North American Petroleum Plc/ Index: ISDX / Epic: NAPP / Sector: Oil & Gas 18 February 2014 North American Petroleum Plc (NAP or the Company) Placing to raise �725,000 to fund expansion in proven US onshore hydrocarbon plays North American Petroleum Plc, a company focussed on developing its interests in proven US onshore oil and gas formations, is pleased to announce that it has raised �725,000 via the issue of 80,555,555 new ordinary shares (the Placing Shares) in the Company at a price of 0.9 pence per share (the Placing).

The funds will be used to fund NAPs continued rapid expansion in proven US onshore plays, where it currently has a balanced portfolio of leases including existing production, multiple near term development opportunities and proven reserves with a value of US$21.05m. As part of its active development programme, the proceeds of the placing will help fund NAPs share of drilling costs for new wells to grow production and prove up the reserves on its existing leases, which cover 1,067 net mineral acres in proven US onshore formations in Oklahoma such as the Mississippi Lime.

The funds will also be deployed to acquire additional leases with significant development potential to further grow its portfolio of producing and undeveloped assets focussed on lower risk oil rich plays. North Americans Managing Director Stefan Olivier said, "Successfully raising �725,000 at the prevailing market price is testament to the potential of our business model to generate value for shareholders, through the acquisition and development of leases in proven US onshore formations.

During our first year as a public company, NAP has built a portfolio of leases which include 16 producing wells, a further six wells under development, over 200 potential new drilling locations and multiple low cost/high impact workover opportunities to significantly grow production. "Our objective is to build a portfolio of proven reserves and in the process generate value for our shareholders.

To date, based on just six of our producing wells and two undeveloped locations, NAPs proven reserves have been assigned a value of US$21.05m, well above our current market capitalisation.

Having proved our model generates value and having shown we have access to and can secure multiple opportunities that match our criteria at competitive prices, I look forward to continue building our reserves through drilling activity on our existing assets, and also through the acquisition of additional leases which have considerable development potential." Admission and dealings The Placing Shares will rank pari passu in all respects with the Companys existing issued ordinary shares and will be equivalent to 16.74% of the enlarged issued share capital.

Application will be made for the admission of the Placing Shares to trading on the ISDX Growth Market (ISDX).

In addition, 40,277,777 Warrants to subscribe for new Ordinary Shares have been issued on the basis of one Warrant for every two Placing Shares.

The Warrants will only become valid in the event that NAP is admitted to AIM, for a period of 18 months starting from the date of admission to AIM.

The exercise price of the Warrants will be the price of NAPs Ordinary Shares on Admission to AIM.

The Warrants will not be traded on ISDX. For the purposes of the Financial Conduct Authoritys Disclosure and Transparency Rules, the Company announces that following the issue of the Placing Shares, the Company will have 481,307,555 Ordinary Shares in issue ("Enlarged Share Capital"). The Company has no ordinary shares held in treasury.

The total number of voting rights in the Company will therefore be 481,307,555.

This figure may therefore be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change in their interest in, the share capital of the Company under the FCAs Disclosure and Transparency Rules. The Directors of North American Petroleum plc accept responsibility for this announcement. **ENDS** For further information and the full Admission document visit www.napetroleum.com or contact the following: Stefan Olivier David Coffman North American Petroleum Plc Keith, Bayley, Rogers & Co. +44 (0) 7595 779520 +44 (0) 20 7464 4091 Frank Buhagiar St Brides Media and Finance Ltd +44 (0) 20 7236 1177 Lottie Brocklehurst St Brides Media and Finance Ltd +44 (0) 20 7236 1177
Notes North American Petroleum Plc acquires leases in producing onshore US formations such as the Mississippi Lime, Oklahoma, where the application of new techniques and technologies such as horizontal drilling and fracture stimulation can dramatically improve recovery rates.

Revenues generated out of production are reinvested into both new wells and into the acquisition of additional leases to build a portfolio of producing and undeveloped assets focussed on lower risk oil rich plays.

To date, NAP has acquired 1,067 net mineral acres in the liquids rich Mississippi Lime play and has interests in 16 producing wells and a further six either drilling or waiting to spud.
[cid:image002.png@01CECBDD.61F8A860] Lottie Brocklehurst St Brides Media & Finance Ltd 3 St Michaels Alley, London, EC3V 9DS www.stbridesmedia.co.uk Tel: 0207 236 1177 | Mob: 07917010468 | Twitter: @StBrides1