United States Oil & Gas Corp. Pending Acquisition in North Dakota Grows Customer Base for Propane Sales by 30%; Backlog

AUSTIN, TX, Nov 09 (MARKET WIRE) --
United States Oil & Gas Corporation (PINKSHEETS: USOG), a growing oil and
gas products, services and technology company, reaffirmed today that it
remains on-track with its preliminary agreement to acquire a North
Dakota-based oil and gas distributor of refined fuels and other oil-based
products. The company is pleased to report that it has increased its
residential propane business customer base by 30% year-to-date through
October 31, 2009. Compared to the same period last year, sales grew by
over 94,000 gallons along with a material amount of backlog of new
customer orders.

With a customer base less impacted by the residential mortgage crisis that
has affected many other parts of the country, demand for fuels has
remained relatively steady. Located in the northern central portion of
North Dakota, the target is a profitable oil and gas distribution company
which sells diesel, race gasoline, propane, and lubricants to regional
businesses, farms, and private residences.

Revenue at the target company is expected to total $8 million for the year
ending December 31, 2009, with steady growth moving forward. Revenue for
2008 totaled $7 million, to date, the company's best on record.

The company owns a bulk storage plant, a fleet of tanker trucks, and a
retail outlet. Management has over 30 years experience in the industry,
and as outlined in the initial agreement, will be contracted to remain
with the business for a minimum of three years.

The acquisition is expected to be finalized by year's end, subject to
completing due diligence and negotiating for financing. USOG will keep the
market fully updated on this acquisition as well as others it is currently
working on closing.

About USOG

United States Oil & Gas Corp. is focused on the domestic oil and gas
services sector, acquiring companies with historically profitable results,
strong balance sheets, high profit margins, and solid management teams in
place. USOG also develops innovative technologies to increase oil and gas
extraction with the smallest environmental footprint.

This Press Release may contain certain forward-looking statements within
the meaning of the Private Securities Litigation Reform Act of 1995. USOG
has tried, whenever possible, to identify these forward-looking statements
using words such as "anticipates," "believes," "estimates," "expects,"
"plans," "intends," "potential" and similar expressions. These statements
reflect USOG's current beliefs and are based upon information currently
available to it. Accordingly, such forward-looking statements involve
known and unknown risks, uncertainties and other factors which could
cause USOG's actual results, performance or achievements to differ
materially from those expressed in or implied by such statements. USOG
undertakes no obligation to update or provide advice in the event of any
change, addition or alteration to the information catered in this Press
Release including such forward-looking statements.

Contact:
Investor Relations:
+1-512-464-1255
Email Contact

United States Oil & Gas Corp.
11782 Jollyville Road, Suite 211B
Austin, Texas 78759, USA
www.usaoilandgas.com

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