Statement Regarding Africa Oil's Activity in Ethiopia

Africa Oil Corp. operates within international and domestic laws in all areas of our activity. Our company has a good track record of implementing a wide range of Corporate Social Responsibility policies and we are proud to play an active and positive role in the countries where we operate. We work closely with the local communities in these areas including regular engagement and consultation.

We recognize that we often operate in challenging environments but believe strongly that the responsible, sustainable and transparent development of natural resources can lead to positive economic and social improvements for host countries and their citizens.

Keith Hill