Norse Energy Announces EGM Request

Tue, Oct 25, 2011 05:00 CET

October 24, 2011

Norse Energy Corp. ASA (“NEC” ticker Oslo Stock Exchange, Norway; “NSEEY” ticker U.S. OTC) announces that it has received a request for an Extraordinary General Meeting (EGM) from a shareholder’s group indicating that it represents more than five percent of outstanding Norse shares.

The stated purpose of those requesting the meeting is to address replacing board members Dag Erik Rasmussen and Katherine Stovring with Cecilie Amdahl and former Norse CEO Oivind Risberg, respectively. Norse anticipates sending out shortly formal notice of an EGM, with the meeting expected to take place within the next thirty days.

For further information, please contact:

J. Chris Steinhauser, Chief Financial Officer
Direct: +1 716 218 4229, Email: csteinhauser@norseenergy.com

S. Dennis Holbrook, Executive Vice President

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