Growth Through Successful Exploration and Drilling Strategies

June 4, 2008 NEWS RELEASE   For Immediate Release  Shale Gas Potential & Preeceville Drilling Update     WINNIPEG, MB. (June 4, 2008) - Donald Benson, Chairman and Chief Executive Officer of Nordic Oil and Gas Ltd. (“Nordic” or, the “Company”), today announced that the second well at Preeceville, Saskatchewan was spud late yesterday and the surface casing is currently being cemented. It is anticipated that drilling will take up to eight days to complete. The Company does not intend to issue any updates during the drilling process but will do so when drilling is concluded. In other news, Mr. Benson also stated today that with the heightened interest in the shale gas play being promoted by others in the region, Nordic is currently re-evaluating it shale gas well that was drilled in 2006. “It is being suggested that the recent run-up in the share price of some of the companies that neighbour our land in Preeceville is due to the abundance of shale gas in the region,” he said. “Our well was perforated in 2006 at four intervals over a period of 10 hours. Management believes that the Company’s consultant should have waited a minimum of 24 hours between perforation intervals in order to allow the formations to respond to the perforation. “Should there be the inflow that we anticipate, the Company will consider fracing the various intervals,” he added. Unconventional gas sources are becoming a primary target for exploration within the Western Canadian Sedimentary Basin, including Nordic’s Preeceville lands. “This region is now being heavily explored and Nordic is right in the middle of it all,” Mr. Benson stated. Nordic has 6,720 gross acres of five-year P & NG leases in Preeceville plus a further 101,760 gross acres of P & NG permits.  The Company has shot 67 kilometres of seismic in the area and it has identified up to 80 exploration and development drilling locations. 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 Company 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 Company 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 Company’s management on the date the statements are made. The Company 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