Nordic Oil and Gas Ltd. Ranked in Oilweek's Listing of Top Producers in Terms of Proved Natural Gas Reserves

WINNIPEG, MB. (July 4, 2013) - Donald Benson, Chairman and Chief Executive Officer of Nordic Oil and Gas Ltd. (the "Company" or "Nordic" ) is pleased to announce that in the July 2013 edition of Oilweek magazine - "Canada's Oil and Gas Authority" - the Company has been ranked 99th in Canada in terms of proved natural gas reserves with 1,920MCF (1.920BCF).

While Nordic's proved natural gas reserves at December 31, 2012 were 1.920BCF, the Company's proved plus probable natural gas reserves totaled 6.217BCF

"We are pleased to be recognized in Oilweek`s ranking of the top Canadian producers of natural gas, and this clearly underscores the strength of our natural gas reserves, ``Mr. Benson stated. ``Our planned natural gas drilling program at Joffre, Alberta will result in continued growth of our proven natural gas reserves.``

To further emphasize the significance of these numbers, every 600MCF of gas equates to 100BOEs* in terms of production.

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.

** In certain parts of this document, the term BOE is used. BOEs may be misleading, particularly if used in isolation. A BOE conversion ratio of 6 Mcf: 1 barrel is based on an energy equivalency conversion method primarily applicable at the burner tip and does not represent a value equivalency at the wellhead.

This press release contains forward-looking statements with respect to Nordic Oil and Gas Ltd. properties, and matters concerning the business, operations, strategy, and financial performance of Nordic. These statements generally can be identified by use of forward-looking words such as "may", "will", "expect", "estimate", "anticipate", "intends", "believe" or "continue" or the negative thereof or similar variations. Such forward-looking statements are qualified in their entirety by the inherent risks and uncertainties surrounding future expectations, including that the estimates and projections regarding the properties are realized. Forward-looking statements are based on a number of assumptions which may prove to be incorrect. Unless otherwise stated, all forward looking statements speak only as of the date of this press release and Nordic does not undertake any obligation to update such statements except as required by law.

For additional information, contact:

Don Bain, Corporate Secretary.

Nordic Oil and Gas Ltd.

Tel. [phone]

Fax: [phone]

E-mail: [e-mail]

www.nordicoilandgas.com

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