Nordic Oil and Gas Ltd. Announces First Closing of Private Placement Offering

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Donald Benson, Chairman and Chief Executive Officer of Nordic Oil and Gas Ltd.
(the "Corporation") (TSX VENTURE:NOG), today announced the first closing of the
Corporation's previously announced non-brokered private placement offering of
flow-through units (the "Offering"). The Corporation issued 528,400 flow-through
units (the "Units") at a price of $0.05 per Unit for gross proceeds of $26,420
to various subscribers, all of whom are considered insiders.


Each Unit consisted of one Class A common share of the Corporation issued as a
"flow-through share" within the meaning of the Income Tax Act (Canada) (a
"Flow-through Share") and one Class A common share purchase warrant (a
"Warrant"). Each Warrant entitles the holder thereof to purchase one regular
Class A common share of the Corporation at a price of $0.05 for a period of 60
months from the date of issuance. The Flow-through Shares and Warrants will be
restricted from transfer for a period of four months and a day from the date
hereof in accordance with applicable securities laws. 


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


The Corporation anticipates undertaking a second closing of the Offering in the
coming weeks.


In other news, Mr. Benson also announced today that that the date of interest
payment for the Company's Series C, 3 year, 10% Secured Convertible Redeemable
Debentures originally scheduled to mature on August 5, 2014, and amended to
December 5, 2014, with an interest payment due December 5, 2013, with a 30-day
grace period to January 5, 2014 has been further extended to December 14, 2014.


Beneficial holders representing the requisite percentage of the principal amount
of the debentures required to facilitate the extensions provided written consent
to the Trustee of the Debenture, Computershare Trust Company of Canada.


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, natural gas and Coal Bed Methane in Alberta
and Saskatchewan. The Corporation is listed on the TSX Venture Exchange and
trades under the symbol NOG. Nordic was one of the "2008 TSX Venture 50"
companies, a ranking of the top 10 public venture capital companies in five
industry sectors listed on the TSX Venture Exchange.


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
Corporate Secretary
204-229-7751
204-943-1829 (FAX)
[e-mail]
www.nordicoilandgas.com