Africa Oil Provides Operational Update

(TSX VENTURE:AOI)(OMX:AOI) Africa Oil Corp. ("Africa Oil" or the "Company")
would like to provide the following operational update on its activities in
Kenya and Ethiopia.


Drilling operations continue with strong community support in the South Lokichar
basin in Northern Kenya which is the site of five consecutive significant oil
discoveries by Africa Oil in conjunction with its 50% partner and Operator,
Tullow Oil Plc. The Amosing well has spud and is drilling ahead on schedule. It
is located 7 kilometers southeast of the Ngamia discovery which had over 200
meters of net pay and is a similar basin bounding fault trap in which has been
referred to as the "string of pearls" trend. The well is expected to be
completed by the end of January. The rig which recently completed the Agete
discovery with at least 100 meters of net oil pay, is being mobilized to the
Ewoi prospect and is expected to spud by the end of the year. Ewoi is a large
faulted structure updip from the recent Etuko discovery on the Rift Flank
portion of the basin. The two lightweight rigs in the basin are currently being
rigged up for testing on the Etuko and Ekales discoveries and test results for
both are expected early in the first quarter of 2014. The 3D seismic survey over
the western flank of the basin is also expected to commence before the end of
the year and civils construction on several exploration and appraisal locations
has been accelerated to keep pace with the aggressive planned drilling schedule.



In Kenya Block 9, the Africa Oil operated Bahasi well has been drilled to a
depth of 2900 meters, encountering metamorphic basement at 2850 meters. A thick
section of Tertiary and Cretaceous interbedded sands and shales were encountered
with only minor shows of gas throughout the section and the well is being
plugged and abandoned. The rig will now move to the Sala location on the
northeast flank of the basin to test a large prospect in a separate sub-basin
updip from the Bogal well drilled in 2010 which appeared to find a significant
gas accumulation and also near the Ndovu well drilled in 1988 which had good
shows of oil and gas. This well is expected to be completed by the end of the
first quarter of 2014.


In the South Omo block in Ethiopia, the Tutule-1 well has reached a total depth
of 2101 meters. The well encountered a section similar to the nearby Sabisa-1
well in the upper portion of the well but the sands which appeared to be oil
saturated in the Sabisa well were not present on the Tutule horst block feature
with multiple volcanic units and shales in this section. There were gas shows in
the section which point to a potential hydrocarbon source and the results of
these two wells will be analyzed to determine the future exploration program
direction in the North Turkana Basin. The OGEC rig will be moved to the Chew
Bahir basin to drill the Shimela prospect in the eastern portion of the South
Omo permit where new seismic has delineated a number of new prospects and
potential source basins. Due to the lengthy move and extensive civil works, this
well is not expected to spud until the end of the first quarter of 2014. 


In Block 8 in Ethiopia, drilling continues on the El Kuran-3 well with the
current depth being 1978 meters. The well has encountered a 1200 meter section
of Jurassic Hamenlei carbonates, with some interbedded sands and anhydrite, with
wet gas and oil shows throughout the interval, similar to the results of the El
Kuran-1 well drilled by Tenneco in 1972. These reservoirs appear to be fairly
low porosity and permeability and, as expected, will likely require acid or
fracture stimulation to produce at commercial levels. Oil and gas-condensate was
recovered from one of sample chambers and is being sent for analysis. At the
base of the well, a flow of gas was encountered and the well has been suspended
in order to mobilize test equipment to evaluate this zone. A decision has also
been taken to deepen the well below the planned target depth to evaluate the
deeper Gumboro zone which has significant gas condensate potential. With the
recent announcement of a Chinese company entering the basin and potentially
providing export infrastructure, the economics of the basin could be vastly
improved.


Africa Oil CEO Keith Hill stated, "While we are disappointed that the Bahasi and
Tutule wells did not find commercial hydrocarbons, we look forward to
aggressively pursuing other exploration opportunities in other sub-basins within
these two large blocks and in the other 9 new basins yet to be drilled. The
exploration, appraisal and development studies in the proven South Lokichar
Basin continue to be our main focus, but we are still confident we will unlock
other productive basins on this trend. This fully funded increased level of
activity, with a minimum of six rigs working full time for the foreseeable
future, should continue to deliver high potential upside value for shareholders
in 2014 and beyond." 


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 250,000 square kilometers. The East African Rift
Basin system is one of the last of the great rift basins to be explored. Five
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 TSX Venture Exchange and on First North at NASDAQ
OMX-Stockholm under the symbol "AOI".


ON BEHALF OF THE BOARD

"Keith C. Hill"

President and CEO

Africa Oil's Certified Advisor on NASDAQ OMX First North is Pareto Securities AB.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that
term is defined in the policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this release.


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.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Africa Oil Corp.
Sophia Shane
Corporate Development
(604) 689-7842
(604) 689-4250 (FAX)
africaoilcorp@namdo.com
www.africaoilcorp.com
Africa Oil Corp. (TSXV:AOI)
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