Notice of extraordinary general meeting

1 November 2011

Norse Energy Corp. ASA ("NEC" ticker Oslo Stock Exchange, Norway; "NSEEY" ticker U.S. OTC) welcomes the shareholders in the Company to attend an Extraordinary General Meeting (EGM) scheduled to be held on 22 November 2011 at 11:00 Oslo time at Shippingklubben in Haakon VIIs gate 1, Oslo, Norway.

On the agenda for the EGM is:

1.             Opening of the meeting by the chairman of the board

2.             Presentation of list of attending shareholders and proxies

3.             Election of chairperson and a person to co-sign the minutes

4.             Approval of the summons and the agenda

5.             Election of board members

6.             Share capital reduction (reduction in par value)

7.             Proposal for authorization of the Board of Directors to increase the share capital (50%)

8.             Proposal for authorization of the Board of Directors to issue a convertible loan

9.             Proposal for issuance of warrants in connection with share issues and/or convertible loans

10.           Proposal for amendment of Articles of Association by reverse split of shares

Please find enclosed summons, proposed resolutions and registration/proxy form.

For further information, please contact:

J. Chris Steinhauser, Chief Financial Officer

Direct: +1 716 218 4229, 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)

About Norse Energy Corp.: Norse Energy is a natural gas production company with significant upside in the Marcellus and Utica Shales. At year end 2010 the Company had third party certified total contingent resources of 3.9 TCF (~700 MMBOE) of which approximately 3.7 Tcf are in the Marcellus and Utica. The Company has a significant land position of 180,000 net acres in New York State.