Issue of Equity

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

22 August 2012

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

Issue of Equity and Total Voting Rights

New World Oil and Gas Plc, an oil and gas operating company focused on Belize and Denmark,  today announces the issue of 1,367,775 new ordinary shares of no par value in the Company ("Ordinary Shares") (the "Issue").

1,283,322 of the Issue is at an average price of £0.1004 per new Ordinary Share and is in settlement of professional fees and other transactional obligations totalling £128,901.38.

84,453 of the Issue is in part settlement of Director fees owed to Roland (Frederick) Hodder (59,701 new Ordinary Shares) and Christopher Einchcomb (24,752 new Ordinary Shares) under their letters of appointment in respect of the second quarter of 2012, details of which can be found in the New World readmission document dated 3 July 2012, which is available on the Company's website www.nwoilgas.com.

The new Ordinary Shares issued to Mr. Hodder, in respect of fees totalling £6,000, have been issued as to 19,512 new Ordinary Shares at a price of £0.1025 per share, 20,387 new Ordinary Shares at a price of £0.0981 per share and 19,802 new Ordinary Shares at a price of £0.1010 per share which, in accordance with his letter of appointment, represents the share price on the last day of each of the months of April 2012, May 2012 and June 2012 respectively. The new Ordinary Shares issued to Mr. Einchcomb, in respect of fees totaling £2,500 have been issued at a price of 0.1010 per share which, in accordance with his letter of appointment, is the share price on the last day of June 2012, being the end of the second quarter of 2012.

Following the Issue Mr. Hodder will hold 256,394 Ordinary Shares representing 0.101 per cent. of the issued share capital of the Company as enlarged by the Issue and Mr Einchcomb will hold 24,752 Ordinary Shares representing 0.009 per cent. of the issued share capital of the Company as enlarged by the Issue.

The Company has no Ordinary Shares held in treasury. The total number of voting rights in the Company following the Issue will therefore be 252,943,451. 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.

Application has been made for the 1,367,775 new Ordinary Shares, which will rank pari passu with all existing Ordinary Shares, to be admitted to trading on AIM. Dealings in the new Ordinary Shares are expected to commence on or around 24 August 2012.

* * ENDS * *

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

New World Oil and Gas Plc is an oil and gas operating company with three highly prospective projects in Belize and Denmark. New World is operator of all three projects where a systematic programme of seismic acquisition has resulted in multiple prospects being identified and derisked, a number of which have been classified by the Competent Person as being drill ready. Blue Creek in Belize is the Company's most advanced project where, later this year, drilling is due to commence at B Crest, a prospect with un-risked P50 prospective resources of 92MMbo and a POSg of 1 in 5 as confirmed by a Competent Person. New World also operates two projects in onshore Denmark located in producing basins covering a combined area of over 2.6 million acres, making it the largest holder of acreage in Denmark.

Management is constantly evaluating additional projects that would complement the Company's growing portfolio, particularly late stage exploration or early production projects located in basins with large proven reserves that, in the opinion of the Directors, are undervalued, underdeveloped or under-performing. As a result, the Board is actively identifying exploitation opportunities in areas including Africa, South America and South East Asia as it looks to build a leading, diversified oil and gas company.