Annual Statement of Reserves 2009

Norse Energy Corp. ASA (“NEC” ticker code OSE – NEC, Oslo, Norway, U.S OTC symbol “NSEEY”) In accordance with guidelines provided by the Oslo Stock Exchange in Circular No. 2/2007, Norse Energy Corp. ASA is pleased to provide the 2009 Annual Statement of Reserves (`ASR`). The volumes presented in the ASR are identical to figures presented on February 26, 2010 and included in the fourth quarter 2009 report. For further details, please contact: Jonas Gamre, Investor Relations Phone: +47 97 11 82 92 Email: jgamre@norseenergy.com This information is subject of the disclosure requirements acc. to §5-12 vphl (Norwegian Securities Trading Act)