October 26, 2005 Newsrelease

October 26, 2005

SHOOTING OF SEISMIC COMPLETED ON COTE FIRST NATION LAND
Processing of Data Now Underway; Analyses to be Completed by Year-end

WINNIPEG, MB. (October 26, 2005) Donald Benson, Chairman and Chief Executive Officer of Nordic Oil and Gas Ltd., today announced that the Company has completed the shooting of 28.2 kilometres of seismic on its Cote First Nation land near Kamsack, Saskatchewan. The data is currently being processed and analyzed and results are expected in the coming weeks.

While Nordic Oil and Gas is confident of the shallow gas prospects on the Cote First Nation, the Company also feels that there could be additional deposits at deeper levels, and that the seismic data will help it identify any deeper prospective formations.

"The Kamsack area has long been rich in Natural Gas with the first discovery dating back to 1937 where gas was found in the Boyne Sand pool, having an average depth of 60 metres," Mr. Benson stated. "This pool was exploited for 13 years, from 1941 to 1953. Further drilling took place during the 1950s across the area as operators sought oil from deeper reservoirs down to the Precambrian.

"This data gives us great optimism that at the very least, we will find shallow gas on the Cote Lands, and it is our hope that the analyses of the seismic will indicate even deeper deposits," he added.

Nordic has access to 14,355 gross acres for development of oil and gas resources on the land owned by Cote First Nation. Nordic has been granted access to the property to undertake exploration activities via an Oil and Gas Permit received from Indian Oil and Gas Canada.

With regard to Nordic's recent announcement that its 14-14-39-5 W2 well in Preeceville, Saskatchewan had been licensed, the Company is continuing to seek out a rig for deployment to the region. The well will be drilled down to the basement to a depth of approximately 1,200 metres and we will be testing multiple zones, possibly up to 10 hydrocarbon bearing formations.

"We are equally as excited about the prospects in Preeceville," said Mr. Benson. "This area has become one of the 'hottest regions' in Saskatchewan and we anxiously await the start of the drilling of this well," he added.

On a further note, the Company's News Release of August 29, 2005, mistakenly stated that an engineering report prepared by AJM Petroleum Consultants suggested that Nordic Oil and Gas has possible recoverable Coal Bed Methane reserves in Joffre of 1 BCF. In fact, the possible recoverable CBM reserves on the Nordic lands exceeds 10 BCF.

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