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November 30, 2007 NEWS RELEASE  For Immediate Release Nordic Oil and Gas Receives Updated Information from Consultant on Preeceville Oil Seeps – One Area Seen to Extend 400 Feet Company Also Announces New Private Placement Offering For Immediate Release                                                                                                     This press release is not for dissemination in the United States or for distribution to U.S. news wire services WINNIPEG, MB. (November 30, 2007) - Donald Benson, Chairman and Chief Executive Officer of Nordic Oil and Gas Ltd. (“Nordic” or the “Corporation”), today announced that the Corporation has received additional data and interpretation from Petro-Find Geochem Ltd., the company hired by Nordic that discovered the evidence of oil seeps in its two most northerly townships in Preeceville. It was originally thought that Petro-Find had discovered 29 locations, however this has been updated to 34, “because several locations were amalgamated as one showing,” noted Paul Lafluer, President of Petro-Find.  “Altogether, evidence of oil seeps was found at 34 locations with at least 4 major areas, including one extending 400 feet along the Pewei River,” Mr. Lafleur added. “The seeps are interpreted to be leakages from faultsintersecting oil reservoirs at depth. Further field work is required to ascertain the full extent and pattern of these leakages. Correlation of the seepages with the geochemical soil gas survey is expected by mid-December." Given this new information, Mr. Benson also announced today that the Corporation intends to undertake a new non-brokered private placement offering of up to 10,000,000 units at a price of $0.30 per Unit for gross proceeds of $3,000,000 to various subscribers. Each Unit would consist of one Class A common share of the Corporation issued as a “flow-through share” within the meaning of the Income Tax Act (Canada) and one half of one Class A common share purchase warrant. Each whole Warrant would entitle the holder thereof to purchase one regular Class A common share of the Corporation at a price of $0.40 for a period of two years from the date of issuance. Certain finders are expected to assist the Corporation by introducing potential subscriber(s) for the new Offering and, subject to compliance with applicable legislation, will be entitled to receive fees equal to 6% of the purchase price of the new Units sold pursuant to the new Offering as well as warrants (“Additional Finder’s Warrants”) equal to 8% of the number of new Units sold pursuant to the new Offering. Each new Finder’s Warrant shall entitle the holder thereof to purchase one regular Class A common share of the Corporation at a price of $0.40 for a period of 24 months from the date of issuance. The Corporation anticipates multiple closings throughout December. All terms of the new Offering are subject to the approval of the TSX Venture Exchange. “It is our intention to use the money raised to finance the drilling of three new wells in Preeceville,” Mr. Benson said. “As we have stated previously, when we receive the completed geochemical soil gas survey from our consultant, Petro-Find Geochem, we will then be in position to correlate this information with our proprietary seismic surveys. This will provide us with a clearer understanding of the underlying structures, which in turn will give us a better idea as to where the wells should be drilled.” 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. 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 theCorporation'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