Mr. Shahin Amini reports

AFRICA OIL PUBLISHES SWEDISH PROSPECTUS FOR ADMISSION TO TRADING OF NEW COMMON SHARES ON NASDAQ STOCKHOLM

On June 24, 2024, Africa Oil Corp. entered into a definitive agreement with BTG Pactual Oil & Gas SARL and BTG Pactual Holding SARL to consolidate their respective shareholdings in Prime Oil & Gas Cooperatief UA. A Swedish prospectus regarding the admission to trading on Nasdaq Stockholm of 239,828,655 new common shares issued to BTG Oil & Gas as part of the amalgamation has today been approved by and registered with the Swedish Financial Supervisory Authority (the SFSA) (Sw. Finansinspektionen).

The prospectus is available on Africa Oil's website and will be available on the SFSA's website. For complete information about the amalgamation and the admission to trading of the new common shares on Nasdaq Stockholm, please refer to the prospectus.

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.