Nordic Discovers Oil Seeps at Preeceville



    WINNIPEG, Nov. 7 /CNW/ - 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 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 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.

    %SEDAR: 00015188E




For further information:

For further information: Donald Benson, Chairman & CEO, Nordic Oil & Gas
Ltd., Tel: (204) 956-5042, Fax: (204) 897-7154, e-mail:dbenson57@shaw.ca,
www.nordicoilandgas.com

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Nordic Oil & Gas Ltd.

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