Approved Prospectus and listing of new warrants

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Norse Energy Corp. ASA ("NEC" ASA, OSE ticker code "NEC", U.S OTC symbol "NSEEY") announces that The Financial Supervisory Authority of Norway has approved the following prospectus:

• Listing of 18,200,000 New Shares on Oslo Børs ASA, each with a nominal value of NOK 0.37 placed as Tranche II in the Private Placement at a subscription price of NOK 1.70 raising total gross proceeds of NOK 110.5 Million for Tranche I and II. The Private Placement was directed at certain Norwegian and international institutional investors, and was completed on 2 July 2010, and approved in an extraordinary general meeting of NEC on 6 August 2010.
• Listing of 55.4 million warrants with a strike price of NOK 2.21

Joint-Lead Managers: Carnegie ASA and Pareto Securities AS.

The new warrants will have ticker code NEC-K and start trading at the Oslo Stock Exchange on October 5th.

The prospectus is available on www.norseenergy.com.

For further information, please contact:

 Richard Boughrum, Chief Financial Officer

 Cell: +1 714 520 1702

 Email: rboughrum@norseenergy.com