Category: 2025

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

News Release – Vancouver, British Columbia – TheNewswire – December 23, 2025 – Norsemont Mining Inc. (CSE: NOM, OTC: NRRSF, FWB: LXZ1) (“NOM” or the “Company”) is pleased to announce that, further to its December 7 and December 21, 2025 news releases, it has closed the second and final tranche (the “Second Tranche”) of its non-brokered private placement (the “Offering”) of unsecured convertible debenture units of the Company (each, a “Convertible Debenture Unit”). The Company issued an aggregate of US$10,929,000 of principal amount of Convertible Debentures (as defined below) and issued 8,765,058 Warrants (as defined below) for aggregate gross proceeds of US$10,929,000 (approximately CAD$15,075,899.76) pursuant to the Offering.

The Company issued US$3,400,000 of principal amount of Convertible Debentures (as defined below) and issued 2,726,800 Warrants (as defined below) pursuant to the Second Tranche for aggregate gross proceeds of US$3,400,000 (approximately CAD$4,690,096).

Norsemont CEO Marc Levy commented, “We are grateful for Crescat’s increased ownership in Norsemont, alongside the continued support of other strategic shareholders. We value their conviction and look forward to working with them as we advance the Choquelimpie Project toward its next phase of development.”

The proceeds from the Offering are expected to be used for general working capital purposes, as well as mineral exploration and advancement of the Company’s Choquelimpie gold-silver-copper project.

Each Convertible Debenture Unit is comprised of one convertible debenture in the principal amount of US$1,000 per debenture (each, a “Convertible Debenture”), with each Convertible Debenture and all accrued and unpaid interest thereon convertible into common shares of the Company (each, a “Conversion Share”) at a conversion price of C$0.86 per Conversion Share, and 802 transferable common share purchase warrants (each, a “Warrant”), with each Warrant entitling the holder thereof to purchase one common share (a “Warrant Share”) at a price of C$1.00 per Warrant Share for a period of three years from the date of issuance (each such date, a “Closing Date”), subject to acceleration rights for both the Convertible Debentures and the Warrants. The Convertible Debentures bear interest at a rate of 5.25% per annum with a maturity date of three years from the Closing Date. Additionally, the Convertible Debentures includes a gold purchase right whereby, upon commercial production and for a period of one year from commercial production, the subscriber may purchase gold from the Company at a fixed price of US$3,000 per ounce, up to the subscription amount of the subscriber.

More information regarding the Offering is available in the Company’s news releases dated December 7 and December 21, 2025 and in the Form 9 posted under the Company’s profile on the CSE website.

All securities issued in connection with the Offering, including any Conversion Shares and Warrant Shares, are subject to a restricted period of four months and one day from the Closing Date.

This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States. The securities offered have not been and will not be registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”) or any state securities laws and may not be offered or sold within the United States or to, or for the account or benefit of, U.S. persons unless registered under the U.S. Securities Act and applicable state securities laws, unless an exemption from such registration is available.

On Behalf of the Board,

NORSEMONT MINING INC.

Marc Levy

CEO & Chairman

About Norsemont Mining Inc.

The Norsemont team comprises experienced natural resource professionals focused on growing shareholder value and developing its flagship project through to feasibility, with an indicated mineral resource estimate of 1,731,000 gold ounces, and 33,233,000 silver ounces and an inferred mineral resource of 446,000 gold ounces and 7,219,000 silver ounces for its Choquelimpie Gold-Silver-Copper project. Norsemont Mining owns a 100% interest in the Choquelimpie gold-silver-copper project in northern Chile, a past producing gold and silver mine with exploration upside. Choquelimpie has over 1,710 drill holes, with significant existing infrastructure, including roads, power, water, camp and a 3,000-tonne-per-day mill. Norsemont is committed to responsible and sustainable resource development, leveraging modern exploration techniques to unlock further value for all stakeholders.

For more information, please contact the Company at: psearle@norsemont.com  
Investor Relations: Paul Searle (778) 240-7724

Follow Norsemont Mining:
Twitter: @norsemont
LinkedIn: @norsemontmining
Facebook: @norsemontmining

YouTube: @norsemontmining

Forward-Looking Statements

Cautionary Note Regarding Forward-Looking Statements: This release includes certain statements and information that may constitute forward-looking information within the meaning of applicable Canadian securities laws. Forward-looking statements relate to future events or future performance and reflect the expectations or beliefs of management of the Company regarding future events. Generally, forward-looking statements and information can be identified by the use of forward-looking terminology such as “intends” or “anticipates”, or variations of such words and phrases or statements that certain actions, events or results “may”, “could”, “should”, “would” or “occur”. This information and these statements, referred to herein as “forward‐looking statements”, are not historical facts, are made as of the date of this news release and include without limitation, statements regarding discussions of future plans, estimates and forecasts and statements as to management’s expectations and intentions with respect to, among other things, the Company’s anticipated use of proceeds from the Offering, the Company’s business objectives and strategies, and its ability to achieve key operational or regulatory milestones.

These forward‐looking statements involve numerous risks and uncertainties and actual results might differ materially from results suggested in any forward-looking statements. These risks and uncertainties include, among other things, risks related to the Company’s ability to effectively deploy the proceeds of the Offering, market conditions, regulatory developments, and general economic factors.

Although management of the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements or forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements and forward-looking information. Readers are cautioned that reliance on such information may not be appropriate for other purposes. The Company does not undertake any obligation to update publicly or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by applicable law.

Copyright (c) 2025 TheNewswire – All rights reserved.

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

News Release – Vancouver, British Columbia – TheNewswire – December 21, 2025 – Norsemont Mining Inc. (CSE: NOM, OTC: NRRSF, FWB: LXZ1) (“NOM” or the “Company”) is pleased to announce that, further to its December 7, 2025 news release, it has closed the first tranche of its non-brokered private placement (the “Offering”) of unsecured convertible debenture units of the Company (each, a “Convertible Debenture Unit”). The Company issued US$7,529,000 (approximately CAD$10,375,715) of principal amount of Convertible Debentures (as defined below) and issued 6,035,258 Warrants (as defined below) for aggregate gross proceeds of US$7,529,000 (approximately CAD$10,375,715).

Norsemont CEO Marc Levy commented, “This significant financing positions the Company to advance its 2026 drill program, progress the Choquelimpie near-term production strategy, and complete the proposed stockpile PEA. Our long-term European and offshore strategic investors have demonstrated ongoing support and have expressed interest in providing additional capital as the project advances.”

The Company also announces that the terms of the Offering have been amended, from gross proceeds of up to C$10,000,000 with a 30% over-allotment option as previously disclosed, to gross proceeds of up to US$10,000,000 (approximately CAD $13,794,400).

The proceeds from the Offering are expected to be used for general working capital purposes, as well as mineral exploration and advancement of the Company’s Choquelimpie gold-silver-copper project.

Each Convertible Debenture Unit is comprised of one convertible debenture in the principal amount of US$1,000 per debenture (each, a “Convertible Debenture”), with each Convertible Debenture and all accrued and unpaid interest thereon convertible into common shares of the Company (each, a “Conversion Share”) at a conversion price of C$0.86 per Conversion Share, and 802 transferable common share purchase warrants (each, a “Warrant”), with each Warrant entitling the holder thereof to purchase one common share (a “Warrant Share”) at a price of C$1.00 per Warrant Share for a period of three years from the closing date of the first tranche of the Offering (the “Closing Date”), subject to acceleration rights for both the Convertible Debentures and the Warrants. The Convertible Debentures bear interest at a rate of 5.25% per annum with a maturity date of three years from the Closing Date. Additionally, the Convertible Debentures includes a gold purchase right whereby, upon commercial production and for a period of one year from commercial production, the subscriber may purchase gold from the Company at a fixed price of US$3,000 per ounce, up to the subscription amount of the subscriber.

More information regarding the Offering is available in the Company’s news release dated December 7, 2025 and in the Form 9 posted under the Company’s profile on the CSE website.

All securities issued in connection with the Offering, including any Conversion Shares and Warrant Shares, are subject to a restricted period of four months and one day from closing of the Offering.

This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States. The securities offered have not been and will not be registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”) or any state securities laws and may not be offered or sold within the United States or to, or for the account or benefit of, U.S. persons unless registered under the U.S. Securities Act and applicable state securities laws, unless an exemption from such registration is available.

On Behalf of the Board,

NORSEMONT MINING INC.

Marc Levy

CEO & Chairman

About Norsemont Mining Inc.

The Norsemont team comprises experienced natural resource professionals focused on growing shareholder value and developing its flagship project through to feasibility, with an indicated mineral resource estimate of 1,731,000 gold ounces, and 33,233,000 silver ounces and an inferred mineral resource of 446,000 gold ounces and 7,219,000 silver ounces for its Choquelimpie Gold-Silver-Copper project. Norsemont Mining owns a 100% interest in the Choquelimpie gold-silver-copper project in northern Chile, a past producing gold and silver mine with exploration upside. Choquelimpie has over 1,710 drill holes, with significant existing infrastructure, including roads, power, water, camp and a 3,000-tonne-per-day mill. Norsemont is committed to responsible and sustainable resource development, leveraging modern exploration techniques to unlock further value for all stakeholders.

For more information, please contact the Company at: psearle@norsemont.com  
Investor Relations: Paul Searle (778) 240-7724

Follow Norsemont Mining:
Twitter: @norsemont
LinkedIn: @norsemontmining
Facebook: @norsemontmining

YouTube: @norsemontmining

Forward-Looking Statements

Cautionary Note Regarding Forward-Looking Statements: This release includes certain statements and information that may constitute forward-looking information within the meaning of applicable Canadian securities laws. Forward-looking statements relate to future events or future performance and reflect the expectations or beliefs of management of the Company regarding future events. Generally, forward-looking statements and information can be identified by the use of forward-looking terminology such as “intends” or “anticipates”, or variations of such words and phrases or statements that certain actions, events or results “may”, “could”, “should”, “would” or “occur”. This information and these statements, referred to herein as “forward‐looking statements”, are not historical facts, are made as of the date of this news release and include without limitation, statements regarding the closing of the Offering; the use of proceeds of the Offering; future plans with respect to advancement of the Company’s project; and the anticipated closing date of the Offering.

These forward‐looking statements involve numerous risks and uncertainties, and actual results might differ materially from results suggested in any forward-looking statements. These risks and uncertainties include, among other things, the Company not receiving sufficient investor interest to close the Offering; receipt of the necessary regulatory approvals in respect of the Offering and, with respect to the Offering, risks adverse to the capital markets, the mining industry, and investor support. In making the forward-looking statements in this news release, the Company has applied several material assumptions, including without limitation, that the Company will receive the necessary regulatory approvals and receive market interest to close the Offering on the terms herein.

Although management of the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements or forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements and forward-looking information. Readers are cautioned that reliance on such information may not be appropriate for other purposes. The Company does not undertake to update any forward-looking statement, except as required by applicable securities laws.

Copyright (c) 2025 TheNewswire – All rights reserved.

Vancouver, B.C., December 8, 2025 – Norsemont Mining Inc. (CSE: NOM, OTC: NRRSF, FWB: LXZ1) (“Norsemont” or the “Company”) is pleased to announce it is undertaking a CAD$10 million non­brokered private placement of unsecured convertible debenture units of the Company (each, a “Convertible Debenture Unit”) with an overallotment of up to 30% of the offering (the “Offering”). Each Convertible Debenture Unit is comprised of one convertible debenture in the principal amount of US$1,000 per debenture (each, a “Convertible Debenture”), with each Convertible Debenture and all accrued and unpaid interest thereon convertible into common shares of the Company (each, a “Conversion Share”) at a conversion price of CAD$0.86 per Conversion Share (the “Conversion Price”), and 802 transferable common share purchase warrants (each, a “Warrant”), with each Warrant entitling the holder thereof to purchase one common share (a “Warrant Share”) at a price of CAD$1.00 per Warrant Share for a period of three years from the closing date of the Offering (the “Closing Date”), subject to acceleration rights for both the Convertible Debentures and the Warrants. The Convertible Debentures bear interest at a rate of 5.25% per annum with a maturity date of three years from the Closing Date (the “Maturity Date”). Additionally, the Convertible Debentures includes a gold purchase right whereby, upon commercial production and for a period of one year from commercial production, the subscriber may purchase gold from the Company at a fixed price of US$3,000 per ounce, up to the subscription amount of the subscriber.

The Company anticipates closing the financing on December 17, 2025, subject to the standard five-day notice period required by the Canadian Securities Exchange (the “Exchange”).

At any time after the date that is four months and one day after the Closing Date, if, for at least 10 consecutive trading days, the closing price of the common shares of the Company (each, a “Common Share”) on the Exchange for each day during such period exceeds CAD$3.00 per Common Share, then the Company may issue a notice by public news release (the “Debenture Forced Conversion Notice”) to the holders to automatically convert the Convertible Debentures together with all accrued and unpaid interest thereon into Common Shares on the date which is 10 days after the date of the Debenture Forced Conversion Notice (the “Forced Conversion Date”). All of the Convertible Debentures and accrued but unpaid interest thereon will automatically convert into Common Shares at the Conversion Price on the Forced Conversion Date.

In the event that the Common Shares close at a price on the Exchange of CAD$1.75 or greater per Common Share for a period of 10 consecutive trading days after four months and one day from the Closing Date, the Company may accelerate the expiry of the Warrants by giving notice to the holders thereof by public news release and, in such case, the Warrants will expire on the 10th business day after the date of such notice.

All securities issued in connection with the Offering will be subject to a restricted period of four months and one day.

The proceeds of the Offering are anticipated to be used for general working capital purposes and mineral exploration and advancement of the Company’s Choquelimpie Gold-Silver-Copper project.

Norsemont CEO Marc Levy commented, “With this proposed financing, and upon the closing thereof, we anticipate we will be well-positioned to advance next year’s drill program and complete our proposed stockpile preliminary economic assessment. Importantly, our long-term European and offshore strategic investors have signaled their intent to continue supporting the company with future capital.”

This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States. The securities offered have not been and will not be registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act“) or any state securities laws and may not be offered or sold within the United States or to, or for the account or benefit of, U.S. persons unless registered under the U.S. Securities Act and applicable state securities laws, unless an exemption from such registration is available.

On Behalf of the Board,

NORSEMONT MINING INC.

Marc Levy

CEO & Chairman

About Norsemont Mining Inc.

The Norsemont team comprises experienced natural resource professionals focused on growing shareholder value and developing its flagship project through to feasibility, with an indicated mineral resource estimate of 1,731,000 gold ounces, and 33,233,000 silver ounces and an inferred mineral resource of 446,000 gold ounces and 7,219,000 silver ounces for its Choquelimpie Gold-Silver-Copper project. Norsemont Mining owns a 100% interest in the Choquelimpie gold-silver-copper project in northern Chile, a past producing gold and silver mine with exploration upside. Choquelimpie has over 1,710 drill holes, with significant existing infrastructure, including roads, power, water, camp and a 3,000-tonne-per-day mill. Norsemont is committed to responsible and sustainable resource development, leveraging modern exploration techniques to unlock further value for all stakeholders.

For more information, please contact the Company at: psearle@norsemont.com  
Investor Relations: Paul Searle (778) 240-7724

Follow Norsemont Mining:
Twitter: @norsemont
LinkedIn: @norsemontmining
Facebook: @norsemontmining

YouTube: @norsemontmining

Forward-Looking Statements

Cautionary Note Regarding Forward-Looking Statements: This release includes certain statements and information that may constitute forward-looking information within the meaning of applicable Canadian securities laws. Forward-looking statements relate to future events or future performance and reflect the expectations or beliefs of management of the Company regarding future events. Generally, forward-looking statements and information can be identified by the use of forward-looking terminology such as “intends” or “anticipates”, or variations of such words and phrases or statements that certain actions, events or results “may”, “could”, “should”, “would” or “occur”. This information and these statements, referred to herein as “forward‐looking statements”, are not historical facts, are made as of the date of this news release and include without limitation, statements regarding the closing of the Offering; the use of proceeds of the Offering; future plans with respect to advancement of the Company’s project; and the anticipated closing date of the Offering.

These forward‐looking statements involve numerous risks and uncertainties, and actual results might differ materially from results suggested in any forward-looking statements. These risks and uncertainties include, among other things, the Company not receiving sufficient investor interest to close the Offering; receipt of the necessary regulatory approvals in respect of the Offering and, with respect to the Offering, risks adverse to the capital markets, the mining industry, and investor support. In making the forward-looking statements in this news release, the Company has applied several material assumptions, including without limitation, that the Company will receive the necessary regulatory approvals and receive market interest to close the Offering on the terms herein.

Although management of the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements or forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements and forward-looking information. Readers are cautioned that reliance on such information may not be appropriate for other purposes. The Company does not undertake to update any forward-looking statement, except as required by applicable securities laws.

Copyright (c) 2025 TheNewswire – All rights reserved.

Vancouver, B.C. – TheNewswire – December 2, 2025 – Norsemont Mining Inc. (CSE: NOM, OTC: NRRSF, FWB: LXZ1) (“Norsemont” or the “Company”) is pleased to announce completion of the initial diamond drill hole and commencement of 2 additional drill holes of its Phase 3 exploration drill program at the 100%-owned Choquelimpie high-sulfidation gold-silver-copper project in northern Chile. The first hole was targeting higher-grade gold mineralization hosted in the Vizcacha hydrothermal Brecia (Figure 1).  The Phase 3 program will comprise up to 5,000 meters of diamond drilling (“DDH”) utilizing two (2) diamond drill rigs, with drilling scheduled to continue through late December.

Highlights

• Diamond drill hole MV25-DD01, targeting the Vizcacha higher grade hydrothermal breccia, has been completed to a depth of 300 meters (Figure 2). 

• Diamond drill hole MV25-DD02 has been collared, from the same station as MV25-DD01 (Figure 1), to also target the Vizcacha Hydrothermal Breccia to depth (Figure 2) 

• MV25-DD03 has been designed to explore the Choque Zone (Figure 1) at depth, below the area where gold grades have been calculated within the 2025 resource model (Wilson, 2025), (Figure 3). 

Management Comments

Norsemont CEO Marc Levy commented:

“With the second and third diamond drill holes now in progress at Choquelimpie utilizing 2 drill rigs, we are rapidly advancing what we believe could be a transformative Phase 3 drill program. The targeting of these holes reflects our growing confidence in the potential for substantial high-grade gold zones at depth and along strike below the existing open-pit resource. We look forward to further updating shareholders as drilling continues and results become available.”

The Phase 3 Drill Program

The Phase 3 drill campaign at Choquelimpie is designed to evaluate down-dip extensions of higher-grade gold mineralization (>1 gram/tonne Au) hosted within hydrothermal breccia zones. The program will comprise up to 20 holes averaging 250 meters in length.  The priority drill stations for this program are shown on Figure 1.

Norsemont, through its wholly owned Chilean subsidiary SCM Vilacollo, has engaged DV Drilling Ltd. of Coquimbo, Chile, to conduct the Phase 3 exploration program. DV Drilling is operating one each of a Golden Bear 1400, and CSK C1500, truck-mounted diamond drills.  The rigs will be operated on a 24-hour schedule.

Drill core samples will be prepared at the Activation Geological Services SpA (AGS) facility located in Antofagasta Chile and analyzed at the AGS geochemical laboratory, located at Coquimbo, Chile.  The laboratory has an ISO 17025 certification.

