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Africa Oil Shabeel North Update
11:06 EDT Wednesday, July 18, 2012

VANCOUVER, BRITISH COLUMBIA--(Marketwire - July 18, 2012) - Africa Oil Corp. ("Africa Oil" or the "Company") (TSX VENTURE:AOI)(OMX:AOI) reports that the Horn Petroleum Corporation operated Shabeel North well is currently at a depth of 1967 meters and has penetrated a 50 meter gross section of upper Jesomma sands with oil shows. An open hole drill stem test is currently underway to determine if this zone is oil or water bearing.

Regardless of the result of this test, the well will continue to drill to the base of the Jesomma sands to evaluate any additional lower Jesomma potential pay zones.

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