Audited 2010 accounts for US subsidiary Norse Energy Holdings Inc.

Please find attached the audited 2010 financials for Norse Energy Holdings Inc. (NEHI) and its subsidiaries, a 100% subsidiary of Norse Energy Corp. ASA ("NEC" ticker code OSE - NEC, Oslo, Norway, U.S. OTCQX symbol "NSEEY").

For further details, see the Annual Report for NEHI's mother company Norse Energy Corp. ASA (ticker code "NEC") and consolidated for the group.

For further information, please contact:

Richard Boughrum, Chief Financial Officer

Cell: +1 714 520 1702

Email: rboughrum@norseenergy.com