06/24/2012

25 June 2012

Norse Energy Corp. ASA ("NEC" ticker Oslo Stock Exchange, Norway; "NSEEY" ticker U.S. OTC) announces the Nomination Committee's recommendation to the Extraordinary General Meeting (EGM) to be held on July 5, 2012.

The Nomination Committee recommends that the Extraordinary General Meeting appoints Mr. Per Kumle as a new Board member and that he be elected for a two-year period, until the Annual General Meeting in 2014. Mr. Per Kumle has confirmed his willingness to serve as a Board member and he is, by the Nomination Committee, viewed as independent to both Management and major Shareholders.

Mr. Per Kumle has a career of nearly 30 years in the Energy, Banking and Real Estate sectors. His working experience includes amongst others: important positions within Shell, Saga Petroleum, Citigroup, Storebrand and Akershus Eiendom, where he presently serves as Managing Partner.

Mr. Kumle has significant experience working with restructurings both on the operation level and on the financial side. He presently serves as board member in Megaron AS, Aktiv Kapital Nordic AB, Aktiv Kapital ASA, SiPro AS and Gjensidige Bank ASA. He currently owns 100.000 shares in NEC. Per Kumle has an MSc in Chemical Engineering. He is married and has two children. He resides in Oslo Norway.

The full recommendation from the Nomination Committee is available on the Norse Energy website (www.norseenergy.com).

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