Growth Through Successful Exploration and Drilling Strategies

April 25, 2008 NEWS RELEASE Nordic Oil and Gas Announces 2007 Year-End Results WINNIPEG, MB. (April 25, 2008) - Donald Benson, Chairman and Chief Executive Officer of Nordic Oil and Gas Ltd. (“Nordic” or “the Company”) today announced the Company’s financial results from operations for its year ended December 31, 2007. All amounts referenced herein are in Canadian dollars. Revenue from oil and natural gas sales for the year (including liquids and transport revenue) totaled $588,152, a decrease of $78,984 from the $667,136 reported for 2006. The decrease in total revenue was a largely due to continuing lower natural gas prices, which prevailed throughout the energy industry for much of the year. Current assets, including cash, term deposits and accounts receivable for 2007, were up significantly from a year ago to $3,169,248 compared to $767,903 in 2006. This was due largely to the increase in cash and cash equivalents to 2,044,388, a direct result of the successful private placement financings during the latter part of the year. However, net cash flow from operating activities (cash received from operators minus royalty expense) was down slightly to $390,853 compared to $505,063 for the year ended December 31, 2006. Total assets as at December 31, 2007 were $7,713,059, up substantially from the $4,309,480 in 2006, including an increase in property and equipment to $4,543,811 from $3,426,676 a year ago. General and administration expenses for the year were up over 2006 - $576,742 versus $408,601. Furthermore, overall expenses for the year under review increased to $1,625,752 compared to $1,302,337 in 2006. This was due primarily to the increase in the Company’s stock based compensation costs, which rose to $530,211 in 2007 as compared to $179,710 last year. The Company recorded a net loss before income taxes of $1,370,566 for the year, compared to the 2006 loss of $800,556. As was the case last year, the 2007 loss can be attributed to the costs related to the increase in stock based compensation, Asset Retirement Obligation (ARO) and depletion costs, which were recorded as expenses on the income statement. However, as noted, the Company ended the year on a positive note with respect to cash and cash equivalents, which totaled $2,044,388, compared to $433,423 at the end of 2006. Commenting on the financial results Mr. Benson stated: "Thanks to our ability to raise a record amount of money in 2007, we closed the year on the strongest financial ground we have ever been on. With the success we achieved with our various private placements during the second half of 2007, we find ourselves in a financial position that will allow us to begin embarking on our most aggressive and large-scale capital expenditures program in our history. “We intend on undertaking a most ambitious drilling program at Preeceville, Joffre and Lloydminster, which should result in a substantial increase in our production levels in 2008,” he added. He added that the Company also looks forward with great anticipation, to the commencement of its exploration drilling activities in Preeceville, where, Mr. Benson said, “we are confident that the possibility exists for one or more pools of oil to be identified on our property.” 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. The TSX Venture Exchange has not reviewed nor accepts responsibility for the adequacy or accuracy of the contents of this News Release. This news release contains certain statements that may be deemed "forward-looking statements". All statements in this release, other than statements of historical fact, that address events or developments that the Corporation expects to occur, are forward looking statements. Forward looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects", "plans", "anticipates", "believes", "intends", "estimates", "projects", "potential" and similar expressions, or that events or conditions "will", "would", "may", "could" or "should" occur. Although the Corporation believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in forward looking statements. Factors that could cause the actual results to differ materially from those in forward-looking statements include market prices, exploration and drilling success, continued availability of capital and financing and general economic, market or business conditions. Investors are cautioned that any such statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward-looking statements. Forward looking statements are based on the beliefs, estimates and opinions of the Corporation’s management on the date the statements are made. The Corporation undertakes no obligation to update these forward-looking statements in the event that management's beliefs, estimates or opinions, or other factors, should change. For additional information, contact: Donald Benson Chairman & CEO   Nordic Oil & Gas Ltd. Tel: 204-956-5042 Fax: 204-897-7154 E-mail: dbenson57@shaw.ca