FOR IMMEDIATE RELEASE

ERHC Energy Inc. Reports Third Quarter 2006 Financial Results

HOUSTON, August 9, 2006 - ERHC Energy Inc. (OTCBB: ERHE) today reported
financial results for the third quarter ended June 30, 2006.

As of June 30, 2006, ERHC reported cash assets totaling $41.3 million.

During the three months ended June 30, 2006, ERHC had a net loss of $621,474,
compared to a net loss of $223,628 for the three months ended June 30, 2005.
Interest income increased by $527,732 due to the significant cash balance
related to proceeds from the sale of participation interests in Blocks 2, 3 and
4 of the Joint Development Zone (JDZ) during the first quarter. General and
administrative expenses during the third quarter increased by $1.2 million over
the same period last year, due to an increase in legal costs, accounting of
employee stock options in fiscal 2005, and increased travel and administrative
expenses of doing business internationally.

For the nine months ended June 30, 2006, ERHC had net income of $24.2 million,
compared with a net loss of ($8.2 million) for the nine months ended June 30,
2005.

"The company has strengthened its financial standing due to the infusion of cash
from the sale of participation interests in the JDZ," said Nicolae Luca, acting
chief executive officer. "Though our general and administrative costs have
risen, we believe that engaging top legal counsel to represent the interests of
the company and its shareholders is money well spent."

Mr. Luca said the company remains pleased with the progress being made by Addax
Petroleum and Sinopec Corp., which have entered into production sharing
agreements with ERHC.

According to Addax Petroleum, which has been designated the operator of Block 4
of the JDZ and has a participating interest in JDZ Blocks 2 and 3, seismic data
acquired over each of the Blocks is presently being analyzed to delineate
potential drilling locations.

About ERHC Energy
ERHC Energy Inc. is a Houston-based independent oil and gas company focused on
growth through high impact exploration in the highly prospective Gulf of Guinea
and the development of undeveloped and marginal oil and gas fields. ERHC is
committed to creating and delivering significant value for its shareholders,
investors, and employees; sustainable and profitable growth through risk
balanced smart exploration, cost efficient development and high margin
production.


Safe Harbor Statement
This press release contains "forward-looking statements," including statements
about ERHC Energy Inc.'s future operating milestones, financing plans, as well
as other matters that are not historical facts or information. These
forward-looking statements are based on management's current assumptions and
expectations and involve risks, uncertainties and other important factors,
specifically including those relating to the Company's ability to exploit its
commercial interests in the JDZ and the exclusive territorial waters of Sao Tome
and Principe, that may cause the Company's actual results to be materially
different from any future results expressed or implied by such forward-looking
statements. The Company undertakes no obligation to update or revise any such
forward-looking statements, whether as a result of new information, future
events or otherwise, nor is there any assurance that the contemplated financing
will be effected, under the terms set forth herein or any other terms.