Nordic Oil and Gas acquires coal leases in Drumheller, Alberta



    WINNIPEG, June 1 /CNW/ - Donald Benson, Chairman and Chief Executive
Officer of Nordic Oil and Gas Ltd. ("Nordic" or the "Company"), (TSXV: NOG)
today announced that the Company, in conjunction with its joint venture
partner, Western Warner Oils Ltd. ("Western Warner") has acquired 3,856
hectares (9,528 acres) of coal leases located at Drumheller, Alberta. An
independent consulting company has determined that the leases contain
approximately 54,000,000 recoverable tonnes of coal.
    "Preliminary evaluation of the mining potential of this property
conducted by Norwest Resource Consulting Ltd. historically concluded the total
calculated in place coal was 95,951,031 tonnes with 53,905,623 tonnes
potentially recoverable," Mr. Benson stated. "As we have just acquired these
leases, we have not as yet had a qualified person do sufficient work to
classify the historical estimates as current mineral resources and therefore
the historical estimates should not be relied upon."
    The project was introduced to Nordic by Western Warner, which controlled
the leases for approximately 20 years. During that time, Western Warner
undertook extensive exploration initiatives, which were conducted by HudBay
Coal Company, who had farmed in to the project. This included drilling,
logging and coring of 160 holes. HudBay was subsequently taken over by Dome
Petroleum, however the leases were in turn sold to Trans Alta. In 1986, Trans
Alta paid a penalty and returned the leases to Western Warner.
    Australia's Macquarie Bank stated on April 27, 2009 that it was
forecasting an average market price for world thermal coal of $60/ton, which
is down sharply from the $121 average price in 2008.
    'This represents a very exciting new opportunity for the Company, and we
look forward to determining how best to develop these resources," 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. Nordic is one of the "2008 TSX
Venture 50" companies, a ranking of the top 10 public venture capital
companies in five industry sectors listed on the TSX Venture Exchange.

    
    Neither the TSX Venture Exchange nor its Regulation Services Provider (as
    that term is defined in the policies of the TSX Venture Exchange) accepts
    responsibility for the adequacy or accuracy of the contents of this News
    Release.
    

    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
Company 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 Company 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 Company's management on the date the statements are made. The Company
undertakes no obligation to update these forward-looking statements in the
event that management's beliefs, estimates or opinions, or other factors,
should change.

    %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; Don
Bain, Corporate Secretary, Nordic Oil and Gas Ltd., Tel: (204) 229-7751, Fax:
(204) 943-1829, E-mail: donbain1@mts.net; www.nordicoilandgas.com

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Nordic Oil & Gas Ltd.

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