Corporate Update

New World Oil and Gas Plc / Index: AIM / Epic: NEW

For immediate release 24 October 2016

NEW WORLD OIL AND GAS PLC ("New World" or "the Company")

Corporate update

Further to the announcement of 18 October 2016, Beaumont Cornish will cease to act as Nominated Adviser ("Nomad") to the Company from the close of business on 24 October 2016.

The Company is currently due to be cancelled from trading on AIM with effect from 10 November 2016, (revised from 9 November as previously announced) being the date six months from suspension of trading in accordance with the AIM Rules.

Enquiries:

Adam Reynolds

New World Oil and Gas plc

Tel. +44 (0) 7785 908158

or

Nicholas Lee

New World Oil and Gas plc

Tel. +44 (0) 20 7580 7576

Jeremy Garcia, Ben Simons or Fiona Henson

Vigo Communications (Financial Public Relations)

Tel: +44 (0)20 7830 9700