February 11, 2003

NORDIC OIL AND GAS GRANTS STOCK OPTIONS
LAUNCHES NEW WEB SITE

WINNIPEG ­ Donald Benson, Chairman and Chief Executive Officer of Nordic Oil and Gas Ltd., announced today that the Company's Board of Directors and shareholders had approved the granting of the following stock options to corporate officers and directors:

Donald Benson 200,000 shares

Keith Peterson 75,000 shares

Doug McKinnon 75,000 shares

Mike Mann 125,000 shares

Barry Palka 125,000 shares

The granting of the options was effective January 8, 2003. They are for a five-year term and are exercisable at $0.40 per share.

Mr. Benson also announced the launching of the new Nordic Oil and Gas web site ­ www.nordicoilandgas.com. "The new web site represents another major step in the Company's efforts to further enhance shareholder communications and augment its position in the Canadian oil and gas industry", said Mr. Benson.

Nordic Oil and Gas Ltd. currently is listed on the TSX Venture Exchange (TSXV: NOG).

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