Norsemont Mining Inc.

Ich möchte hier mal wieder ein Unternehmen vorstellen.
Leider ist das mit diesem Editor gar nicht so einfach!
Wer Interesse hat ,kann von mir auch ein ordentlich formatiertes PDF
Dokument bekommen, mit einigen zusätzlichen Grafiken.
Diese konnte ich hier leider nicht abbilden...

Mein Fazit:
Ich stimme ja nur ungern den Bullvestoren zu aber dieser Wert gefällt mir auch sehr gut .
Norsemont ist ein Junior Explorer der in Peru tätig ist.

Im dortigen Constancia Projekt wird vorrangig nach Kupfer gesucht. Aber auch Silber und Gold
ist vorhanden.
Das Unternehmen hat 2005 schon einige äußerst viel versprechende Bohrergebnisse geliefert!
Die vermuteten/geschätzten  Kupfervorräte liegen bei ca. 8.8 Milliarden lbs. of Cu!
Diese vermuteten Ressourcen gilt es jetzt in 2006 nun nachzuweisen.
Eine Scoping Studie wird mit einer ersten Ressourcenschätzung soll im 2/3 Quartal fertig sein!
Nach all den bisherigen positiven Bohrergebnissen, halte ich die Wahrscheinlichkeit
für äußerst hoch, das diese erste Ressourcenschätzung auch sehr gut ausfallen wird!
Was mir weiterhin sehr gut an Norsemont gefällt, ist das sie sich auf ein oder zwei Projekte konzentrieren und diese kontinuierlich weiter entwickeln.Bis jetzt haben sie Ihre Ankündigungen immer eingehalten.

Auf mich macht das Unternehmen einen seriösen Eindruck.
Ich konnte jedenfalls kaum was negatives finden! Aber ich kann mich natürlich auch irren.
Die Homepage ist auch sehr informativ  und es werden eine Menge Infos bereitgestellt.
Ein weiterer Pluspunkt.

Im Januar wurde eine 14 Mio $ Finanzierung durch einen privaten Investor abgeschlossen.
Dadurch dürften mittelfristig keine Liquiditätsprobleme auftauchen.  
Die Bewertung von ca. 80 Mio C$ ist auch noch im Rahmen.
Da gibt es einige Unternehmen mit weitaus weniger Potenzial, die viel höher bewertet sind.

Mein Fazit lautet kaufen! Für mich ein klarer Kauf...

Unternehmen: Norsemont Mining Inc.


Überblick:                                                                                    

Kategorie:                               Explorer
Aktienkurs:                             3.35 C$ (1.3.06)        
Heimatbörse:                          TSXV 
Kürzel:                                   NOM
WKN:                                  A0DQKK
52-Wochen-Hoch/Tief:         0.70 / 6.65 C$
Aktienanzahl in Mio.             24,4
Marktkap. (Mio. CAD):      ca.81,74
Cash:                                  13,5 Mio $
Abbauland:                          Peru
Rohstoffart:                          Kupfer, Molybdenum, Gold, Silber
Internetadresse:                    http://www.norsemont.com/investors.php


Management Team

Marc Levy, President & CEO, Director
Mr. Levy has over 15 years of management and leadership experience in business. His dynamic personality, excellent communication skills and vision have contributed to his strong track record of success. He has held numerous management and senior management positions with both private and public companies. Most recently he was Director of Sales for IP Applications Corp. where he was responsible for increasing sales by over 500% and securing many of their largest contracts. Previously, he was Director of Sales at Look Communications (previously ID Internet Direct), where he oversaw the various sales channels. Joining Look when it had a market capitalization of approximately $20-million, he helped grow the company to a $1.5-billion market capitalization. As well, Mr. Levy has served as VP of Sales and Marketing for GAON Technologies BC and previously served as General Manager of a retail chain of computer stores.

Tony Ricci, (CA), CFO
Mr. Ricci is a chartered accountant with over 18 years of practice experience, mainly with public companies listed on Canadian and U.S. stock exchanges. His expertise involves auditing and corporate structure advice, including the structuring of subsidiaries in <?xml:namespace prefix = st1 ns = "urn:schemas-microsoft-com:office:smarttags" />Latin America. Mr. Ricci currently is the principal of Pacifica-Tech Capital and has his own accounting practice, primarily servicing public companies. Previously, he had worked as a manager with Amec Inc. (formerly H.A. Simons Ltd.) and KPMG as a senior accountant. He has also acted as a director of TSX Venture Exchange listed companies. The addition of Mr. Ricci to the team will provide Norsemont with extensive experience in the areas of Corporate Finance, acquisitions, financial reporting, corporate governance and accounting.

