Nordic Retracts Statement Regarding Possible Reserves at Lloydminster



    WINNIPEG, June 13 /CNW/ - In a News Release dated June 6, 2008, regarding
the start of its drilling program in Lloydminster, Alberta, Nordic Oil and Gas
Ltd. ("Nordic" or "the Company") stated, "It is our view that initial rates
per well could be in the area of 30 bopd and that approximately 43,000 bbls of
oil could be recovered from each well on average." Due to the fact that these
numbers are Company estimates only and were not prepared by an independent
estimator, Nordic hereby retracts that statement.

    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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