Norse Announces Updated Corporate Presentation

3 July 2012

Norse Energy Corp. ASA (“NEC” ticker Oslo Stock Exchange, Norway; “NSEEY” ticker U.S. OTC) announces that the company has updated its corporate presentation in advance of the 5 July 2012 Extraordinary General Meeting (“EGM”).

Norse Energy’s CEO Mark Dice will present the material to shareholders in attendance at the EGM on 5 July in the Shippingklubben in Oslo, Norway. The new corporate presentation and EGM summons are available on the Norse Energy website, www.NorseEnergy.com.

Norse Energy owns or leases approximately 130,000 net acres in New York State of which ~33,000 lies in the liquids rich shale fairways of Western New York, and the remaining ~97,000 net acres lies in the Marcellus and Utica natural gas fairways of Central New York. Norse Energy’s internally estimated contingent resources total ~917 MMBOE or ~5.2 TCFGE.

For further information, please contact:

J. Chris Steinhauser, Chief Financial Officer
Phone: +1 716 568-2048 Email: csteinhauser@norseenergy.com

S. Dennis Holbrook, Chief Legal Officer
Cell: +1 716 713-2489 Email: dholbrook@norseenergy.com