Africa Oil Corp.
TSX VENTURE : AOI

Africa Oil Corp.

June 24, 2008 18:36 ET

Africa Oil Corporate Update

VANCOUVER, BRITISH COLUMBIA--(Marketwire - June 24, 2008) - Africa Oil Corp. ("Africa Oil" or "the Company") (TSX VENTURE:AOI) reports that it has granted an aggregate of 390,000 incentive stock options to certain directors, officers and eligible persons of the Company. The options are exercisable, subject to vesting provisions, over a period of three years at a price of $6.25 per share.

In addition, Africa Oil reports that at the Company's Annual General Meeting held on June 23, 2008 in Vancouver, B.C., the following persons were elected to the Board of Directors:

Richard Schmitt, President and CEO

J. Cameron Bailey

Keith C. Hill

Gary S. Guidry

Ian Gibbs

Mr. Paul Conibear chose not to stand for re-election due to other work commitments.

ON BEHALF OF THE BOARD

Rick Schmitt, President

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

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