Downhole surveys are being conducted by DV Drilling utilizing a Device Gyroscope.

Hole MV25-DD01 has been collared at coordinates of E473,285, N7,975,980 and an elevation of 4,694 meters (blue star on Figure 1).  The hole, oriented at an azimuth of 275 degrees and inclined at 70 degrees, has been completed to a depth of 300 meters.  The hole dominantly intersected the Vizcacha hydrothermal breccia (“Brecha Hidrotermal” in Figure 2), as predicted.  The breccia hosts moderate to strong pyrite mineralization (1 – 7%), as disseminations and in veinlets.  Silica-pyrite and silica-enargite veinlets also were intersected from the 180-meter depth to the end-of-hole.  Assays are pending

Hole MV25-DD02 has been collared, from the same station as MV25-DD01, to also target the Vizcacha Hydrothermal Breccia to depth (Figure 2).  The hole: is oriented at an azimuth of 180 degrees, is inclined at 80 degrees and has a design depth of 225 meters. The hole is intersecting the Vizcacha Hydrothermal Breccia, with disseminated and veinlet-hosted sulfides.

Hole MV25-DD03 has been collared: at coordinates of E472,622, and N7,975,811 (Figure 1), at an elevation of 4,735 meters, and with a design depth of 275 meters (Figure 3).  This drill hole targets the Choque Zone at depth, below the area where higher gold grades (red, pink & purple display colors on Figure 3) have been calculated within the 2025 resource model (Wilson, 2025), (Figure 3).  This drill hole will also intersect a modeled hydrothermal breccia body.

The Phase 3 exploration program is being supervised by Roman Flores, a Persona Calificada (Q.P.) with the Commission Minera Chile.

References:

Wilson, S. E., 2025, NI 43-101 Technical Report for the Choquelimpie Au-Ag Project Region 1 Chile, 115p.

Figure 1

Click Image To View Full Size

Figure 2:  DD01 & DD02 Cross Section

Click Image To View Full Size

Notes: 1) The line of section is displayed in Figure 1; 2) West-east section, looking North; 3) Block model grades in grams/tonne Au & 4) Block model display filtered to > 0.20 grams/tonne Au.

Figure 3:  DD03 Cross Section

Click Image To View Full Size

Notes: 1) The line of section is displayed in Figure 1; 2) North-south section, looking east; 3) Block model grades in grams/tonne Au & 4) Block model display filtered to > 0.20 grams/tonne Au.

Qualified Person

David Flint, MSc, AIPG-CPG, and Chief Geologist of Norsemont Mining Inc.; a qualified person as defined in NI 43-101, has reviewed and approved the technical information in this press release.

On Behalf of the Board,

NORSEMONT MINING INC.

Marc Levy

CEO & Chairman

About Norsemont Mining Inc.

The Norsemont team comprises experienced natural resource professionals focused on growing shareholder value and developing its flagship project through to bankable feasibility, with an indicated mineral resource estimate of 1,731,000 gold ounces, and 33,233,000 silver ounces and an inferred mineral resource of 446,000 gold ounces and 7,219,000 silver ounces for its Choquelimpie Gold-Silver-Copper project. Norsemont Mining owns a 100% interest in the Choquelimpie gold-silver-copper project in northern Chile, a past producing gold and silver mine with significant exploration upside. Choquelimpie has over 1,710 drill holes, with significant existing infrastructure, including roads, power, water, camp and a 3,000-tonne-per-day mill. Norsemont is committed to responsible and sustainable resource development, leveraging modern exploration techniques to unlock further value for all stakeholders.

For more information, please contact the Company at: psearle@norsemont.com
Investor Relations: Paul Searle (778) 240-7724

Follow Norsemont Mining:
Twitter: @norsemont
LinkedIn: @norsemontmining
Facebook: @norsemontmining

YouTube: @norsemontmining

Neither the Canadian Securities Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein.  

Forward-Looking Statements

Cautionary Note Regarding Forward-Looking Statements: This release includes certain statements and information that may constitute forward-looking information within the meaning of applicable Canadian securities laws. Forward-looking statements relate to future events or future performance and reflect the expectations or beliefs of management of the Company regarding future events. Generally, forward-looking statements and information can be identified by the use of forward-looking terminology such as “intends” or “anticipates”, or variations of such words and phrases or statements that certain actions, events or results “may”, “could”, “should”, “would” or “occur”. This information and these statements, referred to herein as “forward‐looking statements”, are not historical facts, are made as of the date of this news release and include without limitation, statements regarding discussions of future plans, estimates and forecasts and statements as to management’s expectations and intentions with respect to, among other things, the Offering and entry into the marketing agreements.

These forward‐looking statements involve numerous risks and uncertainties and actual results might differ materially from results suggested in any forward-looking statements. These risks and uncertainties include, among other things, the Company not receiving the necessary regulatory approvals in respect of the Offering and marketing agreements contemplated herein and, with respect to the Offering, risks adverse to the capital markets, the mining industry, and investor support. In making the forward-looking statements in this news release, the Company has applied several material assumptions, including without limitation, that the Company will receive the necessary regulatory approvals and receive market interest to close the Offering on the terms herein.

Although management of the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements or forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements and forward-looking information. Readers are cautioned that reliance on such information may not be appropriate for other purposes. The Company does not undertake to update any forward-looking statement, except as required by applicable securities laws.

Copyright (c) 2025 TheNewswire – All rights reserved.

Vancouver, B.C. – TheNewswire – November 20, 2025 – Norsemont Mining Inc. (CSE: NOM, OTC: NRRSF, FWB: LXZ1) (“Norsemont” or the “Company”) is pleased to announce that the initial diamond drill hole of its Phase 3 exploration drill program at the 100%-owned Choquelimpie high-sulfidation gold-silver-copper project in northern Chile has collared. This hole is targeting higher-grade gold mineralization hosted in the Vizcacha hydrothermal Brecia (figure below).  The Phase 3 program will comprise up to 5,000 meters of diamond drilling (“DDH”) utilizing two (2) diamond drill rigs, with drilling scheduled to continue through late December.

Highlights

• Diamond drill hole MV25-DD01 has collared, targeting higher-grade gold mineralization hosted in the Vizcacha hydrothermal breccia (figure below). 

• The hole is oriented at an azimuth of 275 degrees, inclined at 70 degrees, and has a target depth of 225 meters. 

• MV25-DD01 has been designed to explore the Vizcacha Zone to depth, below the area where grades have been calculated within the April 2025 resource model. 

