Africa Oil Corporate Update

October 6, 2008 6:03 PM EDT

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Oct. 6, 2008) - Africa Oil Corp. (TSX VENTURE: AOI) ("Africa Oil" or "the Company") reports that it has granted an aggregate of 375,000 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 $3.90 per share.


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.

FOR FURTHER INFORMATION PLEASE CONTACT:
        Africa Oil Corp.
        Sophia Shane
        Corporate Development
        (604) 689-7842
        Fax: (604) 689-4250 (FAX)
        Email: africaoilcorp@namdo.com
        Website: www.africaoilcorp.com

Source: Africa Oil Corp.


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