Africa Oil Corp.

Oil Exploration in the East African Rift basin system

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Africa Oil Corp. is a Canadian oil and gas company with assets in Kenya and Ethiopia as well as Puntland (Somalia) through its 45% equity interest in Horn Petroleum Corporation.

Africa Oil's East African holdings are in within a world-class exploration play fairway with a total gross land package in this prolific region in excess of 215,000 square kilometers. The East African Rift Basin system is one of the last of the great rift basins to be explored. Several new significant oil discoveries have been announced in the Lokichar basin of Kenya in which the Company holds a 50% interest along with operator Tullow Oil plc.

The Company is listed on the TSX and on NASDAQ OMX-Stockholm under the symbol "AOI".

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Focused in East Africa on a new oil basin

The Company's assets in Kenya and Ethiopia are world-class oil exploration projects and contain significant resource potential.

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