Africa Oil Announces Fifth Consecutive Major Oil Discovery in Kenya

Africa Oil Corp. (TSX VENTURE:AOI)(OMX:AOI) ("Africa Oil" or the "Company") is
pleased to announce that the Agete-1 exploration well in Block 13T, onshore
Northern Kenya, has discovered and sampled moveable oil with an estimated 100
metres of net oil pay in good quality sandstone reservoirs. 


The Agete-1 wildcat well is part of a major exploration campaign and has made
the fifth consecutive oil discovery in the first of a chain of multiple rift
basins across Africa Oil's acreage in the region. This discovery de-risks
several follow-on prospects located to the north and on trend with the Twiga
South, Ekales, and Ngamia oil discoveries and adds to the significant resource
base already discovered.


The Sakson PR5 rig drilled Agete-1 to a total depth of 1,930 metres. Following
completion of logging operations the well will be suspended for future flow
testing which will confirm the net pay count. The rig will then move to drill
the Ewoi-1 wildcat in the east of this basin, targeting a rift flank prospect
similar to the recent Etuko oil discovery. Africa Oil has a 50% interest in the
discovery with operator Tullow Oil plc holding the remaining 50% interest.


Elsewhere in Kenya, exploration drilling activities continue to accelerate with
the Amosing-1 well in Block 10BB, expected to commence drilling before the end
of November with the Weatherford 804 rig. The Etuko-1 well test in Block 10BB is
also scheduled to commence this month with the PR Marriott 46 rig which recently
arrived in country and the Ekales-1 well test is scheduled to commence in early
December with the recently mobilized SMP-5 completion unit. The Africa Oil
operated Bahasi-1 well in the Block 9 is currently drilling as planned with
results expected by the end of December.


An additional two wells are currently drilling in Ethiopia, the Tutule-1 well in
the South Omo block, and the El Kuran-3 well in Block 8, with results also
expected before the end of the year.


Keith Hill, President and CEO of Africa Oil commented, "The highly prolific
nature of this basin is once again proven by this significant discovery. We
would expect to see a high rate of success on all exploration wells in this
basin based on results to date. We will have at least 6 rigs full time across
Kenya and Ethiopia for the foreseeable future and with our recent fund raising
are well placed to not only drill and appraise this basin but to drill basin
opening wells in the most prospective new areas in the coming 18 months." 


About Africa Oil

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".


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.


ON BEHALF OF THE BOARD

Keith C. Hill, President and CEO

Africa Oil's Certified Advisor on NASDAQ OMX First North Stockholm 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.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Africa Oil Corp.
Sophia Shane
Corporate Development
[phone]
[e-mail]
www.africaoilcorp.com