Discussion regarding Nordic Petroleum ASA

Mercom Oil Sands Plc (AIM: MMO)

("Mercom" or "the Company")

Discussion regarding Nordic Petroleum ASA

As previously announced, a minority shareholder of Mercom, has set up a company, Nordic acquisition Company Limited ("NAC") to make an offer for control of Nordic Petroleum ASA, the current holder of the Chard Oil Sands Leases. In the event that this offer is successful, NAC has approached Mercom with regard to the possibility of Mercom making an offer to acquire a 50% interest in the Chard Leases, from Nordic, for a share based consideration of less than $2m.

Mercom will update the market with any further developments.

-ENDS -

Enquiries:

Libertas Capital Corporate Finance Ltd +44 (0) 20 7569 9650

Tim Cofman- Nicoresti

Cardew Group +44 (0) 20 7930 0777

Tim Robertson/Alexandra Stoneham