Africa Hydrocarbons Inc.
TSX VENTURE : NFK

Africa Hydrocarbons Inc.

April 12, 2012 15:14 ET

Africa Hydrocarbons Inc.: Tunisia Acreage Position Increased by 29%

VANCOUVER, BRITISH COLUMBIA--(Marketwire - April 12, 2012) - Africa Hydrocarbons Inc. (TSX VENTURE:NFK) ("AHI" or the "Company") is pleased to announce notification was received from Tunisian authorities that an application to expand the Bouhajla Permit has been accepted and the expansion granted as requested. The permit expansion is subject to government ratification and publication in the official Government Gazette. Twenty square kilometers of new 3D seismic was committed in conjunction with the acreage award under the same Production Sharing Contract terms as the original Permit.

The area of additional acreage represents an increase of 120 km2 or 29% of the area of the original Bouhajla Permit. The expansion area lies south of the Bouhajla North prospect on which a 55km2 3D seismic survey was recently completed. Processing and interpretation of the 3D survey over the Bouhajla North prospect is currently under way.

John Nelson, CEO of AHI states "The additional acreage dovetails nicely with the original Bouhajla Permit forming a larger, more contiguous exploration block. Additional upside was identified on the new acreage using vintage 2D seismic and we are now pleased to be able to further develop those leads and add them to our prospect inventory on the Permit."

About the Company

Africa Hydrocarbons Inc. is a Canadian listed exploration company with a vision to develop a significant presence in the developing oil and gas industry within Africa. The Company signed an agreement with DualEx Tunisia Inc., a wholly owned subsidiary of Dualex Energy International Inc., that grants the Company the right to earn 47.5% interest in a 416 km2 exploration permit located within onshore Tunisia.

Forward Looking Statements

Certain information set forth in this press release contains forward looking statements. The use of any of the words "anticipate", "continue", "estimate", "expect", "may", "will", "project", "should", "believe" and similar expressions are intended to identify forward looking statements. 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.

ON BEHALF OF THE BOARD OF AFRICA HYDROCARBONS INC.
John Nelson, President and CEO

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.

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