Annual Statement of Reserves 2010

In accordance with guidelines provided by the Oslo Stock Exchange in Circular No. 2/2007, Norse Energy Corp. ASA ("NEC" ticker code OSE - NEC, Oslo, Norway, U.S OTC symbol "NSEEY") provides an updated 2010 Annual Statement of Reserves (`ASR`). The volumes presented in the ASR are identical to figures presented in the Prospectus dated May 19, 2011.

For further information, please contact:

Richard Boughrum

Chief Financial Officer
Cell: +1 714 520 1702

rboughrum@norseenergy.com