Northern Oil and Gas Inc.

Intends to offer for sale in a private placement to eligible purchasers new senior notes due 2028. Proceeds will be used to fund a portion of the cash purchase price for the pending acquisition of certain nonoperated natural gas assets in the Appalachian Basin from Reliance Marcellus LLC, repay a portion of the outstanding borrowings under its revolving credit facility, repurchase or redeem all of its outstanding 2023 second lien notes, repay in full its outstanding 2020 unsecured promissory note and pay all accrued and unpaid interest due in connection with such repurchases, repayments and redemptions and all related premiums and transaction expenses. Any remaining net proceeds will be used for general corporate purposes, which may include further repayment of a portion of the outstanding borrowings under its revolving credit facility. Offering is not conditioned upon the completion of the Reliance acquisition.