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November 16, 2007 NEWS RELEASE  For Immediate Release Analysis of Preeceville Oil Seeps Confirms the Presence of Oil WINNIPEG, Nov. 16 /CNW/ - Donald Benson, Chairman and Chief Executive Officer of Nordic Oil and Gas Ltd. (TSXV: NOG) ("Nordic" or, "the Company"), announced today that the laboratory analysis on the oil seeps discovered in Preeceville, Saskatchewan, Canada has confirmed the presence of oil in the first samples received. Analysis of additional samples is currently being completed and results from these tests are expected shortly.    Commenting on the analysis received to date, Paul Lafleur, P. Eng., President of Petro-Find Geochem Ltd., the company hired by Nordic to undertake hydrocarbon soil gas surveys in its two most northerly townships in Preeceville, and who made the discoveries of the oil seeps said: "It is my belief that all of the seeps encountered are from crude oil in a yet to be determined formation." The initial samples from the Geo-Chem survey indicated the presence of methane, ethane and propane, along with a strong concentration of butane.    Looking ahead, Mr. Benson stated that the Company looks forward to receiving the complete results of the Geo-Chem survey and the further analysis of the oil seeps, "at which time we will be able to correlate this information with our existing seismic we have already completed over these lands.   "If necessary, a small seismic survey may also be required prior to the drilling of a well," he 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 theCorporation'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. For additional information, contact: Donald Benson Chairman & CEO   Nordic Oil & Gas Ltd. Tel: 204-956-5042 Fax: 204-897-7154 E-mail: dbenson57@shaw.ca