AIF Altus Group Limited

Africa Oil Corp. (TSX VENTURE:AOI)(OMX:AOI) ("Africa Oil" or "the Company")
reports that it has filed its Annual Information Form ("AIF") for the year ended
December 31, 2010 on the System for Electronic Document Analysis and Retrieval
("SEDAR"). The AIF contains the supplemental disclosure, including resource
information, as mandated and required by Canadian Securities Administrators
National Instrument 51-101 including the Statements and Reports required by
Forms 51-101F1 and 51-101F3.


A copy of the AIF as well as the Statements and Reports mandated by NI 51-101
referred to above can be found from viewing through the Company's page on
www.sedar.com. 


Africa Oil Corp. is a Canadian oil and gas company with assets in Kenya,
Ethiopia and Puntland (Somalia). Africa Oil's East African holdings are in
within a world-class exploration play fairway with a total gross land package in
this prolific region in excess of 350,000 square kilometers. The East African
Rift Basin system is one of the last of the great rift basins to be explored.
New discoveries have been announced on all sides of Africa Oil's virtually
unexplored land position including the major Albert Graben oil discovery in
neighbouring Uganda. Similar to the Albert Graben play model, Africa Oil's
concessions have older wells, a legacy database, and host numerous oil seeps
indicating a proven petroleum system. Good quality existing seismic show robust
leads and prospects throughout Africa Oil's project areas. The Company is listed
on the TSX Venture Exchange and on First North at NASDAQ OMX-Stockholm under the
symbol "AOI".


FORWARD-LOOKING STATEMENTS

Certain statements made and information contained herein constitute
"forward-looking information" (within the meaning of applicable Canadian
securities legislation). Such statements and information (together, "forward
looking statements") relate to future events or the Company's future
performance, business prospects or opportunities. Forward-looking statements
include, but are not limited to, statements with respect to estimates of
reserves and or resources, future production levels, future capital expenditures
and their allocation to exploration and development activities, future drilling
and other exploration and development activities, ultimate recovery of reserves
or resources and dates by which certain areas will be explored, developed or
reach expected operating capacity, that are based on forecasts of future
results, estimates of amounts not yet determinable and assumptions of
management.


All statements other than statements of historical fact may be forward-looking
statements. Statements concerning proven and probable reserves and resource
estimates may also be deemed to constitute forward-looking statements and
reflect conclusions that are based on certain assumptions that the reserves and
resources can be economically exploited. Any statements that express or involve
discussions with respect to predictions, expectations, beliefs, plans,
projections, objectives, assumptions or future events or performance (often, but
not always, using words or phrases such as "seek", "anticipate", "plan",
"continue", "estimate", "expect", "may", "will", "project", "predict",
"potential", "targeting", "intend", "could", "might", "should", "believe" and
similar expressions) are not statements of historical fact and may be
"forward-looking statements". Forward-looking statements involve known and
unknown risks, uncertainties and other factors that may cause actual results or
events to differ materially from those anticipated in such forward-looking
statements. The Company believes that the expectations reflected in those
forward-looking statements are reasonable, but no assurance can be given that
these expectations will prove to be correct and such forward-looking statements
should not be unduly relied upon. The Company does not intend, and does not
assume any obligation, to update these forward-looking statements, except as
required by applicable laws. These forward-looking statements involve risks and
uncertainties relating to, among other things, changes in oil prices, results of
exploration and development activities, uninsured risks, regulatory changes,
defects in title, availability of materials and equipment, timeliness of
government or other regulatory approvals, actual performance of facilities,
availability of financing on reasonable terms, availability of third party
service providers, equipment and processes relative to specifications and
expectations and unanticipated environmental impacts on operations. Actual
results may differ materially from those expressed or implied by such
forward-looking statements.


ON BEHALF OF THE BOARD

Keith Hill, President and CEO

Africa Oil's Certified Advisor on First North is E. Ohman J:or Fondkommission AB.

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