Africa Hydrocarbons Announces Closing of $2,250,000 Bought Deal Financing

NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN
THE UNITED STATES 


Africa Hydrocarbons Inc. (TSX VENTURE:NFK) (AHI or the Company) is pleased to
announce that it has completed its previously announced bought deal private
placement offering (the Offering) that was led by Canaccord Genuity Corp. (the
Underwriter), pursuant to which the Company issued 12,500,000 units (Units) at
$0.18 per Unit and raised gross proceeds of $2,250,000. This included 5,600,000
Units issued pursuant to the underwriter's option being exercised in full by the
Underwriter. Each Unit was comprised of one common share in the capital of the
Company (Common Share) and one half of one Common Share purchase warrant. Each
whole warrant entitles the holder to acquire one Common Share at a price of
$0.30 per Common Share until November 7, 2014. The securities issued pursuant to
the Offering are subject to a statutory hold period of four months plus one day
from the date of issue.


In connection with the Offering, the Company paid the Underwriter a fee of 7% of
the aggregate gross proceeds of the Offering. In addition, the Underwriter was
issued broker warrants (Broker Warrants) entitling the Underwriter to subscribe
for Common Shares equal to 7% of the aggregate number of Units issued under the
Offering at an exercise price of $0.30 per Common Share. The Broker Warrants
expire May 7, 2015. 


Proceeds from the Offering will be used for general corporate purposes.

About the Company

AHI is a Canadian based international oil and natural gas company involved in
the acquisition, exploration and development of energy assets, with an emphasis
on Africa. The key asset of the Company is its 47.5% owned Bouhajla Block,
located onshore in Tunisia within the productive Pelagian Basin.


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 News Release.


This press release, required by applicable Canadian laws, is not for
distribution to U.S. News services or for dissemination in the United States,
and does not constitute an offer to sell or a solicitation of an offer to sell
any of the securities described herein in the United States. These securities
have not been, and will not be, registered under the United States Securities
Act of 1933, as amended, or any state securities laws, and may not be offered or
sold in the United States or to U.S. Persons unless registered or exempt
therefrom.


ON BEHALF OF THE BOARD OF

AFRICA HYDROCARBONS INC.

John Nelson, CEO

Forward-Looking Statements

This news release contains forward-looking statements and forward-looking
information within the meaning of applicable securities laws. The use of any of
the words "expect", "anticipate", "continue", "estimate", "objective",
"ongoing", "may", "will", "project", "should", "schedule", "believe", "plans",
"intends" and similar expressions are intended to identify forward-looking
information or statements. More particularly and without limitation, this news
release contains forward looking statements and information concerning the
Offering and the use of proceeds of the Offering. By their nature,
forward-looking statements are subject to numerous risks and uncertainties, some
of which are beyond management's control, including the receipt of third party
approvals, including shareholder and regulatory approvals, the impact of general
economic conditions, industry conditions, volatility of commodity prices,
currency fluctuations, imprecision of reserve or resource estimates,
environmental risks, competition from other industry participants, the lack of
availability of qualified personnel or management, stock market volatility and
ability to access sufficient capital from internal and external sources. 


Readers are cautioned that the assumptions used in the preparation of such
information, although considered reasonable at the time of preparation, may
prove to be imprecise and, as such, undue reliance should not be placed on
forward-looking statements. Actual results, performance or achievement could
differ materially from those expressed in, or implied by, these forward-looking
statements. No assurance can be given that any of the events anticipated will
transpire or occur, or if any of them do so, what benefits will derive from
them. Except as required by applicable securities laws, AHI disclaims any
intention or obligation to update or revise any forward-looking statements,
whether as a result of new information, future events or otherwise.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Africa Hydrocarbons Inc.
John Nelson
CEO
[phone]
www.africahydrocarbons.com