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2021-11-11

Africa Energy Corporate Update

VANCOUVER, BC, November 10, 2021 /CNW/ - Africa Energy Corp. (TSX Venture: AFE) (Nasdaq First North: AEC) ("Africa Energy" or the "Company"), an oil and gas company with exploration assets offshore South Africa and Namibia, has granted incentive stock options to certain directors, officers, employees and other eligible persons of the Company to acquire 23,210,000 shares of the Company at an exercise price of CAD$0.275 per share. The options are exercisable, subject to vesting provisions, over a period of five years.

Important information

This is information that Africa Energy 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 on November 10, 2021 at 6:30 p.m. ET.

The Company's certified advisor on Nasdaq First North Growth Market is Pareto Securities AB, +46 8 402 5000, certifiedadviser.se@paretosec.com

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

View PDF version (https://mb.cision.com/Public/19027/3451281/807a6cf983a6b4bf.pdf)

For further information, please contact:

Jeromie Kufflick
Investor Relations, Canada
+1 (604) 689-7842 

Sophia Shane
Investor Relations, Canada
+1 (604) 689-7842

Robert Eriksson
Investor Relations, Sweden
+46 701 112 615 

info@africaenergycorp.com
www.africaenergycorp.com

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