Nordic Oil and Gas Announces New Flow-Through Offering

Nordic Oil and Gas Ltd. (TSX VENTURE:NOG) today announced that the Company will
be undertaking a new non-brokered private placement offering (the "Offering") of
up to 20,000,000 units ("Units") at a price of $0.05 per Unit for gross proceeds
of up to $1,000,000. Each Unit of the Offering will consist of one Class A
common share of the Company issued as a "flow-through share" within the meaning
of the Income Tax Act (Canada) and one Class A common share purchase warrant (a
"Warrant"). Each Warrant will entitle the holder thereof to purchase one regular
Class A common share of the Company at a price of $0.05 per share for a period
of 60 months from the date of issuance. 


The securities issued pursuant to the Offering are subject to a four-month hold
period from the date of issuance. The Company anticipates multiple closings of
the Offering in the coming weeks. 


Certain finders are expected to assist the Company by introducing potential
subscriber(s) to the Offering and, subject to compliance with applicable
legislation, will be entitled to receive fees equal to up to 10% of the purchase
price of the Units sold pursuant to the Offering, as well as compensation
warrants (the "Finder's Warrants") equal to up to 10% of the number of Units
sold pursuant to the Offering. Each Finder's Warrant shall entitle the holder
thereof to purchase one regular Class A common share of the Company at a price
of $0.05 for a period of 60 months from the date of issuance.


The closing of the Offering is subject to the final approval of the TSX Venture
Exchange. 


In other news, Nordic Oil and Gas Ltd. President Donald Benson also announced
today that that pursuant to the terms and conditions of its Stock Option Plan,
the Board of Directors has approved the granting of 6,400,000 stock options to
directors and officers of the Company. The options, which are effective
immediately, are priced at $0.05 per share and will run for a period of 10 years
from today's date.


The issuance of the stock options is subject to regulatory approval.

About Nordic Oil and Gas Ltd.

Nordic Oil and Gas Ltd. is a junior oil and gas company engaged in the
exploration and development of oil and natural gas in Western Canada. The
Corporation is listed on the TSX Venture Exchange and trades under the symbol
NOG.


Neither the 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 the contents of this News
Release.


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FOR FURTHER INFORMATION PLEASE CONTACT: 
Nordic Oil and Gas Ltd.
Don Bain
204-943-1810
204-943-1829 (FAX)