Invitation to presentation of the business combination agreement between New Brazil Holding and Pan Petroleum on March 16, 2010

Norse Energy Corp. ASA (“NEC” ticker code OSE – NEC, Oslo, Norway, U.S OTCQX symbol “NSEEY”) is pleased to invite to an analyst and investor presentation of the business combination agreement between New Brazil Holding ASA and Pan-Petroleum (Holding) Cyprus Ltd. Place: Shippingklubben, Haakon VII's gate 1, 0112 Oslo Date: Tuesday, March 16, 2010 Time: 08:30 CET The presentation will also be webcasted live, and can be accessed via www.norseenergy.com. For further information please contact: Anders Kapstad, CFO Norse Energy Corp. ASA Cell: +47 91 81 74 42 Email: akapstad@norseenergy.com