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November 7, 2007 NEWS RELEASE   For Immediate Release Nordic Discovers Oil Seeps at Preeceville WINNIPEG, Nov. 7 - On October 18, 2007, Donald Benson, Chairman and Chief Executive Officer of Nordic Oil and Gas Ltd. (TSXV: NOG) ("Nordic" or, "the Company"), announced that the Company had engaged the services of Petro-Find Geochem Ltd. (the "Consultant") to undertake hydrocarbon soil gas surveys in its most northerly permit in Townships 40, Ranges 4 and 5 W2 in Preeceville, Saskatchewan, Canada. During the course of sampling, the Consultant has advised the Company that over the last 48 hours it has discovered what it believes to be oil seeps and samples have been taken from four locations from an area extending over 5,000 lineal feet.   "Samples have been forwarded to our Calgary office where they will be sent to a laboratory for analysis, which will determine the authenticity of the samples," Mr. Benson stated. "The Company has always believed that this area of Preeceville was heavily faulted and that the possibility existed for traps for oil and/or gas."    The Company expects to have the results of the laboratory analysis within the next 10 days.    "In the past, it has been oil seeps that have led to the discovery of many significant oil fields, including Turner Valley, Alberta," Mr. Benson added. 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 VentureExchange and trades under the symbol NOG. 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.The TSX Venture Exchange has not reviewed nor accepts responsibility for the adequacy or accuracy of the contents of this News Release. 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