MANDATORY NOTIFICATION OF TRADE - CEO & Board Member

Mrs Kristine Holm, Board member of Badger Explorer ASA - BXPL- has today purchased 10.000 bxpl-shares at NOK 7,00 via Invest OK AS. Mrs Holms total holding of bxpl-shares after this transaction is 15.000 shares, all held via Invest OK AS. Mr Kjell Erik Drevdal, CEO of Badger Explorer ASA - BXPL - has today via his investment company 5K International AS purchased 10.000 bxpl-shares at an average price of NOK 7,187. Mr Drevdal's total holding of bxpl-shares after this purchase is 232.600 shares (1,26 % of the total number of outstanding bxpl-shares)