16 January, 2017
     

                                  U.S. Oil & Gas Plc.                              
                                                                                   
                              ("US Oil" or the "Company")                          
                                                                                   

                                 Shareholder interest                              

    U.S. Oil & Gas Plc, the oil and gas exploration company with assets in Nevada,
    makes the following announcement:

    A large number of shareholders have contacted the Company to express an
    interest in acquiring further shares.  As a result, the Company is considering
    the most efficient and equitable means of enabling this.     

    Due to the amount of correspondence, the Company will not be able to answer
    individual queries on this matter, but will announce details of its planned way
    forward by Regulatory News Release in due course.

    The Board wishes to express its sincere appreciation for the support shown by
    shareholders.


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

    Neither this announcement nor the information contained herein constitutes an
    offer or solicitation by U.S. Oil and Gas Plc for the purchase or sale of any
    securities nor does it constitute a solicitation to any person in any
    jurisdiction where solicitation would be unlawful.

    For further information contact:

    Brian McDonnell, Chief Executive Officer +353 (1) 631 9022
    Alexander David Securities Ltd - Corporate Finance Adviser
    David Scott +44 (0) 20 7448 9820
    James Dewhurst +44 (0) 20 7448 9820
    Email:  james.dewhurst@ad-securities.com

    Definitions:  The terms 'Reserves' and 'Contingent Resources' are as defined in
    the 'Petroleum Resources Management System' of the Society of Petroleum
    Engineers.

    About U.S. Oil & Gas:

    U.S. Oil & Gas plc 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.

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