Exercise of Warrants and Issue of Equity

Nostra Terra Oil and Gas Company plc
                            ('NTOG' or the 'Company')

                    Exercise of Warrants and Issue of Equity

25 February 2008

The  Company  today  announces the issue of 2,000,000  ordinary  shares  in  the
Company  with a nominal value of 0.1p each (the `New Ordinary Shares')  pursuant
to  a series of exercises of Founders' Warrants to subscribe for ordinary shares
in the Company at an exercise price of 0.1p per New Ordinary Share.

333,333  of  the  New  Ordinary Shares have been issued to Stephen  Oakes,  non-
executive  director of the Company. As a result, Mr. Oakes is now interested  in
8,666,666 ordinary shares in the Company. This holding represents 2.35%  of  the
Company's issued share capital.

The  Company  also hereby announces that the exercise period of the 2,500,000  A
Warrants  held by Falcon Securities (UK) Limited ("Falcon"), a company of  which
Stephen  Oakes is a director, has been extended for a further two  years  to  23
February  2010.  The  exercise  period has been  extended  in  consideration  of
Falcon's services as the Company's broker.

Following the issue and allotment of the 2,000,000 New Ordinary Shares, the
Company will have 368,424,522 ordinary shares in issue.

Application has been made for the New Ordinary Shares to be admitted to  trading
on AIM on 29 February 2008.



For further information contact:

Nostra Terra Oil and Gas Company plc
Brian Courtney, Chief Executive Officer        [e-mail]
Stephen Oakes, Non-executive Director          Tel: [phone]


Blomfield Corporate Finance Limited            Tel: [phone]
Alan MacKenzie
Ben Jeynes