Growth Through Successful Exploration and Drilling Strategies

June 6, 2008 NEWS RELEASE   For Immediate Release  Nordic Oil and Gas Receives Approval from Alberta Government to be an Operator in the Province; Will License Wells at Lloydminster Company Recognized by TSX Venture Exchange as one of the                                                “2008 TSX Venture 50 Companies”     WINNIPEG, MB. (June 6, 2008) - Donald Benson, Chairman and Chief Executive Officer of Nordic Oil and Gas Ltd. (“Nordic” or, the “Company”), today announced that after a three-month effort, the Company has received approval from the Alberta government allowing Nordic to become an operator in the province of Alberta. As a result, the Company will now be applying for licenses for its four new wells in Lloydminster, Alberta and will begin preparing for drilling. “While drilling is proceeding nicely at Preeceville, we are very enthusiastic about our Lloydminster property, and we are eager to begin our drilling program,” Mr. Benson stated. “Our annual reserves and economic evaluation report earlier this year credited us with 540,000 barrels of proved plus probable heavy oil in Lloydminster, including 125,000 barrels of proved and 25,000 barrels of probable in five locations. Thirteen other locations have also been identified with 390,000 barrels of probable. “We actually feel that this is a conservative estimate,” he said. “It is our view that initial rates per well could be in the area of 30 bopd and that approximately 43,000 bbls of oil could be recovered from each well on average.” “This opens up a whole new area for the Company and will complement our natural gas and Coal Bed Methane production in Joffre, Alberta along with our potential oil and shale gas plays in east-central Saskatchewan,” Mr. Benson added. “This positions us for what should be an excellent second half of 2008.” In other news, Mr. Benson also stated today that Nordic Oil and Gas Ltd. has been selected as 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. “This project was initiated to provide awareness to the Canadian investment community on the quality companies that are listed on the TSXV and that are using public venture capital to grow their companies,” said Kevin Cowan, President of the TSX Venture Exchange. The criteria used to determine this select list is based on a formula comprised of revenue, return on investment, market capitalization growth and trading volume, as compiled as of December 31, 2007. The TSX Venture 50 will be published and widely distributed by the Globe and Mail newspaper on Thursday, June 19, 2008. 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