BADGER EXPLORER ASA EMPLOYS GUNNAR DOLVEN AS CFO

Stavanger, 25th of June 2007: Badger Explorer ASA has employed Gunnar Dolven as CFO. Dolven has beenhired as CFO since early 2007. Dolven has long experience from management positions in several Norwegian companies and financial institutions. Badger Explorer ASA became listed on Oslo Axess inthe middle of June and is currently in an exciting development phase. The company is developing a revolutionary method for exploration and verification of oil and gas prospects. In relationto the IPO Badger Explorer ASA raised NOK 160 million and is now fully funded to develop and commercialise the Badger Explorer. - Badger Explorer has the potential to dramaticallychange the exploration processes for oil and gas. With Gunnar Dolven we have strengthened the team considerably, and I am very pleased he wishes to take part in this on a permanent basis, says CEO & President Kjell Erik Drevdal. Gunnar Dolven (56) has an MBA from NHH-Norwegian School of Economics & Business Administration, and a MSc in Economics. Since the early 1980`s he has held a number of executive positions within Norwegian financial institutions such as SR-Bank, Sparebank1- Corporation and Kredittkassen. Dolven was Group Managing Director in Statoil - strategic planning. The last four years he has been a Partner in Procom Venture AS. For further enquires, please contact Kjell Erik Drevdal, CEO, +47 916 43 552 Gunnar Dolven, CFO +47 908 53 168 About Badger Explorer ASA: Badger Explorer ASA is developing a revolutionary method for exploration and verification of oil and gas prospects, called Badger Explorer. Badger Explorer drills down and buries itself in the underground, equipped with numerous sensors, which measure and register vital formation and physical data. The method provides a substantially lower risk, cost and complex operation compared to utilising an expensive conventional drilling rig. The crushed formation cuttings are transported through the tool, deposited and compressed in the void behind the unit. Potential excess volume is injected into fractures generated by Badger Explorer. The unit is connected to a combined powerand signal cable which again is connected to the surface. The unit is powered by electricity and transmits data signals to the surface through the cable. Badger Explorer ASA has the ambition of launching a commercial service in the market late 2008. www.bxpl.com Disclaimer: This press release includes statements that may constitute forward-looking statements. Such forward-looking statements are subject to a variety of known and unknown risks, uncertainties, and other factors that are difficult to predict andmany of which are beyond Badger Explorer management`s control. All statements other than statements of historical facts included or incorporated herein may constitute forward-looking statements. Although we believe that the expectations reflected in the forward-looking statements are reasonable, we can give no assurancethat such expectations will prove to be correct. The forward-looking statements involve risks and uncertainties that affect our operations, financial performance and other factors. This news release does not constitute an offer to sell or a solicitation of an offer to buy the securities described herein, nor shall there be anysale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction.