Norsemont Mining Closes First Tranche of Non-Brokered Private Placement

Vancouver, British Columbia — August 8, 2025 — Leads & Copy — Norsemont Mining Inc. (CSE: NOM, OTCQB: NRRSF, FWB: LXZ1) announced it has closed the first tranche of a non-brokered private placement, consisting of 4,826,165 units at CAD $0.60 (USD $0.44) per unit, for gross proceeds of CAD $2,895,699.

Each unit includes one common share and one-half of one warrant. Each warrant allows the holder to acquire one common share at CAD $0.75 (USD $0.55) for two years from the closing date. If the company’s shares close at or above CAD $1.25 (USD $0.92) for 10 consecutive trading days after four months and one day from the offering's closing, the company can accelerate the warrants' expiry by issuing a news release. In this case, the warrants will expire on the tenth business day after the notice date.

Proceeds from the offering will fund phase 3 drill programs, including deep 600m holes into the copper porphyry zone, 300m drill holes into high-grade gold zones, and shallow holes into the oxide/leachable gold zone, as well as metallurgy and general working capital to advance the Choquelimpie Gold-Silver-Copper project in Northern Chile.

The offering is subject to CSE policies.

Marc Levy, CEO of Norsemont, expressed gratitude for shareholder support and welcomed new strategic investors from North America, Europe, and South America, including Dr. Quinton Hennigh. He noted that their commitment supports the company’s vision and provides resources to advance the Choquelimpie project through upcoming drilling and technical programs.

Investor Relations: Paul Searle (778) 240-7724

Source: Norsemont Mining Inc.