U.S. OIL AND GAS PLC
LSE : USOP

August 25, 2011 09:08 ET

Update Re: Suspension of Trading

25 August 2011

                                             U.S. Oil and Gas Plc.
                                                       
                                          ("US Oil" or the "Company")
                                                       
                                       Update Re: Suspension of Trading
                                                       
U.S.  Oil  and  Gas plc (PLUS: USOP), the oil and gas exploration company with its main asset in  Nevada,  USA,
would like to confirm that its ordinary shares were suspended from trading on PLUS-quoted at 10.00AM on Tuesday
23rd August, in accordance with Rule 78 of the PLUS Rules for Issuers.

The  Company continues to work with PLUS Stock Exchange plc in relation to the suspension and will  update  the
market on any developments in due course.

Preparations in relation to the final acquisition of data, completion of administrative procedures  and  ground
operational plans in relation to the forthcoming three-well drilling programme are continuing as planned.

The  Company will continue to update the market on any significant news regarding operations through Regulatory
Information Service announcements in the normal way.


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

                                                  ---ENDS---

For further information contact:

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

SVS Securities plc - PLUS Corporate Adviser
Peter Ward / Alexander Brearley +44 (0)20 7638 5600

SVS Securities plc - Broker
Ian Callaway / Alex Mattey +44 (0)20 7638 5600
ian.callaway@svssecurities.com

Lionsgate Communications - Financial Public Relations
Natalia Egorova +44 (0)7500 828771
negorova@lionsgatecomms.com

Notes to Editors

U.S.  Oil  and  Gas  plc is a PLUS-quoted (Ticker: USOP) 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.

US  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 AND GAS PLC

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