Fianancing/ Mercom Oil Sands Plc – Nordic Aquisition Company Ltd.

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The Board has been in contact with selected shareholders in order to finance the planning and preparations of the Chard development program. This financing is estimated to be in place by 7.12.2012.

Mercom Oil Sands Plc (Mercom) announced yesterday that they have been approached by Nordic Aquistion Company Ltd (NAC) regarding the Chard-licenses. Neither Mercom nor NAC have been in touch with Nordic Petroleum AS since last press release was published. Mercom continues to profile the Chard Licenses on its webpage in spite of several requests to change this. Nordic Petroleum AS is consulting its legal advisers related to further steps against Mercom.

Inquiries may be directed to:
Per Gunnar Løge (+47 91130847)