Options Granted

​

Norse Energy Corp. ASA (“NEC” ticker code OSE – NEC, Oslo, Norway, U.S OTCQX symbol “NSEEY”) announces that the Company issued 1,100,000 stock options to employees. A grant of 400,000 stock options was made under the Company’s 2009 stock option plan and grants totaling 700,000 were made under Company’s 2006 plan. Of the options issued 500,000 were issued to a primary insider, J. Chris Steinhauser, Executive Vice President Mergers & Acquisitions, under the terms of his employment contract. The strike price was set at NOK 2.86 which was based on closing price Tuesday June 8th plus eight percent. After today’s awards the Company has 16,615,000 options outstanding under all of its plans. The Company has 17,500,000 stock options authorized.

For further information, please contact:

Richard Boughrum, Chief Financial Officer
Cell: +1 714 520 1702
Email: rboughrum@norseenergy.com