Mr. Allan Larmour reports

NORSEMONT MINING INC. GRANTS INCENTIVE STOCK OPTIONS

Norsemont Mining Inc. has granted an aggregate amount of 735,000 incentive stock options, pursuant to its rolling stock option plan, which was approved at the company's annual general meeting held on June 4, 2019, to certain directors, officers, employees and consultants of the company.

Of the 735,000 incentive stock options granted, an aggregate of 200,000 of the options have been granted to insiders of the company.

The options are exercisable at $1.09 per common share for a period of five years, expiring on June 8, 2025.

The grant of options is subject to acceptance by the Canadian Securities Exchange.