Mr. Marc Levy reports

NORSEMONT PROVIDES CORPORATE UPDATE AND INFORMATION ON UPCOMING 43-101 RESOURCE REPORT

Norsemont Mining Inc. is providing a corporate update highlighting upcoming key milestones.

The company is pleased to announce a corporate update on the Choquelimpie project in Chile and site visit by Resource Development Associates Inc.

Corporate update

• Successfully raised $4-million from several strategic investors;

• Cleared the significant majority of debts within the company's capital structure;

• Strengthened the team with the addition of a high-profile mining engineer, Mijael Thiele, based in Santiago, Chile, as a director and technical adviser. Further team expansions in the technical and capital markets areas are anticipated this year, as the company advances the project;

• Successful site visit by Resource Development Associates Inc. positioning Norsemont to deliver an initial 43-101 resource estimate in the first quarter of 2025;

• Selection of a metallurgical consulting firm to summarize existing metallurgical results and provide guidance for future work.

Marc Levy, chief executive officer of Norsemont, commented: "We are thrilled to enter 2025 with a focus on strengthening our team, progressing key engineering aspects of the project, initiating our inaugural compliant 43-101 resource report and advancing metallurgical studies. Mijael's extensive experience and engineering expertise will be invaluable as we move toward feasibility and drive the development of our gold-silver-copper asset. We remain committed to building a world-class team with deep expertise in engineering, capital markets and large-scale project management"

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. 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.

We seek Safe Harbor.