Art C. Freeze (P.Geo), Director
Mr. Freeze has over 35 years of experience as an exploration and production geologist. Mr. Freeze has extensive experience in mining development programs and evaluating projects for both major and junior resource companies. He has held consulting, supervising and managing positions with major and junior mining companies including; Cominco Ltd., Pasminco Exploration, Echo Bay Mines and the Pan American Silver Corporation. Geographically, he has extensive experience in Chile, Peru, Bolivia, Argentina, Mexico, the former Soviet Republics, the USA and Canada. Currently, he is the President of Stillwater Enterprises and most notably the primary Consulting Geologist for GoldCorp Inc.

Projects:

Constancia Project, Cuzco Peru (51%, max 70%;min 34%)

Kurzbeschreibung

• 70% option from Rio Tinto
• 5146 Ha property
• 6 billion lbs geological potential(geschätzt, noch nichts nachgewiesen) for copper,
   significant credits of molybdenum and gold

•Large Copper-Gold-Moly Porphyry/Skarn

•Un-audited resource estimate of 608 million tonnes grading 0.48% Cu, 0.05g/t Au,
               0.014% Mo, 3.4g/t Ag (0.3% Cu Cut-off)*

•Including 189 million tonnes 0.68% Cu, 0.05g/t Au, 0.021% Mo, 3.4 g/t Ag (0.5% Cut-off)

•Higher-grade Chalcocite Enrichment, and skarn zones•Excellent Access (Roads, Rail)

•Property-wide exploration targets Constancia

•Sparse vegetation, moderate relief

•Multiple access roads

•40 km from railway

•Year-round flowing streams nearby Project

The project is an enormous multi-billion pound copper target (along with credits of gold, silver and molybdenum) located 600 km southeast of Lima, Peru. Rio Tinto had joint ventured with Mistui to explore the property, but had judged the estimates to fall short of their objectives and were giving it a pass. Our geologists thought differently.

Rio Tinto worked on the Constancia Copper-Gold-Moly Project in 2004 under a Joint Venture with Mitsui. Previous drilling by Mitsui and Minera Livitaca/Minera Katanga included 48 drill holes (approximately 5,430-metres). Rio Tinto has completed 24 drill holes (7,843.9 metres), IP, ground magnetics, limited metallurgical test work and detailed geological mapping over the area. The recent drilling has broadly defined a large copper porphyry system with a shallow chalcocite enrichment zone, hypogene chalcopyrite and copper skarn mineralization. Best drill results include 168m @ 1.14% Cu, 0.11g/t Au, 8g/t Ag, 138ppm Mo, mostly as chalcocite enrichment. An aggressive exploration program is currently underway.

Entwicklungsstatus

•Local small scale copper-skarn mining from 1800’s to 1992

•1980’s: Mitsui -48 ddh

•1995: Mitsui –widespread Cu enrichment discovered

•2003: Consolidation of land by Rio Tinto (RTZ)

•2004: RTZ –24 ddh (7,844m)•2005: NOM options RTZ’s interestProject

•Disseminated Porphyry and skarn styles

•Hypogene ‘A-veinlet’cpy-py-mbd to 480m

•Py/cpy 1:1 to 2:1

•Massive sulphide skarn py-sph-gal-cpy-mbd•Supergene chalcocite to 260m, partial to 316m

•Leach cap to 100mGeology

2005 Norsemont Drilling Highlights Projects Constancia

Hole-id          Int.(m)            Cu(%)                        Au(g/t)           Ag(g/t)           Mo(%)            CuEQ           
C0-05-02       16.55              2.07                0.184              2.5                  0.010              2.26               
C0-05-05       110                 0.87                0.036              4.2                  0.011              1.00               
C0-05-06       58                   1.44                0.161              5.2                  0.008              1.73
C0-05-07       30                   1.08                0.085              3.8                  0.033              1.36
C0-05-10       166                 0.59                0.086              3.9                  0.011              0.74
C0-05-11       196                 0.88                0.072              6.8                  0.019              1.10
C0-05-13       164                 0.94                0.15                4.8                  0.009              1.13
C0-05-14       301                 0.77                0.056              4.5                  0.002              0.86
incl.                 62.6                1.26                0.038              4.5                  0.005              1.36
CO-05-16      118                 0.81               0.041              5.73                0.19                1.00