Management Comments

Norsemont CEO Marc Levy commented:

“We are very excited to collar the 1st hole of the Phase 3 drilling program at Choquelimpie, where our recent work has highlighted significant potential for higher-grade gold zones at depth beneath the current resource and along strike. This potential high impact hole will test previously indicated higher grade mineralization hosted in the Vizcacha hydrothermal breccia. We are also nearing completion of the engineering report on our 3,000 TPD plant and expect to deliver a update on our near-term production strategy this quarter.”

The Phase 3 Drill Program

The Phase 3 drill campaign at Choquelimpie is designed to evaluate down-dip extensions of high-grade gold mineralization hosted within hydrothermal breccia zones. The program will comprise up to 20 holes averaging 250 meters in length.  The priority drill stations for this program are shown on the figure below.

Norsemont, through its wholly owned Chilean subsidiary SCM Vilacollo, has engaged DV Drilling Ltd. of Coquimbo, Chile, to conduct the Phase 3 exploration program. DV Drilling is operating a Longyear LF230 truck-mounted diamond drill rig, on a 24-hour schedule.

Drill core will be assayed at Activation Geological Services SpA (AGS) geochemical laboratory, located at Coquimbo, Chile.  The laboratory has an ISO 17025 certification.

Hole MV25-DD01 has been collared at coordinates of E473,285, N7,975,980 and an elevation of 4,694 meters (blue star on the figure below).  The hole is oriented at an azimuth of 275 degrees, inclined at 70 degrees and has a target depth of 225 meters.

This first hole of the Phase 3 program is expected to intersect the higher-grade Vizcacha hydrothermal breccia.  Historical exploration of the Vizcacha deposit has primarily consisted of multiple shallow rotary drill holes.  MV25-DD01 has been designed to explore Vizcacha to depth.

The Phase 3 exploration program is being supervised by Roman Flores, a Persona Calificada (Q.P.) with the Commission Minera Chile.

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Qualified Person

David Flint, MSc, AIPG-CPG, and Chief Geologist of Norsemont Mining Inc.; a qualified person as defined in NI 43-101, has reviewed and approved the technical information in this press release.

On Behalf of the Board,

NORSEMONT MINING INC.

Marc Levy

CEO & Chairman

About Norsemont Mining Inc.

The Norsemont team comprises experienced natural resource professionals focused on growing shareholder value and developing its flagship project through to bankable feasibility, with an initial mineral resource estimate released in April 2025 for its Choquelimpie Gold-Silver-Copper project. Norsemont Mining owns a 100% interest in the Choquelimpie gold-silver-copper project in northern Chile, a past producing gold and silver mine with significant exploration upside. Choquelimpie has over 143,000 meters drilled in 1,710 drill holes, with significant existing infrastructure, including roads, power, water, camp and a 3,000-tonne-per-day mill. Norsemont is committed to responsible and sustainable resource development, leveraging modern exploration techniques to unlock further value for all stakeholders.

For more information, please contact the Company at: psearle@norsemont.com
Investor Relations: Paul Searle (778) 240-7724

Follow Norsemont Mining:
Twitter: @norsemont
LinkedIn: @norsemontmining
Facebook: @norsemontmining

YouTube: @norsemontmining

Neither the Canadian Securities Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein.  

Forward-Looking Statements

Cautionary Note Regarding Forward-Looking Statements: This release includes certain statements and information that may constitute forward-looking information within the meaning of applicable Canadian securities laws. Forward-looking statements relate to future events or future performance and reflect the expectations or beliefs of management of the Company regarding future events. Generally, forward-looking statements and information can be identified by the use of forward-looking terminology such as “intends” or “anticipates”, or variations of such words and phrases or statements that certain actions, events or results “may”, “could”, “should”, “would” or “occur”. This information and these statements, referred to herein as “forward‐looking statements”, are not historical facts, are made as of the date of this news release and include without limitation, statements regarding discussions of future plans, estimates and forecasts and statements as to management’s expectations and intentions with respect to, among other things, the Offering and entry into the marketing agreements.

These forward‐looking statements involve numerous risks and uncertainties and actual results might differ materially from results suggested in any forward-looking statements. These risks and uncertainties include, among other things, the Company not receiving the necessary regulatory approvals in respect of the Offering and marketing agreements contemplated herein and, with respect to the Offering, risks adverse to the capital markets, the mining industry, and investor support. In making the forward-looking statements in this news release, the Company has applied several material assumptions, including without limitation, that the Company will receive the necessary regulatory approvals and receive market interest to close the Offering on the terms herein.

Although management of the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements or forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements and forward-looking information. Readers are cautioned that reliance on such information may not be appropriate for other purposes. The Company does not undertake to update any forward-looking statement, except as required by applicable securities laws.

Copyright (c) 2025 TheNewswire – All rights reserved.

Vancouver, B.C. – TheNewswire – November 14, 2025 – Norsemont Mining Inc. (CSE: NOM, OTC: NRRSF, FWB: LXZ1) (“Norsemont” or the “Company”) is pleased to announce the commencement of its Phase 3 exploration drill program at the 100%-owned Choquelimpie high-sulfidation gold-silver-copper project in northern Chile. The program will comprise up to 5,000 meters of diamond drilling (“DDH”) utilizing two (2) diamond drill rigs, with drilling scheduled to begin immediately and continue through late December.

Highlights

• The first diamond drill rig is currently on site, with the second rig expected to arrive next week. 

• The Phase 3 program includes up to 20 diamond drill holes, totaling approximately 5,000 meters 

• Drilling will test extensions of higher-grade hydrothermal breccia bodies at depth, below the current mineral resource envelope. 

Management Comments

Norsemont CEO Marc Levy commented:

“We are very excited to launch Phase 3 drilling at Choquelimpie, where our recent work has highlighted significant potential for higher-grade gold zones at depth beneath the current resource and along strike. This high impact program will be testing higher grade mineralization at depth in several zones such as Choque, Vizcacha and Suri. The program marks an important step forward as we continue to define the scale and continuity of mineralization across the project. With two rigs on site, we expect steady progress and consistent news flow over the coming months.”

The Phase 3 Drill Program

The Phase 3 drill campaign at Choquelimpie is designed to evaluate down-dip extensions of high-grade gold mineralization hosted within hydrothermal breccia zones. The program will comprise up to 20 holes averaging 250 meters in length.

Norsemont, through its wholly owned Chilean subsidiary SCM Vilacollo, has engaged DV Drilling Ltd. of Coquimbo, Chile, to conduct the program. DV Drilling will mobilize two (2) Longyear LF230 track-mounted diamond drill rigs, which will operate on a 24-hour schedule throughout the campaign.

