Mr. Shahin Amini reports

AFRICA OIL SHARE CAPITAL AND VOTING RIGHTS UPDATE

As a result of the exercise of stock options under Africa Oil Corp.'s stock option plan, Africa Oil now has 463,164,071 common shares issued and outstanding with voting rights as at Nov. 30, 2023.

About Africa Oil Corp.

Africa Oil is a Canadian oil and gas company with producing and development assets in deepwater Nigeria and an exploration/appraisal portfolio in west and south of Africa, as well as Guyana. The company is listed on the Toronto Stock Exchange and on Nasdaq Stockholm under the symbol AOI.