CO-05-18      118                 0.83                0.137              4.48                0.008              1.00

C0-05-20       50                   0.94                0.025              4.10                0.020              1.11
C0-05-21       40                   0.87                0.035              5.01                0.014              1.02

C0-05-25       58                   0.83                0.040              4.08                0.005              0.92

C0-05-27       118                 0.74                0.059              4.97                0.041              1.07

C0-05-28       22                   2.02                0.198              17.18              0.031              2.49

C0-05-29       58                   0.88                0.052              4.23                0.011              1.02

And                 120                 0.66                0.052              3.54                0.021              0.85

C0-05-32       166                 0.83                0.010              4.99                0.014              0.97

incl.                 8                     2.32                0.009              5.90                0.002              2.39

CO-05-34      62                   1.45                0.160              8.24                0.009              1.68

CO-05-35      181                 0,58                0,068              3.48                0.038              0.88

Projektanteile

The Company can acquire up to 70% of the Constancia Property, subject to approval of the TSX Ventureexchange. This includes an initial option to acquire an undivided 51% interest in the Constancia project bymaking property payments of U.S. $5,000,000, completing work expenditures of U.S. $7,800,000 andissuing 1,250,000 common shares of the Company (or cash in lieu of shares) over a period of nearly fiveyears, ending October 31, 2009. Upon exercise of the initial option, Rio Tinto has the right to claw back anundivided 17% interest, provided global reserve estimates contained in the property are not less than four

million tonnes of copper or better (i.e. 8.8 billion lbs. of Cu). If Rio Tinto does not exercise its claw back,the Company may acquire an additional 9% interest for U.S. $3,750,000 or an additional 19% interest forU.S. $8,000,000. An initial option payment of $ 100,000 USD has been paid to Rio Tinto on March 23,2005. A finder's fee was paid in connection with this transaction. On March 14, 2005 Tessa Consultants were contracted to complete a 43-101 Qualifying Report, which is available at www.sedar.com. TheCompany received approval for the transaction from the TSX-Venture Exchange on May 16, 2005.

The cash payment, share issuance and work expenditure schedule is as follows:

Option Exercise Schedule      IssueShares     MakeUS$         ExplorationExpenditures US $
On signing of LOI                                                              -              $10,000 (1)                         -

45 days following LOI                                       -               $90,000(1)                          -

April 20, 2005                                                     -               $150,000(1)                        -

June 30, 2005                                     250,000(2)                    -                                    -

October 20, 2005                                                               -               $200,000(1)                        $500,000

April 20, 2006                                                     -               $250,000                             $500,000

June 30, 2006                                    250,000                        -                                      -

October 20, 2006                                                               -               $300,000                             $500,000

April 20, 2007                                                     -              $400,000                             -

June 30, 2007                                      250,000                                     -                                        -

October 20, 2007                                                               -              $500,000                             $1,300,000

April 30, 2008                                                     -              $500,000                             $1,000,000

June 30, 2008                                      250,000                      -                                         -

October 31, 2008                                                               -               $750,000                             $1,500,000

October 20, 2009                                250,000                               $1,850,000                         $2,500,000
Total                                                     1,250,000             $5,000,000                          $7,800,000

(1) Amounts paid

(2) Shares issued on July 12, 2005

Produktionsbeginn

                   Geschätzt von mir 2008

Infrastrucktur:
 Strasse/Bahn:           (mir) unbekannt
  Strom:                      (mir) unbekannt

Amata property, Peru (100%)

Kurzbeschreibung

•10,300 hectares Silver-Gold-Copper high sulphidation epithermal system

•Located 50 kilometers North East of Arequipa

•15 drill holes completed by RTZ for a total of 6,150m

•Norsemont believes there is potential to expand the zones of mineralization and identify additional
              zones of   high-grade precious metals in the epithermal lithocap or copper in the underlying porphyry.

