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



    /THIS PRESS RELEASE IS NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR
    DISTRIBUTION TO U.S. NEWS WIRE SERVICES/

    WINNIPEG, Oct. 26 /CNW/ - 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.

    %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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