Nordic hires former Manager of Winnipeg Office of TSX Venture Exchange as Chief Financial Officer

    WINNIPEG, Jan. 9 /CNW/ - Donald Benson, President of Nordic Management
Ltd. ("the Company" or "Nordic Management") is pleased to announce that the
Company has hired Kevin Strong, CGA, CAE, CIM former Manager of the Winnipeg
Office of the TSX Venture Exchange as a consultant, undertaking the duties of
Chief Financial Officer of Nordic Oil and Gas Ltd. ("the Corporation" or
"Nordic Oil and Gas") (TSXV: NOG). Nordic Oil and Gas has a Services Agreement
with Nordic Management, a company controlled by certain of Nordic Oil and Gas
Ltd.'s Directors and officers, for various services.
    Mr. Strong, who holds a Bachelor of Commerce Degree (Hons) from the
University of Manitoba, will provide a range of financial services, along with
regulatory guidance.
    Mr. Strong has over 11 years' experience as a senior regional manager in
the finance sector and has held leadership roles in diverse areas, including
accounting, information technology, human resources, management, marketing,
business development and public relations. From 2000 to 2007, he was the
Manager of the Winnipeg Office of the TSXV (formerly the Canadian Venture
Exchange) and prior to this, he was Manager, Marketing and Operations at the
Winnipeg Stock Exchange.
    Commenting on the appointment Mr. Benson said: "We are delighted to have
someone with Kevin's background and experience join Nordic at a time when the
Company is poised to make a significant mark on the Canadian oil and gas
industry. He will play an integral role in strengthening our financial
reporting practices and will be a valuable member of our team in developing
new contacts within the investment community."
    Nordic Oil and Gas is set to embark on several new initiatives in 2008,
including its drilling program in Preeceville, SK, and the development of its
lands in Lloydminster and the Peace River Arch area of Alberta. "Mr. Strong's
arrival comes at a very opportune time for the Corporation," Mr. Benson noted,
"as we continue to make it a priority to build and maintain strong personal
and professional relationships with the Company's shareholders and the
investment community."

    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.

    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.

    %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:

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Nordic Oil & Gas Ltd.

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