After a successful partnership through the Con-stancia project, Rio Tinto was confident enough with our geological expertise and business acumen to allow us to acquire 100% of the Amata Project, a major high grade silver-gold-copper property in southern Peru. In fact, Amata is an immense series of thirteen mineral properties spanning 10,300 hectares. Our ability to pinpoint likely high grade targets and mobilize quickly to get drilling underway has gone a long way in putting us at the forefront of reviewing world-class opportunities. Acquiring control of this project from one of the world?s largest mining companies is another example of the industry?s respect for our know-how and determination.

The Amata Project is located 50km northeast of Arequipa city in the Coalaque district in the department of Moquegua, Peru. It is located at UTM coordinates 278000mE 8169000mN (Zone 19 S, datum WGS 84). The project area contains the Amata high sulphidation epithermal system and associated porphyries located between 3900m - 4700m altitude in the Cordillera of southern Peru.

Entwicklungsstatus

In 2001, Rio Tinto Exploration (RTE) secured 100% mineral rights over the prospect area which totalled 10,300 hectares and commenced exploration in the same year. Detailed geological mapping, systematic rock chip sampling and ground magnetics identified a large 10 x 4 km area of high sulphidation epithermal alteration with underlying porphyry type intrusives. A total of 2272 rock, 19 stream sediment and 10 rock float samples (excluding quality control samples) were collected in the project area. High Ag, Mo, Cu, Au and Hg values in rock samples helped identify at least six different drill targets (Cerro Amata, Tincacocha, Cayrane, Tacune, Trinchera and Palcamayo). The first round of drilling began in December 2002 with 9 recconaissance diamond holes totalling 3,866m drilled within the six target areas.

After a small CSAMT survey and further geochemistry, a second round of drilling began in September 2003 with 6 holes totalling 2,291m drilled, including 1,512m RC and 779m as diamond tails to these RC holes.

Not all targets have been tested within the prospect area and some of the targets have only been tested with very wide spaced drill holes. There are significant chances of identifying more mineralisation and zones of high grade precious metals in the epithermal lithocap or copper in the underlying porphyry.

Drilling Highlights
Of the six targets drilled three (Cerro Amata AM, Tincacocha TQ and Tacune TN) contain
the most encouraging drill results, including:

AM-01 :
317.80m @ 31.7 g/t Ag, 0.11 g/t Au
Includes:
41.95m @ 61.3 g/t Ag, 0.24 g/t Au
48.10m @ 36.2 g/t Ag, 0.28 g/t Au
AM-02 :
100.25m @ 1.11% Cu, 0.16 g/t Au ,19.55 g/t Ag
AM-03 :
2m @ 3.08% Cu, 12.85 g/t Ag
2.35m @ 0.80% Cu, 22.5 g/t Ag
AM-04 :
118m @ 0.11 % Cu, 13.08 g/t Ag
Includes: 4m @ 52.45 g/t Ag
AM-05 :
2m @ 783 g/t Ag, 0.14% Cu
TQ-02 :
25 m @ 2.76 % Cu, 0.43 g/t Au, 49 g/t Ag
TN-03 :
64m @ 0.33 % Cu

Projektanteile

On September 5, 2005, the Company signed a letter agreement with Rio Tinto Mining and Exploration Ltd. Whereby the Company acquired a 100% interest in 13 mineral properties known as the Amata Project in southern Peru plus property studies for a total consideration of US $80,000 which was paid as of June 30, 2005.

Produktionsbeginn

                   Nicht abzusehen

Infrastrucktur:
 Strasse/Bahn:           (mir) unbekannt
  Strom:                      (mir) unbekannt

Anzahl Reserver & Ressourcen’
              

Measured und Indicated:          unbekannt
            Inferred:                                  unbekannt

            Noch gibt es keine eigenen Ressourcen oder Reservenschätzungen
            Ich rechne mit ersten Ressourcenschätzungen im zweiten oder dritten Quartal (2006)

Kapitalmaßnahmen (ab 2006)

         Private Placement:  

Datum: 19 Februar 2006
            Einnahmen: 14,4 Mio C$
            Kurs: 4,00
            Stück: 3,500,000 

Warrents: 1,750,000 zu 4,75 C$ innerhalb 2 Jahre
            Bemerkungen:
http://infoventure.tsx.com/TSXVenture/TSXVentureHttpController?GetPage=NoticesContents&PO_ID=27996&NOTICE_ID=110969&CORRECTION_FLG=N&HC_FLAG1=checked    