Historical production at Choquelimpie during the period of 1988 to 1996 focused primarily on oxidized near-surface mineralization between 20 and 100 m depth, depending in the type of rock, alteration and mineralogy. Consequently, much of the exploration at the Project focused on this near surface oxide resource without testing the deeper, potentially larger, sulphide resource.  The Phase 3 drill program aims to systematically assess this deeper resource potential by targeting the geometry of the higher-grade breccia bodies.

Qualified Person

David Flint, MSc, AIPG-CPG, and Chief Geologist of Norsemont Mining Inc.; a qualified person as defined in NI 43-101, has reviewed and approved the technical information in this press release.

On Behalf of the Board,

NORSEMONT MINING INC.

Marc Levy

CEO & Chairman

About Norsemont Mining Inc.

The Norsemont team comprises experienced natural resource professionals focused on growing shareholder value and developing its flagship project through to bankable feasibility, with an initial mineral resource estimate released in April 2025 for its Choquelimpie Gold-Silver-Copper project. Norsemont Mining owns a 100% interest in the Choquelimpie gold-silver-copper project in northern Chile, a past producing gold and silver mine with significant exploration upside. Choquelimpie has over 1,710 drill holes, with significant existing infrastructure, including roads, power, water, camp and a 3,000-tonne-per-day mill. Norsemont is committed to responsible and sustainable resource development, leveraging modern exploration techniques to unlock further value for all stakeholders.

For more information, please contact the Company at: psearle@norsemont.com
Investor Relations: Paul Searle (778) 240-7724

Follow Norsemont Mining:
Twitter: @norsemont
LinkedIn: @norsemontmining
Facebook: @norsemontmining

Neither the Canadian Securities Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein.  

Forward-Looking Statements

Cautionary Note Regarding Forward-Looking Statements: This release includes certain statements and information that may constitute forward-looking information within the meaning of applicable Canadian securities laws. Forward-looking statements relate to future events or future performance and reflect the expectations or beliefs of management of the Company regarding future events. Generally, forward-looking statements and information can be identified by the use of forward-looking terminology such as “intends” or “anticipates”, or variations of such words and phrases or statements that certain actions, events or results “may”, “could”, “should”, “would” or “occur”. This information and these statements, referred to herein as “forward‐looking statements”, are not historical facts, are made as of the date of this news release and include without limitation, statements regarding discussions of future plans, estimates and forecasts and statements as to management’s expectations and intentions with respect to, among other things, the Offering and entry into the marketing agreements.

These forward‐looking statements involve numerous risks and uncertainties and actual results might differ materially from results suggested in any forward-looking statements. These risks and uncertainties include, among other things, the Company not receiving the necessary regulatory approvals in respect of the Offering and marketing agreements contemplated herein and, with respect to the Offering, risks adverse to the capital markets, the mining industry, and investor support. In making the forward-looking statements in this news release, the Company has applied several material assumptions, including without limitation, that the Company will receive the necessary regulatory approvals and receive market interest to close the Offering on the terms herein.

Although management of the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements or forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements and forward-looking information. Readers are cautioned that reliance on such information may not be appropriate for other purposes. The Company does not undertake to update any forward-looking statement, except as required by applicable securities laws.

Copyright (c) 2025 TheNewswire – All rights reserved.

Vancouver, B.C. – TheNewswire – October 21, 2025 – Norsemont Mining Inc. (CSE: NOM, OTC: NRRSF, FWB: LXZ1) (“Norsemont” or the “Company”) is pleased to provide a corporate update highlighting recent milestones and upcoming initiatives at its 100%-owned Choquelimpie project in northern Chile having recently raised $6 million from strategic investors.

The Choquelimpie project is a past-producing gold-silver mine with historical heap leach production. On April 14, 2025, the Company published its initial mineral resource estimate of 2,184,000 indicated gold-equivalent ounces and 557,000 inferred gold equivalent ounces in oxide stockpiles and deeper sulfides. The project benefits from extensive infrastructure including power, water, road access, camp facilities, and a 3,000 tonne-per-day mill positioning it for rapid advancement toward production and cash flow.

Development Strategy

Norsemont has a two-pronged development plan.

1. Process stockpiles to drive initial positive cash flow. 

2. Systematically drill and expand the oxide and sulfide resources, while testing the copper porphyry potential deeper in the system. 

Current Work Programs

To accomplish these objectives the Company is doing the following:

Oxide processing:

• Develop a geological model for stockpiles and in-situ oxides – In progress 

• Define metallurgical characteristics of the above – In progress 

• Assess state of existing plant and refurbish as necessary – In progress 

• Evaluate structural controls on oxide mineralization through drilling – up coming 

Sulphide resource:

• Drill deeper high-grade targets, utilizing historical data to increase the sulphide resource – up coming 

Copper porphyry:

• Further assess the identified copper and gold porphyry systems situated below the sulphide gold mineralization – up coming 

Key Achievements to Date

• Raised $6 million to fund drilling and metallurgical programs from strategic investors. 

• Expanded technical and management team with key appointments: 

  • David Flint – Chief Geologist: Over 35 years of experience, including as VP Exploration at Allied Nevada Gold, where he contributed to the Hycroft Mine’s reserve expansion (10M oz Au, 450M oz Ag). He also played a key role in the discovery and development of the Grasberg Deposit during his 20 years at Freeport-McMoRan. 

  • Roman Flores – Lead Geologist, Chile: A Qualified Person with over 50 years of experience in Cu-Au-Ag-Fe exploration, including senior roles at Codelco, Bema Gold, Barrick Gold and other major firms. 

  • Susan Liddle – appointment as General Manager CFO, Norsemont Chilean subsidiary, Sociedad Contractual Minera Vilacollo (SCMV). She previously held roles of CFO, Risk and Research Manager and Head of Corporate Management at various national and international banks and investment companies.  Working with the Company she has built strong relationships with the regulators, local community and stakeholders over the past three years. 

Technical and Regulatory Progress

• Metallurgical Testing: Norsemont has engaged AGS Cotecna (www.agslab.cl) to conduct metallurgical assessments and support testing strategies. AGS Cotecna serves clients including Antofagasta Minerals, Enami, Teck CDA, Gold Fields Salares, and others, and was recently awarded the laboratory contract for Minera Fénix (Rio2). 

• Permitting and Environmental Advisory: DAES Consultores (www.daesconsultores.cl) has been retained to manage drilling approvals for 2025 and beyond, and to guide the regulatory pathway for future production operations. 

• Plant Assessment: Process Minerals Consulting (PMC) (www.processminerals.cl) and Akron Ingeniería (www.akron.cl ) completed a site visit from September 30–October 5 to evaluate the processing plant and infrastructure. 

