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Regulatory press release

Africa Oil Corp: Africa Oil Share Capital and Voting Rights Update

Meren Energy
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VANCOUVER, BC, August 31, 2023 /CNW/ - (AOI-TSX, AOI-Nasdaq-Stockholm) - 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.

As a result of the exercise of stock options under the Company's stock option plan, Africa Oil now has 462,367,871 common shares issued and outstanding with voting rights as at August 28, 2023.

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 06:00 p.m. ET on August 31, 2023.

Forward Looking Information
Certain statements and information contained herein constitute "forward-looking information" (within the meaning of applicable Canadian securities legislation). All statements other than statements of historical fact may be forward-looking statements. 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, ongoing uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking statements.

View PDF version (https://mb.cision.com/Public/17207/3827710/86678572411254ef.pdf)

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