Options:

Datum: 18 Januar  2006
            ausführbar zu: 4,00
            ausfürbar bis: innerhalb der nächsten 5 Jahre

Stück: 400.000

Bemerkungen: für certain employees, directors and consultants

            http://www.norsemont.com/news.php?id=46&action=fullnews

Share Capital

Issued and outstanding:                                    24.4 Mio Shares
Fully Diluted                                                    29.6 Million
Working Capital                                              $ 13.5 Million
Fully Diluted Working Capital                          $ 27.1 Million
Management Position                                      16%
Fully Diluted Management Position                  27%

(a) Authorized

Unlimited number common shares without par value (2004: 100,000,000)

(b) Issued and outstanding:

                                                       Price perShare   Number of Shares       Amount          

Balance, June 30, 2005                                                19,120,125                   $ 10,893,340

Issued on exercise of options                 $0.19                36,000                          6,840

Issued on exercise of options                 $0.26                6,500                           1,690

Issued on exercise of warrants               $0.30                307,500                        92,250

Issued on exercise of warrants               $0.35                344,150                        120,463

Issued on exercise of options                 $0.80                5,000                           4,000

Share issuance Constancia                   $0.91                250,000                        227,500

Issued on exercise of options                 $1.00                6,250                           6,250

Issued on exercise of options                 $1.06                12,500                          13,250

Issued on exercise of warrants               $1.10                749,190                        824,109

.

Balance, Dec 31, 2005                                                20,837,215                   $12,189,692

Outstanding share purchase warrants at Dec. 31, 2005 were as follows:

Geschäftsberichte

             Jahresbericht 2005:
            http://www.norsemont.com/lib/dat/financials/...ncial%20Statements.pdf

            Quartalsberichte 2005:
            3rd Quarter 
            http://www.norsemont.com/lib/dat/financials/...ncial%20Statements.pdf

            2rd Quarter 
            http://www.norsemont.com/lib/dat/financials/...ncial%20Statements.pdf

            1st Quarter 
            http://www.norsemont.com/lib/dat/financials/...ncial%20Statements.pdf

Ausblick

- new resource study and coincident metallurgical studies sollen im ersten Quartal 2006 kommen!
 - in den nächsten Monaten weitere Bohrergebnisse von Constanicia
- plans to perform a trenching and drilling program in the Amata Claim  to assess the  
  property in 2006.

Finanzbedarf

            Durch das letzte private Placement von 14 Mio $ erwarte ich für dieses Jahr mit keiner weiteren
            Maßnahmen.
            Ich rechne mit einen Finanzbedarf von 5-6 Mio $ im Jahr 2006.

Shortpositionen

Date:15.02.06

NORSEMONT MINING INC ("NOM-V;NOMFF-0")

- Short Positions on 2006/02/15       4,000           0      3.65

Net       Total     Last        Total       Price

Date         Change     Shorted    Price       Volume       Range

--------------------------------------------------

2006/02/15            0       4,000     3.65      689,621    3.55 - 4.50

2006/01/31       -3,100       4,000     4.60    1,513,028    3.90 - 4.60

2006/01/15        1,600       7,100     3.85*     782,224    3.64 - 4.00

2005/12/31        1,500       5,500     3.86*   1,348,125    3.35 - 3.98

2005/12/15            0       4,000     3.12      673,971    3.03 - 3.37

2005/11/30       -6,200       4,000     3.08      679,999    3.00 - 3.70

2005/11/15       -2,500      10,200     3.23    1,028,462    3.02 - 3.57

2005/10/31      -38,300      12,700     3.20      839,940    3.20 - 3.93

* - Indicates that the closing price used is the last non-zero

closing price and is not the closing price on the report date.

