Result of AGM

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

24 July 2012

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

Result of Annual General Meeting

Total voting rights

New World Oil and Gas Plc held its Annual General Meeting ('AGM') today and is pleased to announce that all resolutions were duly passed by shareholders.

Accordingly, the reverse takeover of the Company under the AIM Rules (as more fully described in the announcement dated 3 July 2012 and the Company's Readmission Document) has been approved. Application has been made for a total of 251,575,676 ordinary shares ('the Shares') to be admitted to trading on AIM. Readmission and commencement of dealings in the Shares is expected to take place tomorrow, 25 July 2012.

New World CEO William Kelleher made the following statement:

"Today's AGM result represents a crucial milestone for New World. Now that we are an operating company, we intend to advance our plans to commence drilling at Blue Creek, our flagship project in North West Belize located in the producing Petén Basin.

"We believe our first year on AIM set the bar high in terms of activity and results. We hope that the next twelve months should see us raising the benchmark even higher. Not only do we intend to drill our first well in Belize soon, we also hope to further develop our Danish projects and build on our initial work which has already highlighted their prospectivity.

"As well as advancing our existing projects, we are also working to secure new projects at various stages of development that would complement our portfolio. As a result of all this activity, we hope to report great progress in the months ahead as we work towards achieving our overall objective of developing New World into a leading, diversified oil and gas exploration and production company and, in the process, generate substantial value for shareholders."

The Company has no ordinary shares held in treasury and as a result, the total number of voting rights in the Company will be 251,575,676. 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: