Africa Oil Updated Share Capital and Voting Rights

VANCOUVER, BRITISH COLUMBIA--(Marketwired - Feb 27, 2015) - Africa Oil Corp. ("Africa Oil" or the "Company") (TSX:AOI)(OMX:AOI) reports that in accordance with the Swedish Financial Instruments Trading Act, the Company announces the following:

As a result of the issuance of shares pursuant to closing a private placement and the exercise of employee stock options, as at February 27, 2015, the number of issued and outstanding shares of the Company is 369,954,649 common shares with voting rights.

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 Corp.. The Company is listed on the Toronto Stock Exchange and on Nasdaq Stockholm under the symbol "AOI".

ON BEHALF OF THE BOARD

Keith C. Hill, President and CEO