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November 21 , 2005

NORDIC INCREASES VALUE OF OFFERING TO 3 MILLION UNITS

License Prepared for14-14-39-5 W2 Well in Preeceville; Well to be Drilled by Month-End

WINNIPEG, MB. (November 21, 2005) – Donald Benson, Chairman and Chief Executive Officer of Nordic Oil and Gas Ltd., today announced the Corporation’s intention to increase the value of its previously announced offering (the “Offering”) of up to 2,500,000 units (the “Units”), to 3,000,000 units at a price of $0.40 per Unit. This increase in the number of Units being offered will result in gross proceeds of $1,200,000. The Offering will continue to be undertaken by way of a Short Form Offering Document (the “SFOD”).

On another matter, Mr. Benson also stated today that the lease has been prepared for Nordic’s 14-14-39-5 W2 well in Preeceville, Saskatchewan and that the Company was awaiting the arrival of the rig from Alberta. It is anticipated that the well will be drilled by the end of November.

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

Don Bain
Director, Communications & Investor Relations
Nordic Oil & Gas Ltd.
Tel: 204-229-7751
Fax: 204-334-3764
E-mail: donbain1@mts.net