1 February, 2017 – U.S. Oil & Gas Plc.- Placing of Ordinary Shares

U.S. Oil & Gas Plc.

(“US Oil” or the “Company”)

Placing of Ordinary Shares

U.S. Oil & Gas Plc, (“USOIL” or the “Company”), the oil and gas exploration company with assets in Nevada, is pleased to announce that it has placed with private investors 1,745,626 new ordinary shares of .0001 Euro each (the “Placing Shares”) at a placing price of STG .27 per share including a share premium of .3199 Euro on each Placing Share to raise gross proceeds of circa $594,498. Each Placing Share will rank pari passu with each ordinary share currently in existence.

The proceeds of the placing will be used to provide US Oil with additional working capital. The net proceeds to be received by the Company are circa $594,498. The 1,745,626 Placing Shares will shortly be issued through CREST.

Following the placing, the issued share capital of the Company will increase to 50,302,075 ordinary shares of .0001 Euro each. This figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the share capital of the Company under the Disclosure and Transparency Rules.

The company is also planning an Open Offer. Details will be posted to shareholders in due course.

The following parties have an interest of more than 3% in the shares of the Company:

Name No of Shares Percentage holding

Brian McDonnell 3,913,234 7.78%


Neither this announcement nor the information contained herein constitutes an offer or solicitation by U.S. Oil and Gas Plc for the purchase or sale of any securities nor does it constitute a solicitation to any person in any jurisdiction where solicitation would be unlawful.

For further information contact:

Brian McDonnell, Chief Executive Officer +353 (1) 631 9022
Alexander David Securities Ltd – Corporate Finance Adviser
David Scott +44 (0) 20 7448 9820
James Dewhurst +44 (0) 20 7448 9820
Email: [email protected]