Africa Oil Annual General and Special Meeting to be Held on April 20, 2021

VANCOUVER, BC, March 30, 2021 /CNW/ - (TSX: AOI) (Nasdaq Stockholm: AOI) Africa Oil Corp. ("Africa Oil", "AOC" or the "Company") announces that its Annual General and Special Meeting of Shareholders will be held on Tuesday, April 20, 2021 at 9:00 am (Pacific Time) at Suite 2000, 885 West Georgia Street Vancouver, BC, V6C 3E8. View PDF version.

In response to the public health impact of the COVID-19 pandemic and to mitigate risks to the health and safety of the Company's shareholders, employees, and local communities, the Company requests that shareholders not attend the meeting in-person. Shareholders are instead encouraged to exercise their right to vote by proxy or voting instruction form in advance of the meeting.

The purpose of the meeting is as follows:

The record date for the Annual General and Special Meeting of Shareholders was March 16, 2021. The Notice of Meeting, Management Information Circular, and related meeting materials are now available under the Company's profile on SEDAR at www.sedar.com and on the Company's website at www.africaoilcorp.com.

Shareholders wishing to attend the meeting in person should contact Rashida McLean at aoi@namdo.com and the Company will make arrangements that comply with all recommendations, regulations and orders related to the COVID-19 pandemic. The Company may take additional precautionary measures in relation to the Meeting as necessary in response to further developments related to the COVID-19 pandemic and shall comply with all applicable recommendations, regulations and orders.

How to Vote if Your Securities Trade on the Nasdaq Stockholm Exchange

The following information is of significance to shareholders who hold their securities ("Euroclear Registered Securities") through Euroclear Sweden AB, which securities trade on Nasdaq Stockholm. Shareholders who hold Euroclear Registered Securities are not registered holders of voting securities for the purposes of voting at the meeting. Instead, Euroclear Registered Securities are registered under CDS & Co., the registration name of the Canadian Depositary for Securities. Holders of Euroclear Registered Securities will receive a VIF by mail directly from Computershare AB ("Computershare Sweden"). Additional copies of the VIF, together with the Company's Management Information Circular, can also be obtained from Computershare Sweden and are available on the Company's website (www.africaoilcorp.com). The VIF cannot be used to vote securities directly at the Meeting. Instead, the VIF must be completed and returned to Computershare Sweden, strictly in accordance with the instructions and deadlines that will be described in the instructions provided with the VIF.

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 EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact persons set out above, at 5:30 p.m. ET on March 30, 2021.

SOURCE Africa Oil Corp.