October 26, 2007 Newsrelease

October 26, 2007

Nordic Oil and Gas Ltd. Announces Extension of Closing Date for Additional Private Placement Offerings

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. (October 26, 2007) - Donald Benson, Chairman and Chief Executive Officer of Nordic Oil and Gas Ltd. (the “Corporation”), today announced that the closing date of the Corporation’s previously announced additional private placement offerings (“the Additional Offerings”) as detailed in a News Release dated September 14, 2007, has been extended a further 30 days to November 26, 2007.

All terms of the Additional Offerings are subject to the approval of the TSX Venture Exchange.

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.

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