U.S. OIL and GAS plc's (Ticker: USOP) core activities are in the USA, with ongoing exploration activity in Nevada where the company holds a large lease acreage.

19 April, 2012 - U.S Oil & Gas Plc - U.S. Oil & Gas plc is admitted to the OTC level of GXG Markets

19, April, 2012

                                             U.S. Oil & Gas Plc.
                                                       
                                         ("U.S. Oil" or the "Company")
                                                       
                         U.S. OIL & GAS PLC IS ADMITTED TO THE OTC LEVEL OF GXG MARKETS
                                                       

Shares in U.S. Oil & Gas plc commenced trading today on the OTC level  of GXG Markets.  U.S.  Oil & Gas plc is an (Ticker: USOP) oil and gas exploration company with a 90 sq. km. oil exploration lease area in Hot Creek Valley, Nevada, USA. The Company has contracted to drill up to two exploration wells, the first scheduled to spud on May 1st 2012.

U.S. Oil CEO Brian McDonnell said, 'We are delighted to be admitted to the GXG Markets and believe trading will be warmly welcomed by investors.'

THE DIRECTORS OF THE COMPANY ACCEPT RESPONSIBILITY FOR THE CONTENTS OF THIS ANNOUNCEMENT

For further information contact:

U.S. Oil & Gas plc
Brian McDonnell, Chief Executive Officer +353 (0) 872383419

Lionsgate Communications - Financial Public Relations
Jonathan Charles +44 (0)77791892509
jcharles@lionsgatecomms.com

GXG Markets
Simon Kiero-Watson  +44 20 7653 1935
skw@gxgmarkets.co.uk

Alex Benger  +44 20 7653 1935
ahb@gxgmarkets.co.uk

Notes to Editors

U.S.  Oil & Gas plc (Ticker: USOP) is an  oil and gas exploration company with a strategy to identify and acquire  oil and gas assets in the early phase of the upstream life-cycle and mature them.  The  Company's main asset  is  in  Nye County, Nevada where it holds the entire share capital of US-based company  Major  Oil International  LLC ("Major Oil"). Major Oil has acquired rights to exploration and development acreage  in  Hot Creek  Valley, Nye County, adjacent to the oil and gas rich Railroad Valley area of Nevada, both of  which  are part of the Sevier Thrust of central Nevada and western Utah, USA.

U.S. Oil has completed extensive surveys of its Hot Creek lease area, generating 18 datasets using the following survey  methods: Gravity and Magnetic Resonance, Geochemical, 2-D Seismic, Landsat remote sensing, Geophysical studies,  Conodont  Alteration Index (CAI), Pyrolysis (TOC), Vitronite Reflectance-Visual  Kerogen (TAI),  2-D Passive Seismic (IPDS) and 3-D Passive Seismic.

For further information please refer to our website at: www.usoil.us

U.S. Oil & Gas PLC