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Revision of Financial Calendar

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8 August 2012

Norse Energy Corp. ASA ("NEC" ticker code OSE - NEC, Oslo, Norway, U.S OTCQX symbol "NSEEY") announces a revision to the financial calendar. The Company will publish the results of the Second Quarter 2012 on 15 August 2012, two weeks earlier than originally scheduled.

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

For further information, please contact:

J. Chris Steinhauser, Chief Financial Officer

Direct: +1 713 975 1900

Email: csteinhauser@norseenergy.com

Dennis Holbrook, Chief Legal Officer

Direct: +1 716 568 2048

Email: dholbrook@norseenergy.com