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AFRICA OIL SHARE CAPITAL AND VOTING RIGHTS UPDATE

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VANCOUVER, BC, May 31, 2022 /CNW/ - (TSX: AOI) (NASDAQ Stockholm: AOI) – Africa Oil Corp. ("Africa Oil", or the "Company") reports the following share capital and voting rights update in accordance with the Swedish Financial Instruments Trading Act. View PDF

As a result of the exercise of stock options under the Company's Stock Option Plan, the Company now has 477,192,632 common shares issued and outstanding with voting rights as at May 31, 2022.

About Africa Oil

Africa Oil Corp. is a Canadian oil and gas company with producing and development assets in deepwater Nigeria; development assets in Kenya; and an exploration/appraisal portfolio in Africa and Guyana. The Company is listed on the Toronto Stock Exchange and on Nasdaq Stockholm under the symbol "AOI".

Additional Information

This information is information that Africa Oil is obliged to make public pursuant to the Swedish Financial Instruments Trading Act. The information was submitted for publication, through the agency of the contact persons set out above, at 5:30 p.m. ET on May 31, 2022.

AFRICA OIL SHARE CAPITAL AND VOTING RIGHTS UPDATE (CNW Group/Africa Oil Corp.)
AFRICA OIL SHARE CAPITAL AND VOTING RIGHTS UPDATE (CNW Group/Africa Oil Corp.)

SOURCE Africa Oil Corp.

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View original content to download multimedia: http://www.newswire.ca/en/releases/archive/May2022/31/c2917.html

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