Mr. Marc Levy reports

NORSEMONT ANNOUNCES TRANSITION FROM OTC PINK TO OTCID (TM) BASIC MARKET

Norsemont Mining Inc.'s transition from the OTC Pink Market to the OTCID Market operated by OTC Markets Group Inc. was effective July 2.

The OTCID Market is intended for companies committed to maintaining enhanced disclosure practices, including current financial reporting, management certifications and verified company profile updates. This elevated level of transparency strengthens investor confidence and broadens access to institutional and retail investors who require strong corporate disclosure standards.

Norsemont believes this transition reinforces its continuing commitment to transparency and sound corporate governance. It also represents a strategic step in the company's broader capital markets plan to enhance investor visibility and position itself for eventual uplisting to the OTCQB Venture Market.

"We are pleased to join the new OTCID market, which we see as a meaningful step forward in our public company journey and exposure in the U.S. market," said Marc Levy, chief executive officer. "We believe this step will expand our growing investor base, support long-term shareholder value and lay the foundation for our planned advancement to the OTCQB tier."

The company remains current in its financial reporting and intends to take the additional steps necessary to qualify for the OTCQB Market in the near future.

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 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.

We seek Safe Harbor.