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

Africa Oil to Commence Trading on NASDAQ OMX Stockholm and Publishes Prospectus 
FOR: Africa Oil Corp. 
JUNE 26, 2014 
Africa Oil to Commence Trading on NASDAQ OMX Stockholm and Publishes Prospectus 
VANCOUVER, BRITISH COLUMBIA--(Marketwired - June 26, 2014) - 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
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 recovery. 
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 
INDUSTRY:  Energy and Utilities - Oil and Gas  
-0- Jun/26/2014 20:44 GMT
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