Africa Oil Announces Two Additional Oil Discoveries in Kenya

(TSX VENTURE:AOI)(OMX:AOI) Africa Oil Corp. ("Africa Oil" or the "Company") is
pleased to announce that the Amosing-1 and Ewoi-1 exploration wells in Block
10BB, onshore Northern Kenya, have resulted in the discovery of two new large
oil fields. These two wells continue the 100% success rate in the South Lokichar
Basin with seven out of seven discoveries to date. 


Based on results of drilling, wireline logs and samples of reservoir fluid, the
Amosing-1 well has intersected potential net oil pay of 160 to 200 metres,
significantly exceeding pre-drill expectations. Amosing is located 7 kilometres
southwest of the previously announced Ngamia discovery along the western basin
bounding fault trend commonly referred to as the "string of pearls".


On the eastern side of the basin known as the rift flank play, the Ewoi-1 well
has encountered potential net pay of 20 to 80 metres and has continued to
de-risk the basin flank play opened up by the Etuko-1 well in 2013 located 4
kilometres to the east. 


Following completion of logging operations, the wells will be suspended for
future flow testing which will confirm the net pay counts. These two rigs will
mobilize to drill the Emong-1 prospect (formerly called Ngamia West), and the
Twiga South-2 appraisal well, both located in Block 13T. 


Africa Oil has a 50% interest in both discoveries with operator Tullow Oil plc
holding the remaining 50% interest.


The Etuko-1 well testing in Block 10BB is underway and is scheduled to be
completed later this month and the Ekales-1 well test should commence shortly.
Drilling continues on the El Kuran discovery in the Somali region of Ethiopia
and is expected to reach the new revised total depth of 3,500 metres by the end
of the first quarter. New basin opening wells at Sala-1 in Block 9 in Kenya and
the Shimela-1 well in the Chew Bahir Basin in South Omo Block in Ethiopia are
expected to spud in February and April, respectively. The partnership has
elected not to continue into the next exploration phase in Block 10A in Kenya
and the previously planned test of the Paipai well has been cancelled due to
concerns over economic viability.


Keith Hill, President and CEO of Africa Oil commented, "The continued success of
our exploration program in northern Kenya will allow us to drive development
plans forward with greater certainty. Given that we have now had a 100% success
rate on exploration prospects in the basin, we expect to see more growth in
resources and more discoveries as our aggressive drilling program unfolds in
2014. In addition, the several new analogous basin opening wells being drilled
during this program also have the potential to bring a step change in company
valuation upon success." 


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. Seven
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]
[phone] (FAX)
[e-mail]
www.africaoilcorp.com