The TSX Venture Exchange has accepted for filing documentation relating to an assignment and share cancellation agreement, dated July 26, 2024, between Azinam Ltd., a wholly owned subsidiary of Eco (Atlantic) Oil & Gas Ltd., and Africa Oil S.A. Corp., a wholly owned subsidiary of Africa Oil Corp., whereby the company will sell a 1.00-per-cent participating interest in block 3B/4B offshore the Republic of South Africa in exchange for the cancellation of 54,941,744 common shares and 4,864,865 warrants in the capital of the company, currently held by Africa Oil.

For further details, please refer to the company's news releases dated July 29, 2024, and Jan. 13, 2025.