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2011 Financial Calendar

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The financial calendar for 2011 for Norse Energy Corp. ASA (“NEC” ticker Oslo Stock Exchange, Norway; “NSEEY” ticker U.S. OTC) is as follows:

March 1, 2011 (presentation)

Fourth quarter 2010 Results (numbers will be published February 28)

May 27, 2011

First quarter 2011 Results and Annual General Meeting

August 31, 2011

Second quarter 2011 Results

November 16, 2011

Third quarter 2011 Results

Please note that the financial calendar is subject to change.

Norse Energy has total contingent resources of ~4 TCF (~713 MMBOE) at the end of 2009. The Company has a significant land position of 180,000 net acres in New York State. The Company also owns a natural gas marketing business and operates pipeline systems in New York and Pennsylvania for gathering and transmission of natural gas.

For further information, please contact:

Richard Boughrum, Chief Financial Officer

Cell: +1 714 520 1702

Email: rboughrum@norseenergy.com