14 December, 2009 – US Oil and Gas plc – U.S. OIL AND GAS PLC – APPLICATION FOR ADMISSION TO PLUS

The Directors of U.S. Oil and Gas plc (“the Company”) are pleased to announce that the Company has applied for the admission of its entire issued and to be issued ordinary share capital to trading on the PLUS-quoted market (“Admission”).

Sector classification: Oil and Gas Principal activities: Hydrocarbon Exploration Corporate Adviser: SVS Securities Plc

The Company is an oil exploration company which holds the entire share capital of US based oil and gas company Major Oil International LLC (“Major Oil”). Major Oil has acquired and intends to acquire, rights to exploration and development acreage in two high potential resource areas in Hot Creek Valley, Nye County, which is adjacent to the oil and gas rich Railroad Valley area of Nevada, both of which are part of the Sevier Thrust (also known as the Mississippian Antler foreland basin) of central Nevada and western Utah.

The Directors have no current plans for Major Oil to become an operator in its own right, but intend to acquire leases in attractive locations at an early stage in the development cycle. The intention of the Directors is to build on the Group’s current exploration base and bring new opportunities to the preproduction stage as well as identifying strategic partners to jointly develop or sell target assets. Major Oil will seek to fully explore and develop its prospective acreage and will work with established major operators to convert exploration lease acreage to long-term production acreage as successfully drilled sections are unitised. Using the latest technology available the Directors believe that USOIL will be able to develop its resource opportunities in a highly cost and time efficient manner.

USOIL is now proposing to seek admission to PLUS-quoted, together with a placing of 6,316,101 new ordinary shares (the “Placing”) to raise approximately GBP315,805 before expenses in order to provide working capital for the Group’s early stage development and, in particular, to complete gravity/seismic studies, geophysical studies and regional well log analysis with a view to firming up potential resources and, in due course, to farm out the drilling on the Group’s leases.

The Directors expect that trading in the Company’s shares on PLUS Markets will commence on 23 December 2009.

The Directors of U.S. Oil and Gas plc accept responsibility for this announcement.


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For further information please contact: Brian McDonnell Chief Executive Officer Tel: +353-87-2383419

Media resources: Website: www.usoil.us Pressroom: www.usoil.us/press-room Company FAQ: www.usoil.us/faq Images: www.usoil.us/press-image-gallery

U.S. Oil and Gas plc is an Irish registered company No. 471932 70 Ballybough Road Dublin 3 Tel: +353-1-8230510 Fax: +353-1-8230511 www.usoil.us

SVS Securities Plc

020 7638 5600

[email protected]