Near-Term Objectives (Next 6 Months)

• Commence 2025 Phase 3 drill program 

  • Norsemont’s geological team refined and prioritized drill targets under the supervision of David Flint and Roman Flores. Quotations from drilling and analytical contractors have been received, and preparations are underway to initiate the 2025 drilling program. 

• Test metallurgical samples, from stockpiles, previous drilling and announce results 

• Report on processing plant condition 

• Publish 2025 drill program results 

• Expand the Norsemont team both technically and corporately 

Team at lunch

Engineer inspecting plant

Qualified Person

David Flint, MSc, AIPG-CPG, a qualified person as defined in NI 43-101, has reviewed and approved the technical information in this press release.

CEO Statement

Marc Levy, CEO of Norsemont, commented:

“We are excited to launch our 2025 drill and metallurgical programs as we advance Choquelimpie toward its next stage of development. Looking ahead to 2026, our focus will shift to engineering and feasibility work, supported by continued team expansion. With Mijael Thiele’s technical leadership and our strong geological foundation, Norsemont is building a world-class team to advance this significant gold-silver-copper project both with resource expansion and towards near-term production.”

On Behalf of the Board,

NORSEMONT MINING INC.

Marc Levy

CEO & Chairman

About Norsemont Mining Inc.

The Norsemont team comprises experienced natural resource professionals focused on growing shareholder value and developing its flagship project through to bankable feasibility, with an initial mineral resource estimate of 2,184,000 indicated gold equivalent ounces and 557,000 inferred gold equivalent ounces for its Choquelimpie Gold-Silver-Copper project. Norsemont Mining owns a 100% interest in the Choquelimpie gold-silver-copper project in northern Chile, a past producing gold and silver mine with significant exploration upside. Choquelimpie has over 1,700 drill holes, with significant existing infrastructure, including roads, power, water, camp and a 3,000-tonne-per-day mill. Norsemont is committed to responsible and sustainable resource development, leveraging modern exploration techniques to unlock further value for all stakeholders.

For more information, please contact the Company at: psearle@norsemont.com
Investor Relations: Paul Searle (778) 240-7724

Follow Norsemont Mining:
Twitter: @norsemont
LinkedIn: @norsemontmining
Facebook: @norsemontmining

Neither the Canadian Securities Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein.  

Forward-Looking Statements

Cautionary Note Regarding Forward-Looking Statements: This release includes certain statements and information that may constitute forward-looking information within the meaning of applicable Canadian securities laws. Forward-looking statements relate to future events or future performance and reflect the expectations or beliefs of management of the Company regarding future events. Generally, forward-looking statements and information can be identified by the use of forward-looking terminology such as “intends” or “anticipates”, or variations of such words and phrases or statements that certain actions, events or results “may”, “could”, “should”, “would” or “occur”. This information and these statements, referred to herein as “forward‐looking statements”, are not historical facts, are made as of the date of this news release and include without limitation, statements regarding discussions of future plans, estimates and forecasts and statements as to management’s expectations and intentions with respect to, among other things, the Offering and entry into the marketing agreements.

These forward‐looking statements involve numerous risks and uncertainties and actual results might differ materially from results suggested in any forward-looking statements. These risks and uncertainties include, among other things, the Company not receiving the necessary regulatory approvals in respect of the Offering and marketing agreements contemplated herein and, with respect to the Offering, risks adverse to the capital markets, the mining industry, and investor support. In making the forward-looking statements in this news release, the Company has applied several material assumptions, including without limitation, that the Company will receive the necessary regulatory approvals and receive market interest to close the Offering on the terms herein.

Although management of the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements or forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements and forward-looking information. Readers are cautioned that reliance on such information may not be appropriate for other purposes. The Company does not undertake to update any forward-looking statement, except as required by applicable securities laws.

Copyright (c) 2025 TheNewswire – All rights reserved.

Vancouver, British Columbia – TheNewswire – October 7th, 2025 – Norsemont Mining Inc. (CSE: NOM, OTC: NRRSF, FWB: LXZ1) (“NOM” or the “Company”) is pleased to announce that it will be presenting at the Centurion One Capital 3rd Annual Bahamas Summit, a two-day invitation only event taking place at the exclusive Rosewood Baha Mar Hotel from Tuesday, October 28th to Wednesday, October 29th, 2025, in Nassau, Bahamas.

Marc Levy, CEO will be presenting and attending investor meetings. Mr. Levy will also be participating on a panel discussion during the event. “We are looking forward to presenting Norsemont to Centurion One Capital’s group of high-net-worth individuals, family offices, and institutional investors at this summit. Following our recent $6 million financing with strategic investors and industry icons including Rob McEwen, Paul Matysek, Dr. Quinton Hennigh, Larry Lepard and others to advance the Choquelimpie Project, this event is a timely opportunity to showcase our progress. Having attended a previous summit, I was impressed by the caliber of both the companies presenting and the investors, and we are excited to share the Choquelimpie story with such a distinguished audience.,” said Marc Levy, CEO of Norsemont.

Centurion One Capital 3rd Annual Bahamas Summit is a two-day invitation only event that brings together the world’s leading small cap growth companies to an audience of global growth investors held at the Rosewood Baha Mar Hotel which epitomizes Bahamian refinement and sophistication. Set on the gorgeous white sand of Nassau’s Cable Beach, the event will consist of a series of company presentations, 1×1 investor meetings, dynamic panels and networking over two days.

Summit Details

Format: Presentations, Panel Discussions and 1 X 1 Investor Meetings

Presentation Dates: Tuesday, October 28th and Wednesday, October 29th, 2025

Time: 9:00 AM EDT – 5:00 PM EDT       

Venue: Rosewood Baha Mar Hotel

For more information and registration details, please visit: www.centuriononecapital.com/bahamas-summit.

On Behalf of the Board,

NORSEMONT MINING INC.

Marc Levy

CEO & Chairman

About Norsemont Mining Inc.

The Norsemont team comprises experienced natural resource professionals focused on growing shareholder value and developing its flagship project through to bankable feasibility, with an initial mineral resource estimate of 2,184,000 indicated gold equivalent ounces and 557,000 inferred gold equivalent ounces for its Choquelimpie Gold-Silver-Copper project. Norsemont Mining owns a 100% interest in the Choquelimpie gold-silver-copper project in northern Chile, a previously permitted gold and silver mine with significant exploration upside. Choquelimpie has over 1,700 drill holes, with significant existing infrastructure, including roads, power, water, camp and a 3,000-tonne-per-day mill. Norsemont is committed to responsible and sustainable resource development, leveraging modern exploration techniques to unlock further value for all stakeholders.

