Mr. Allan Larmour reports
NORSEMONT TO FILE UPDATED TECHNICAL REPORT ON THE BURGE LAKE GOLD PROPERTY, QUEBEC
As a result of a review by the B.C. Securities Commission, Norsemont Mining Inc. is issuing the following news release to clarify its disclosure. The company is in the process of updating and refiling a technical report entitled, "Technical Report On the Lac Burge Property Miquelo, Quebec, Canada" (the voluntary report) on the Lac Burge project, in which the company holds an option to acquire a 100-per-cent interest pursuant to an option agreement dated May 4, 2020.
The company intends to revise the report, filed on May 6, 2020, with, among other revisions, information related to an updated site visit by the author of the report. The refiling of the report is subject to the reopening of the James Bay district of Quebec, which is currently closed pursuant to a local health order relating to the COVID-19 pandemic. As a result, the company expects the filing of the revised report to be delayed until shortly after the health order is lifted and the author of the report can safely access the project to complete the site visit and update the report. The revisions are being completed to satisfy various deficiencies noted by the B.C. Securities Commission. As such, investors are cautioned not to rely upon the previously filed voluntary report, which does not comply with the requirements of National Instrument 43-101.
We seek Safe Harbor.
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