into the company post merger. On December 7, 2012, Bernard de Combret resigned as a director of the company. At the time of his resignation, Mr. de Combret was a member of the Nominating and Corporate Governance Committee and the Audit Committee of the board.