US Oil & Gas (USOPY)

[Sionica]

3 June, 2016 - Placing of Ordinary Shares

U.S. Oil & Gas Plc.

U.S. Oil & Gas Plc, ("USOIL" or the “Company”), the oil and gas exploration company with assets in Nevada, is pleased to announce that it has placed with private investors 1,333,498 new ordinary shares of .0001 Euro each (the "Placing Shares") at a placing price of STG .27 per share including a share premium of .3499 Euro on each Placing Share to raise gross proceeds of circa $526,241. Each Placing Share will rank pari passu with each ordinary share currently in existence.

On 18 April, 2016 the Company announced it had placed an additional 94,285 treasury shares at a price of £0.27 each to raise gross proceeds of circa $37,346. These shares will now be issued instead as 94,285 ordinary shares.

The proceeds of the placing will be used to provide US Oil with additional working capital. The net proceeds to be received by the Company are $526,241 plus the circa $37,346 previously announced. The 1,333,498 Placing Shares will shortly be issued through CREST.

Following the placing, the issued share capital of the Company will increase to 46,098,187 ordinary shares of .0001 Euro 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 8.5%