Information posted is accurate at the time of posting, but may be superseded by subsequent press releases.
Mar 31, 2008

Africa Oil Appoints Darren Moulds as CFO

VANCOUVER, BRITISH COLUMBIA--(Marketwire - March 31, 2008) - Africa Oil Corp. ("Africa Oil" or "the Company") (TSX VENTURE:AOI) is pleased to announce the appointment of Darren Moulds as Chief Financial Officer of the Company effective March 31, 2008.

Mr. Moulds brings to Africa Oil 9 years of financial experience in the oil and gas sector. He is a United States Certified Public Accountant (Illinois) and a graduate of the University of Saskatchewan where he obtained a bachelor of commerce degree.

Mr. Moulds replaces Ian Gibbs, who has resigned to focus on his full-time role as CFO of Tanganyika Oil Company Ltd.
Rick Schmitt, President and CEO of Africa Oil commented, "We are delighted to have Darren join our senior management team. He brings strong financial and leadership skills to the Company as Africa Oil enters into an exciting new phase of development. We also would like to thank Ian Gibbs for his outstanding contribution to the company and wish him all the best in the future."

Forward-looking statements: This press release contains statements about expected or anticipated future events and financial results that are forward-looking in nature and, as a result, are subject to certain risks and uncertainties, such as political risk, general economic, market and business conditions, the regulatory process and actions, technical issues, new legislation, competitive and general economic factors and conditions, the uncertainties resulting from potential delays or changes in plans, the occurrence of unexpected events and management's capacity to execute and implement its future plans. Actual results may differ materially from those projected by management.


Rick Schmitt, President


Africa Oil Corp.
Sophia Shane
Corporate Development
(604) 689-7842
(604) 689-4250 (FAX)