Mr. Marc Levy reports

NORSEMONT ISSUES STOCK OPTIONS AND RESTRICTED SHARE UNITS

Pursuant to its stock option plan, Norsemont Mining Inc. has granted incentive stock options and restricted share units to directors, officers, employees and consultants of the company. A total of 200,000 RSUs were awarded and stock options were granted to purchase 650,000 common shares exercisable at a price of 12 cents per share for a period of five years. Both the options and the RSUs vest immediately. The company has also cancelled 1.59 million stock options.

About Norsemont Mining Inc.

Norsemont comprises experienced natural resource professionals focused on growing shareholder value and developing its flagship project through bankable feasibility. Norsemont Mining owns a 100-per-cent interest in the Choquelimpie gold-silver-copper project in northern Chile, a previously permitted gold and silver mine. Choquelimpie has over 1,710 drill holes, with significant existing infrastructure, including roads, power, water, camp and a 3,000-tonne-per-day mill.