For more information, please contact the Company at:
Investor Relations:

Paul Searle (778) 240-7724

Follow Norsemont Mining:
Twitter: @norsemont
LinkedIn: @norsemontmining
Facebook: @norsemontmining

Neither the Canadian Securities Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein.  

Forward-Looking Statements

Cautionary Note Regarding Forward-Looking Statements: This release includes certain statements and information that may constitute forward-looking information within the meaning of applicable Canadian securities laws. Forward-looking statements relate to future events or future performance and reflect the expectations or beliefs of management of the Company regarding future events. Generally, forward-looking statements and information can be identified by the use of forward-looking terminology such as “intends” or “anticipates”, or variations of such words and phrases or statements that certain actions, events or results “may”, “could”, “should”, “would” or “occur”. This information and these statements, referred to herein as “forward‐looking statements”, are not historical facts, are made as of the date of this news release and include without limitation, statements regarding discussions of future plans, estimates and forecasts and statements as to management’s expectations and intentions with respect to, among other things, the Offering and entry into the marketing agreements.

These forward‐looking statements involve numerous risks and uncertainties and actual results might differ materially from results suggested in any forward-looking statements. These risks and uncertainties include, among other things, the Company not receiving the necessary regulatory approvals in respect of the Offering and marketing agreements contemplated herein and, with respect to the Offering, risks adverse to the capital markets, the mining industry, and investor support. In making the forward-looking statements in this news release, the Company has applied several material assumptions, including without limitation, that the Company will receive the necessary regulatory approvals and receive market interest to close the Offering on the terms herein.

Although management of the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements or forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements and forward-looking information. Readers are cautioned that reliance on such information may not be appropriate for other purposes. The Company does not undertake to update any forward-looking statement, except as required by applicable securities laws.

Copyright (c) 2025 TheNewswire – All rights reserved.

Vancouver, British Columbia – TheNewswire – October 2, 2025 – Norsemont Mining Inc. (CSE: NOM, OTC: NRRSF, FWB: LXZ1) (“NOM” or the “Company”) is pleased to announce that, further to its September 26, 2025 news release, it has closed a non-brokered private placement of 3,500,000 share purchase warrants (each, a “Warrant”) of the Company at an issue price of CAD $0.10 per Warrant for gross proceeds of CAD $350,000 (the “Offering”).  Each Warrant has an exercise price of CAD $0.59 per Warrant (which, upon exercise, will result in a total cost of CAD $0.69 per common share).  If all Warrants issued in the Offering are duly exercised by holders, it will result in an additional $2,065,000 in proceeds being raised by the Company.

Each Warrant entitles the holder to purchase one common share in the capital of the Company (each, a “Share”) at a price of CAD $0.59 per Share for a period of five years from the closing of the Offering, provided that if the Shares have a closing price on the Canadian Securities Exchange (the “CSE”) (or such other securities exchange on which the Shares may be traded at such time) of CAD $1.00 or greater per Share for a period of 10 consecutive trading days at any time after four months and one day from the Closing, then the Company may accelerate the expiry of any outstanding Warrants by giving notice to the holders thereof (by disseminating a news release advising of the acceleration of the expiry date of the Warrants) and, in such case, the Warrants will expire on the tenth (10th) business day after the date of such notice.

The proceeds of the Offering are anticipated to be used for general working capital purposes and mineral exploration of the Choquelimpie Gold-Silver-Copper project.

More information regarding the Offering is available in the Company’s Form 9 posted under the Company’s profile on the CSE website. All Warrants, and any Shares issued on the due exercise of the Warrants, are subject to a restricted period of four months and one day from closing of the Offering.

This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States. The securities offered have not been and will not be registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”) or any state securities laws and may not be offered or sold within the United States or to, or for the account or benefit of, U.S. persons unless registered under the U.S. Securities Act and applicable state securities laws, unless an exemption from such registration is available.

On Behalf of the Board,

NORSEMONT MINING INC.

Marc Levy

CEO & Chairman

About Norsemont Mining Inc.

The Norsemont team comprises experienced natural resource professionals focused on growing shareholder value and developing its flagship project through to bankable feasibility, with an initial mineral resource estimate of 2,184,000 indicated gold equivalent ounces and 557,000 inferred gold equivalent ounces for its Choquelimpie Gold-Silver-Copper project. Norsemont Mining owns a 100% interest in the Choquelimpie gold-silver-copper project in northern Chile, a previously permitted gold and silver mine with significant exploration upside. Choquelimpie has over 1,700 drill holes, with significant existing infrastructure, including roads, power, water, camp and a 3,000-tonne-per-day mill. Norsemont is committed to responsible and sustainable resource development, leveraging modern exploration techniques to unlock further value for all stakeholders.

For more information, please contact the Company at:
Investor Relations:

Paul Searle (778) 240-7724

Follow Norsemont Mining:
Twitter: @norsemont
LinkedIn: @norsemontmining
Facebook: @norsemontmining

Neither the Canadian Securities Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein.  

Forward-Looking Statements

Cautionary Note Regarding Forward-Looking Statements: This release includes certain statements and information that may constitute forward-looking information within the meaning of applicable Canadian securities laws. Forward-looking statements relate to future events or future performance and reflect the expectations or beliefs of management of the Company regarding future events. Generally, forward-looking statements and information can be identified by the use of forward-looking terminology such as “intends” or “anticipates”, or variations of such words and phrases or statements that certain actions, events or results “may”, “could”, “should”, “would” or “occur”. This information and these statements, referred to herein as “forward‐looking statements”, are not historical facts, are made as of the date of this news release and include without limitation, statements regarding discussions of future plans, estimates and forecasts and statements as to management’s expectations and intentions with respect to, among other things, the Offering and entry into the marketing agreements.

These forward‐looking statements involve numerous risks and uncertainties, and actual results might differ materially from results suggested in any forward-looking statements. These risks and uncertainties include, among other things, the Company not receiving the necessary regulatory approvals in respect of the Offering and marketing agreements contemplated herein and, with respect to the Offering, risks adverse to the capital markets, the mining industry, and investor support. In making the forward-looking statements in this news release, the Company has applied several material assumptions, including without limitation, that the Company will receive the necessary regulatory approvals and receive market interest to close the Offering on the terms herein.

Although management of the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements or forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements and forward-looking information. Readers are cautioned that reliance on such information may not be appropriate for other purposes. The Company does not undertake to update any forward-looking statement, except as required by applicable securities laws.

Copyright (c) 2025 TheNewswire – All rights reserved.