Northern Oil and Gas to List Common Stock on ASE

Northern Oil and Gas, Inc. announced that its shares of common stock have been approved for listing on the American Stock Exchange (AMEX) under the symbol "NOG." This approval is contingent upon Northern Oil being in compliance with all applicable listing standards on the date it begins trading on the AMEX, and may be rescinded if Northern Oil is not in compliance with such standards. Northern Oil common stock was previously traded on the OTCBB.

"We believe that moving to the AMEX will not only provide more recognition for Northern Oil in the investment community, but also create a more liquid, efficient market in which to trade, reinforcing our constant priority to maximize stockholder value," stated Michael Reger, Chief Executive Officer of Northern Oil. "We are very pleased with the listing of our shares on the AMEX and look forward to working further with the AMEX staff."

Northern Oil's shares are expected to begin trading on AMEX midweek of March 24, 2008, pending specialist selection.