Issue of New Shares

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

30 December 2011

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

Issue of Equity

Total Voting Rights

New World Oil and Gas Plc today announces the issue of 4,121,950 new Ordinary Shares in the Company (the 'Shares') at an average price of 6.1p per Share in settlement of professional fees and other transactional obligations entered into over the last six months.

Application has been made for the Shares, which will rank pari passu with all existing Ordinary Shares, to be admitted to trading on AIM ('Admission') and Admission is expected on or around 4 January 2012.

Following the issue of the Shares, the Company's total issued share capital will consist of 132,289,869 Ordinary Shares.

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

Notes

New World Oil and Gas Plc is focussed on making investments in the oil and gas sector, either by acquisition or by participation through Farm-Out. The Company targets late stage exploration or early production projects that, in the opinion of the Directors, are undervalued, underdeveloped or under-performing, located in basins with large proven reserves. New World is currently operating in Central America and Europe where New World has acquired two highly prospective projects via Farm-Out Agreements, although the Board is actively identifying exploitation opportunities in areas including Africa, South America and South East Asia.