SOURCE: Nord Oil International Inc.

May 03, 2006 09:00 ET

Nord Oil International Provides Update on the Recent Unsolicited Offer and NASD OTCBB Listing

MONTREAL, QC -- (MARKET WIRE) -- May 3, 2006 -- Nord Oil International Inc. (OTC: NDOL) today provided an update on its recent unsolicited offer and NASD OTCBB listing.

According to the company, management has reviewed the unsolicited offer and has determined it to be bona fide and expects to release the details on or before May 10 at the close of market. Due to this material event, the listing on the NASD OTCBB has been delayed until shareholders have had the opportunity to review the unsolicited offer.

"It is clear that a listing on the NASD OTCBB would be ideal for our company, however the significant premium on the unsolicited offer represents a higher and more important opportunity to our shareholders and we need to allow them the time to evaluate its significance," said Mr. Viatcheslav Makarov, President of Nord Oil International Inc.

About Nord Oil International Inc.

Nord Oil International Inc. is a reporting publicly traded Oil & Gas junior producer, trading under the ticker symbol NDOL on the US Pinksheets market. Nord Oil International operates three wholly owned Russian subsidiaries: Nord Oil Products, Nord Oil Samara and NANA. Nord Oil's properties currently have a total of 48 million barrels of proven and probable reserves and the company plans to acquire additional properties and has an objective of 150 million barrels in proven and probable reserves.

Important Information About Forward-Looking Statements

All statements in this news release that are other than statements of historical facts, are forward-looking statements, which contain our current expectations about our future results. Forward-looking statements involve numerous risks and uncertainties. We have attempted to identify any forward-looking statements by using words such as "anticipates," "believes," "could," "expects," "intends," "may," "should" and other similar expressions. Although we believe that the expectations reflected in all of our forward-looking statements are reasonable, we can give no assurance that such expectations will prove to be correct.

A number of factors may affect our future results and may cause those results to differ materially from those indicated in any forward-looking statements made by us or on our behalf. Such factors include our limited operating history; our need for significant capital to finance internal growth as well as strategic acquisitions; our ability to attract and retain key employees and strategic partners; our ability to achieve and maintain profitability; fluctuations in the trading price and volume of our stock; competition from other providers of similar products and services; and other unanticipated future events and conditions.

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