Revision of Financial Calendar

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22 October 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 Third Quarter 2012 on 8 November 2012, three 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.   Norse Energy’s certified 2C Contingent Resources total 951 MMBOE.

For further information, please contact:

Chris Steinhauser, Chief Financial Officer

csteinhauser@norseenergy.com

Office:  +1 713 975 1900

S. Dennis Holbrook, EVP and Chief Legal Officer

dholbrook@norseenergy.com

Office: +1 716 568 2048