Annual Statement of Reserves 2011

30 April 2012

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") has posted the 2011 Annual Statement of Reserves (`ASR`).

For further information, please contact:

J. Chris Steinhauser

Chief Financial Officer

Phone: +1 716 568-2048
Email: csteinhauser@norseenergy.com