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May 14, 2007

Nordic Oil and Gas Ltd., Desoto Resources Limited and Western Warner Oils Ltd. Announce Plans to Merge

WINNIPEG, MB. (May 14, 2007) - Donald Benson, Chairman and Chief Executive Officer of Nordic Oil and Gas Ltd. (TSXV: NOG) (“Nordic” or “the Company”), today announced that the Company intends to merge with two of its Joint Venture partners, Desoto Resources Limited (“Desoto”) and Western Warner Oils Ltd. (“Western Warner”), creating a larger, stronger and more efficient Company. Both Desoto and Western Warner have the same management team and Board of Directors as Nordic Oil and Gas Ltd.

An independent evaluation of the Desoto and Western Warner assets will be undertaken over the coming weeks and an Annual and Special Meeting of Shareholders will be held in the next 90 to 120 days to seek approval of the merger.

Desoto owns a 15% interest in Nordic’s land holdings and operations in Joffre, Alberta, Canada, while Western Warner holds a 20% interest in the land in Preeceville, Saskatchewan. Furthermore, Desoto is the largest single shareholder in Nordic Oil and Gas Ltd.

“The merger of the three companies will be of significant benefit to Nordic,” states Mr. Benson. “We will see an immediate increase in our revenue base thanks to the 15% interest Desoto holds in our six producing wells at Joffre.

“Furthermore, Desoto is the 100% owner of a shut-in gas plant in Joffre, which is capable of processing up to 4 million cubic feet of gas per day. Ownership of the gas plant will also benefit our bottom line as it will allow Nordic to achieve higher netbacks by avoiding third party costs that today amount to approximately $0.70 per thousand cubic feet of gas sold,” Mr. Benson added.

“Clearly, we see this merger as a major plus for Nordic Oil and Gas Ltd. and will strengthen our overall position within the Western Canadian oil and gas sector.”

About Western Warner and Desoto

Western Warner Oils Ltd. is one of Canada’s oldest oil and gas exploration and development companies, dating back to 1926. Desoto Resources Limited has been active in the oil and gas industry in central Alberta for many years, and was the subject of the takeover by Western Warner back in 1996.

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. Nordic Oil and Gas Ltd. presently has six producing wells in the Joffre area. In addition, it has three Coal Bed Methane wells and one Belly River well drilled and cased awaiting tie-in. The Company is listed on the TSX Venture Exchange and trades under the symbol NOG.

Nordic Oil and Gas is a junior oil and gas exploration company, which is listed on the TSX Venture Exchange and trades under the symbol 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