ERHC Finance Plans Supported by Chrome Group Units

Chrome Oil Services Ltd. and Chrome Energy LLC, subsidiaries of The Chrome Group, announced their support for ERHC Energy's proposal for raising funds for its exploration programs in highly prospective acreage in East, Central and West Africa. The two firms combined hold approximately 43% of ERHC Energy's outstanding common stock.

ERHC is seeking finance from equity issuances to existing and new shareholders as well as from appropriate debt instruments and other arrangements to offset the costs of exploration work programs in Kenya, Chad and the EEZ, which require substantial capital expenditures over the next few years.

"Chrome Oil Services Ltd. and Chrome Energy LLC are in favor of giving ERHC's management and board the financial flexibility needed to realize the value of the Company's highly prospectiveassets," said Sir Emeka Offor, chairman of The Chrome Group. "ERHC has done a commendable job of diversifying its portfolio of assets and we at Chrome believe that shareholder value, which is our overriding concern, can be derived from facilitating the Company's exploration programs and ambitious growth plans."

ERHC Energy's Board of Directors is seeking shareholder approval of a proposal to amend the Company's Restated Articles of Incorporation to increase the number of authorized shares of Common Stock and to authorize the Company's Board to create and issue preferred stock. A Special Meeting of Shareholders of ERHC is scheduled for October 9, 2012 in Houston, Texas.