US Oil & Gas (USOPY)

[Sionica]

Placing of Ordinary Shares

29 May 2015


Underwritten Placing of Ordinary Shares to raise £100,000

Further non underwritten placing to raise a further £200,000

Issue of shares to Alexander David Securities Limited

U.S. Oil & Gas Plc (GXG London: USOP, OTC New York: USOPY), the oil and gas exploration company with assets in Nevada, is pleased to announce that it has placed, subject to admission to GXG Markets Main Quote, 1,111,112 New Ordinary Shares (the "Placing Shares") at a price of STG .27 per share (the "Placing Price" ) to raise gross proceeds of circa $430,000.

The Placing of £100,000 has been underwritten by Alexander David Securities Limited. The balance of the placing has not been underwritten. Valid placing letters have been received for the entire placing.

The proceeds of the placing will be used to provide the USOP with additional working capital.

In addition the Company has issued 185,185 shares to Alexander David Securities Limited as consideration of its invoice in connection with ongoing advice in connection with its recent suspension and return to trading.

The net proceed to be received by the Company are $430,000.

The 1,296,297 new ordinary shares will shortly be admitted to trading on GXG Main Quote.

Following the Placing, the issued share capital of the Company will increase to 42,978,653 ordinary shares of .0001 Euro cent each. This figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the share capital of the Company under the Disclosure and Transparency Rules.

The following parties have an interest of more than 3% in the shares of the Company:

Name No of Shares Percentage holding

Brian McDonnell 3,913,234 9.1%