U.S. Oil & Gas plc - Placing of Ordinary Shares

29 May 2015

U.S. Oil & Gas Plc.

("U.S. Oil" or the "Company")

Underwritten Placing of Ordinary Shares to raise £100,000

Further non underwritten placing to raise a further £200,000

Issue of shares to Alexander David Securities Limited

U.S. Oil & Gas Plc (GXG London: USOP, OTC New York: USOPY), the oil and gas exploration company with assets in Nevada, is pleased to announce that it has placed, subject to admission to GXG Markets Main Quote, 1,111,112 New Ordinary Shares (the "Placing Shares") at a price of STG .27 per share (the "Placing Price" ) to raise gross proceeds of circa $430,000.

The Placing of £100,000 has been underwritten by Alexander David Securities Limited. The balance of the placing has not been underwritten. Valid placing letters have been received for the entire placing.

The proceeds of the placing will be used to provide the USOP with additional working capital.

In addition the Company has issued 185,185 shares to Alexander David Securities Limited as consideration of its invoice in connection with ongoing advice in connection with its recent suspension and return to trading.

The net proceed to be received by the Company are $430,000.

The 1,296,297 new ordinary shares will shortly be admitted to trading on GXG Main Quote.

Following the Placing, the issued share capital of the Company will increase to 42,978,653 ordinary shares of .0001 Euro cent 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 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 9.1%

THE DIRECTORS OF THE COMPANY ACCEPT RESPONSIBILITY FOR THE CONTENTS OF THIS ANNOUNCEMENT

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 [phone]

Alexander David Securities Ltd - Corporate Finance Adviser
David Scott [phone]
James Dewhurst [phone]
Email:[e-mail]

GXG Markets
Peter Almberg/Alex Benger [phone]
[e-mail]

ADR Broker Desk, Deutsche Bank
United Kingdom

Simon Davies and Richard Willis
Tel: [phone]
Fax: [phone]
E-mail:[e-mail]

USA
Jay Berman
Tel:[phone]
Fax:[phone]
E-mail:[e-mail]

About American Depositary Receipts (ADRs)
An ADR is a negotiable certificate that represents ownership in securities of a non U.S. company. ADRs are issued by a sponsoring U.S. bank and denominated in U.S. dollars. An ADR represents a specified number of shares (or one share) in a foreign stock that is traded on a U.S. exchange.

ADRs allow foreign companies shares to be traded in a similar manner to shares in U.S. companies on the New York Stock Exchange (NYSE), the American Stock Exchange (AMEX), NASDAQ and the over-the-counter (OTC) market. ADRs enable U.S. citizens to acquire shares in a foreign company without the need for cross border or cross currency transactions. Any dividends and capital gains are in U.S. dollars.

About U.S. Oil & Gas

U.S. Oil & Gas plc, (GXG London: USOP, OTC New York: USOPY), is an oil and gas exploration company with a strategy to identify and acquire oil and gas assets in the early phase of the upstream life-cycle and mature them. The Company's main asset is in Nye County, Nevada where it holds the entire share capital of US-based company, Major Oil International LLC ("Major Oil"). Major Oil has acquired rights to exploration and development acreage in Hot Creek Valley, Nye County, adjacent to the oil and gas rich Railroad Valley area of Nevada, both of which are part of the Sevier Thrust of central Nevada and western Utah, USA.

For further information please refer to our website at: www.usoil.us

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