Northern Oil and Gas Announces Resignation of President

Northern Oil and Gas

today announced that Ryan R. Gilbertson, Northern Oil's President, has resigned to devote more time to other interests, including charitable activities and various business opportunities.  In connection with his resignation, which is effective October 1, 2012, Mr. Gilbertson entered into a consulting agreement pursuant to which he is expected to serve as an advisor to the Company's Board of Directors through October 2014.  Northern Oil does not currently expect to fill the position of President at the Company.  Mr. Gilbertson commented, "After careful consideration, I have decided that the time has come to spend more time pursuing personal interests. I am grateful for all the experiences Northern Oil has given me and I am confident in the future of the Company and the current team's ability to maximize shareholder value. I continue to be a substantial shareholder of Northern Oil and I look forward to providing perspective in my new role as a consultant to the Board."   Michael Reger, Chairman and Chief Executive Officer, commented, "Ryan has been a tremendous business partner to me as we have built Northern Oil into approximately the