Norse Energy Announces Appointment of Chief Financial Officer

September 22, 2011

Norse Energy Corp. ASA (“NEC” ticker Oslo Stock Exchange, Norway; “NSEEY” ticker U.S. OTC) is pleased to announce J. Chris Steinhauser as its new Chief Financial Officer. Before joining Norse Energy, Mr. Steinhauser held the CFO position in GeoPetro Resources.  He has served on a number of public and private industry Boards and has held senior management positions in four publicly traded upstream and midstream energy companies.  Mr. Steinhauser joined Norse Energy in April of 2010 as Executive Vice President of Mergers and Acquisitions.  He will continue to serve in this capacity in addition to assuming the duties of CFO.

Richard Boughrum has resigned effective December 1, 2011 to pursue other interests.  Mr. Boughrum will remain with the Company to assist with transitional matters until that date. 

Norse chief executive Mark Dice says, “I am very pleased to announce Chris as our new CFO.  He brings deep expertise from several previous CFO roles to this important position within Norse Energy.  I also want tothank Richard for his service and wish him well in his future endeavors.”

Norse Energy had total contingent resources of ~3.9 TCF (~700 MMBOE) at the end of 2010. The Company has a significant land position of 180,000 net acres in New York State of which ~130,000 are in the Marcellus and Utica shale fairway.

For further information, please contact:
J. Chris Steinhauser, Chief Financial Officer
Cell: +1 925 286 2819, Email: csteinhauser@norseenergy.com (csteinhauser@norseenergy.com)

S. Dennis Holbrook, Executive Vice President

Cell: +1 716 713-2489, Email: dholbrook@norseenergy.com (dholbrook@norseenergy.com)