Africa Oil Corp.
TSX VENTURE : AOI

Africa Oil Corp.

March 31, 2009 17:40 ET

Africa Oil Corporate Update

VANCOUVER, BRITISH COLUMBIA--(Marketwire - March 31, 2009) - Africa Oil Corp. ("Africa Oil" or "the Company") (TSX VENTURE:AOI) reports that it has granted an aggregate of 1,770,000 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 $1.18 per share.

ON BEHALF OF THE BOARD

Rick Schmitt, President

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.

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