Issue of Equity and Total Voting Rights

New World Oil and Gas Plc / Index: AIM / Epic: NEW / Sector: Oil & Gas

22 January 2013

New World Oil and Gas Plc ('New World' or the 'Company')

Issue of Equity

Total Voting Rights

New World Oil and Gas Plc, the oil and gas exploration and development company focussed on Belize and Denmark, today announces the issue of a total of 1,974,118 new ordinary shares in the Company. 

1,082,852 new ordinary shares in the Company, at an average of 9.67p per share, have been issued in settlement of professional fees and other transactional obligations. In part payment of historical costs related to the Danica Resources Farm-in agreement, 749,879 new ordinary shares in the Company have been issued at an average of 10.34p per share. 

In addition, and as part of their directors' fee, a total of 141,387 new ordinary shares have been issued to the following Directors at an average of 9.55p per share.

Application has been made a total of 1,974,118 new ordinary shares, which will rank pari passu with all existing ordinary shares in the Company, to be admitted to trading on AIM. Admission is expected to take place on or around 25 January 2013 ("Admission").

The Company has no Ordinary Shares held in treasury and as a result, the total number of voting rights in the Company will be 360,948,947. This figure may therefore be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change in their interest in, the share capital of the Company under the FSA's Disclosure and Transparency Rules.

* *ENDS* *

For further information please visit www.nwoilgas.com or contact: