Africa Oil to Commence Trading on NASDAQ OMX Stockholm and Publishes Prospectus

Africa Oil to Commence Trading on NASDAQ OMX Stockholm and Publishes Prospectus 
VANCOUVER, BRITISH COLUMBIA -- (Marketwired) -- 06/26/14 --   Africa
Oil Corp. (TSX: AOI)(OMX: AOI) ("Africa Oil" or the "Company") is
pleased to announce that it has obtained approval of a secondary
listing of its shares on NASDAQ OMX Stockholm (the "Main Market")
(the "Listing"). The shares are expected to commence trading on the
Main Market on July 1, 2014. The last day of trading of the Company's
shares on NASDAQ OMX First North is expected to be June 30, 2014.
Holders of the Company's shares are not required to take any action
in connection with the Listing. There is no issue of new shares in
connection with the Listing, and the trading symbol "AOI" and
ISIN-code CA00829Q1019 will remain the same. The Company's common
shares will continue to trade on the Toronto Stock Exchange under the
symbol "AOI". 
A prospectus has been prepared in connection with the application for
admission of the Company's shares to trade on the Main Market. The
Company's listing prospectus has been approved by and registered with
the Swedish Financial Supervisory Authority and is available on the
Company's website at and Pareto Securities AB's
website at  
Keith Hill, President and CEO, commented, "The Company has enjoyed
tremendous growth over the past few years as a result of our multiple
major oil discoveries in Kenya. We expect much continued growth as
our exploration continues on our large prospective land package in
Kenya and Ethiopia. Our acreage encompasses over 215,000 square
kilometres and we've really only just begun to uncover the extent of
the oil resources there. It is timely now to graduate to the NASDAQ
OMX Stockholm main board as it will provide greater liquidity for the
Company's shares and allow for a broader shareholder base." 
Pareto Securities AB is the financial advisor to the Company in
connection with the Listing. 
About Africa Oil Corp. 
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 within a world-class exploration play fairway
with a total gross land package in this prolific region in excess of
215,000 square kilometres. The East African Rift Basin system is one
of the last of the great rift basins to be explored. Seven new
significant discoveries have been announced in the Northern Kenyan
basin in which the Company holds a 50% interest along with operator
Tullow Oil plc. The Company is listed on the Toronto Stock Exchange
and on First North at NASDAQ OMX-Stockholm under the symbol "AOI". 
Forward Looking Statements 
Certain statements made and information contained herein constitute
"forward-looking information" (within the meaning of applicable
Canadian securities legislation). Such statements and information
(together, "forward looking statements") relate to future events or
the Company's future performance, business prospects or
opportunities. Forward-looking statements include, but are not
limited to, statements with respect to estimates of reserves and or
resources, future production levels, future capital expenditures and
their allocation to exploration and development activities, future
drilling and other exploration and development activities, ultimate
recovery of reserves or resources and dates by which certain areas
will be explored, developed or reach expected operating capacity,
that are based on forecasts of future results, estimates of amounts
not yet determinable and assumptions of management. 
All statements other than statements of historical fact may be
forward-looking statements. Statements concerning proven and probable
reserves and resource estimates may also be deemed to constitute
forward-looking statements and reflect conclusions that are based on
certain assumptions that the reserves and resources can be
economically exploited. Any statements that express or involve
discussions with respect to predictions, expectations, beliefs,
plans, projections, objectives, assumptions or future events or
performance (often, but not always, using words or phrases such as
"seek", "anticipate", "plan", "continue", "estimate", "expect, "may",
"will", "project", "predict", "potential", "targeting", "intend",
"could", "might", "should", "believe" and similar expressions) are
not statements of historical fact and may be "forward-looking
statements". Forward-looking statements involve known and unknown
risks, uncertainties and other factors that may cause actual results
or events to differ materially from those anticipated in such
forward-looking statements. The Company believes that the
expectations reflected in those forward-looking statements are
reasonable, but no assurance can be given that these expectations
will prove to be correct and such forward-looking statements should
not be unduly relied upon. The Company does not intend, and does not
assume any obligation, to update these forward-looking statements,
except as required by applicable laws. These forward-looking
statements involve risks and uncertainties relating to, among other
things, changes in oil prices, results of exploration and development
activities, uninsured risks, regulatory changes, defects in title,
availability of materials and equipment, timeliness of government or
other regulatory approvals, actual performance of facilities,
availability of financing on reasonable terms, availability of third
party service providers, equipment and processes relative to
specifications and expectations and unanticipated environmental
impacts on operations. Actual results may differ materially from
those expressed or implied by such forward-looking statements. 
Cautionary Statements regarding Well Test Results 
Drill stem tests are commonly based on flow periods of 1 to 5 days
and build up periods of 1 to 3 days. Pressure transient analysis has
not been carried out on all well tests and the results should
therefore be considered as preliminary. Well test results are not
necessarily indicative of long-term performance or of ultimate
Keith C. Hill, President and CEO 
Africa Oil's Certified Advisor on NASDAQ OMX First North is Pareto
Securities AB. 
Africa Oil Corp.
Sophia Shane
Corporate Development
(604) 689-7842
(604) 689-4250 (FAX)
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