June 14, 2012

Norse Energy Corp. ASA ("NEC" ticker Oslo Stock Exchange, Norway;
"NSEEY" ticker U.S. OTC) advises the Board of Directors ("Board") of
Norse Energy Corp. ASA (the "Company") has today resolved to call for an
Extraordinary General Meeting to be held on July 5, 2012 in Oslo.

Please find attached the calling notice with appendices. The calling
notice has also been posted on the Company's website. Among the
proposals to the General Meeting, the Board has proposed issuance of a
convertible loan and a capital reduction by way of reducing the par
value of the shares, please see the attached.

For further information, please contact:
J. Chris Steinhauser, Chief Financial Officer
Phone: +1 716 568-2048 Email: csteinhauser@norseenergy.com

S. Dennis Holbrook, Chief Legal Officer
Cell: +1 716 713-2489 Email: dholbrook@norseenergy.com