North American Petroleum Plc/ Index: ISDX / Epic: NAPP / Sector: Oil & Gas 11 April 2013 North American Petroleum Plc (NAP or the Company) Acquisition of Leases & Participation in Five New Wells in Mississippi Lime Formation, Oklahoma North American Petroleum Plc, a company focussed on developing its interests in proven US onshore oil and gas formations, is pleased to announce it has acquired, via two separate transactions (the Transactions), a total of 416.40 net mineral acres in the producing Mississippi Lime formation, Oklahoma, which have the potential to hold multiple drilling locations and includes interests in five wells that are currently waiting to spud, one of which is operated by Devon Energy Production Company (Devon).

The Transactions are in line with the Companys strategy to build and develop a portfolio of leases in proven US onshore formations building production and reserves for the Company. Highlights � First Transaction: 250 net mineral acres acquired out of a 500 acre package from Fairmount Energy (Fairmount) in the oil and gas rich Mississippi Lime formation, Oklahoma, with various working interests o Provides exposure to 56 sections/units with 168 potential drilling locations o Includes five producing wells and five new wells waiting to spud including 3.5% working interest/ 2.6% net revenue interest in the Devon operated Miss Frank 1-6H well o AIM listed Magnolia Petroleum (Magnolia) has acquired the remaining 250 acres from Fairmount � Second Transaction: 166.4 net mineral acres acquired from Magnolia Petroleum made up of a 2% leasehold interest in 13 separate sections o Sections located in highly active area of Mississippi Lime o Provides exposure to 39 drilling locations o Magnolia retains interests of up to 22.5% in the relevant sections � First transactions since listing on ISDX Growth Market and concurrent �2 million capital raising in March 2013 to fund acquisition of leases and participate in wells alongside established operators in proven US onshore formations North Americans Managing Director Stefan Olivier said, "Within one month of listing, we have secured our first leases in the producing Mississippi Lime play, Oklahoma.

Importantly, with a possible 207 well locations on our acreage, we have made an excellent start in building a future well bank, and look forward to participating in drilling activity on these leases such as the Miss Frank well operated by Devon Energy.

We continue to evaluate a number of additional acquisition opportunities, as we look to deliver on our objective to generate substantial value for shareholders by acquiring and developing a diversified portfolio of leases located in proven onshore US formations, where the application of advanced drilling techniques has led to a dramatic increase in production in recent years." Further information Acquisition of 250 Net Mineral Acres in Oklahoma from Fairmount Energy NAP and Magnolia Petroleum have each acquired a 50% interest in 500 net mineral acres from Fairmount Ridge Partner LP, a subsidiary of Fairmount Energy, equating to 250 net mineral acres each.

The acreage includes five wells already producing from the Mississippi Lime formation, the details of which are provided in the table below.

The acquired acreage provides exposure to 56 sections/units in Oklahoma and it is the view of the Directors that up to three wells are required in each unit to maximise the recovery of reserves in the Mississippi Lime.

As a result, the purchase provides the Company with exposure to up 168 potential drilling locations. Producing Wells on the Acquired Acreage: Well Name Formation NAPs NRI Louis#7-1WX Mississippi Lime, Oklahoma 0.1999% Ripley 1H-28 Mississippi Lime, Oklahoma 0.1375% Wolf 1H-21 Mississippi Lime, Oklahoma 0.0899% McSwain 1H-12 Mississippi Lime, Oklahoma 0.5094% Grant 1H-10 Mississippi Lime, Oklahoma 0.7194%
In addition, five new wells have already been proposed on the acquired acreage and are waiting to spud.

NAP has elected to participate in these wells the drilling costs for which are included in the purchase price of the acquisition. Participating in the following five new wells: Well Name Targeted Formation Operator NAPs WI/NRI Miss Frank 1-6H Mississippi Lime, Oklahoma Devon Energy 3.53182%/ 2.648865% Louis 7-2MH Mississippi Lime, Oklahoma Calyx 0.55461%/ 0.449389 Campbell 1-17H Mississippi Lime, Oklahoma Truevine 0.111601590%/ 0.0892812% Wolf 1H-25 Mississippi Lime, Oklahoma Highmount 1.5625%/ 1.25% McClure 36-2H Mississippi Lime, Oklahoma Highmount 0.0699%/ 0.0552%
Acquisition of 166.4 net mineral acres in Oklahoma from Magnolia Petroleum The Company has acquired a 2% leasehold interest in 13 individual sections in the Mississippi Lime formation, Oklahoma, from AIM listed Magnolia Petroleum.

Each section covers a 640 acre unit.

A 2% interest in each unit equates to 12.8 net acres or 166.4 net mineral acres in total.

Under the terms of the farm down, NAP will have a 2% net revenue interest (NRI) however, upon pay-out (i.e.

when drilling costs have been recovered), 25% of NAPs NRI will be reassigned (Back-in) to Magnolia.

Upon pay-out, NAP will therefore have a 1.50% interest in the relevant leases while Magnolia will hold up to 22.50%. The sections are located in two counties in Oklahoma, both of which are experiencing high levels of drilling activity targeting the Mississippi Lime formation.

Two sections are in Garfield County and 11 are in Noble County. As a result of the Acquisition, NAP has the right to participate in 13 possible wells and up to 26 increased density wells to optimise the recovery of reserves in each separate section, a total of 39 potential drilling locations. **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 770520 +44(0) 203 100 8125 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
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