NEWS

Norsemont closes private placement with the Sentient Group

Friday January 20, 6:30 am ET

VANCOUVER, Jan. 20 /CNW/ - Norsemont Mining Inc. ("Norsemont") (TSX-V: NOM; Frankfurt: N8S; WKN: A0DQKK; OTC-BB: NOMFF; ISIN: CA6565291045) is very pleased to announce it has now closed the previously announced private placement with Sentient Group for the sale of 3,500,000 Units of the Company at $4.00 per unit for gross proceeds of $14million. Each unit consists of one common share and one-half of one common share purchase warrant, with each whole warrant entitling the holder to purchase one additional common share for two years at a price of $4.75 per share. The warrants have an "accelerator" provision such that if the closing price of Norsemont's common shares is $6.00 or higher for 10 consecutive trading days at any time after the closing date, Norsemont may, by issuance of a press release and written notice to the holders, give notice of "acceleration" of the warrant expiry date to the day which is 20 calendar days following the date of issuance of the press release and notice.

ADVERTISEMENT

Norsemont President & CEO, Marc E. Levy said: " We are pleased to have finalized our Private Placement with The Sentient Group. We expect to close on an additional $2,000,000 within the next two weeks. This significant investment in our company reaffirms the value of our properties and their future potential. We look forward to continuing to expand the extent of mineralization, as well as completing a revised, 43-101 compliant resource estimate at our Constancia Copper-Gold-Silver-Moly Property, and to initiate an aggressive exploration program at our Amata gold-silver-copper Property."

The financing proceeds will be used to fund through completion a resource estimation at Constancia, to initiate an exploration and drilling program on Amata, and for general working capital.

A commission consisting of cash and agents warrants will be paid to Allied Capital Corporation, a limited market dealer. The shares, warrants, agents warrants and any shares issued upon exercise of the warrants and agents warrants, are subject to a hold period expiring May 20, 2006.

Norsemont Mining is a well-structured and financed exploration company working in the America's, with a focus on Peru. The Company is currently drilling the Constancia Cu-Au-Mo project, and commencing exploration at the Amata Ag-Au property acquired from Rio Tinto.

01/18/06
NORSEMONT MINING INCREASES FINANCING

Norsemont Mining Inc. (“Norsemont”) (TSX–V: NOM; Frankfurt: N8S; WKN: A0DQKK; OTC-BB: NOMFF; ISIN: CA6565291045) is very pleased to announce it has secured a non-brokered private placement of $14,000,000 with institutional investor The Sentient Group. The company is concurrently finalizing an additional financing of up to $2,000,000 from insiders, associates and institutional investors.

The private placement was first announced in Stockwatch on December 18, 2005. The amended terms are that Norsemont will issue up to 4,000,000 units at a price of $4.00 per unit. Each unit will consist of one common share and one-half of one common share purchase warrant, with each whole warrant entitling the holder to purchase one additional common share for two years at a price of $4.75 per share. The Warrants will have an "accelerator" provision such that if the closing price of Norsemont's common shares is $6.00 or higher for 10 consecutive trading days at any time after the closing date, Norsemont may, by issuance of a press release and written notice to the holders, give notice of “acceleration” of the warrant expiry date to the day which is 20 calendar days following the date of issuance of the press release.

The Sentient Group of funds will be subscribing for a total of 3,500,000 units of the private placement for a total of $14,000,000. This transaction is expected to close within 3 days subject to final Exchange acceptance.

Norsemont President & CEO, Marc E. Levy said: "We're delighted that a quality investor such as The Sentient Group has recognized the value of our asset at Constancia. Sentient is an exceptional group for us to partner with and they are determined to see our Constancia project move towards production. This is a considerable milestone for Norsemont to have achieved in less than twelve months since optioning the Constancia property from Rio Tinto. We are proud to attract such an outstanding financial partner to help in developing a first-class project such as Constancia. The Sentient Group has a long term approach to investing, is actively involved and able to provide strategic and long term planning advice. Their extensive experience in mining will provide Norsemont with additional resources to ensure our success.”

Norsemont is pleased to have attracted multiple suitors who were prepared to fund the company. After completing a detailed review of the two main offers the board decided to accept a significantly larger offer at a marginally reduced price so that it will have sufficient funds to ensure the execution of its plans for Constancia and Amata. Although the placement with Sentient Group was discounted slightly when compared to the other offer, yet still above the existing market, the Board decided to go with Sentient for a number of reasons, including a 40% increase in the size of the offer, a reduction to a ½ warrant , an expedient closing and their long term strategic approach.


The financing proceeds will be used to fund the company’s anticipated work programs on the Constancia project and Amata project, for investigation of asset acquisition activities and general working capital. A finder's fee will be payable on all or a portion of the private placement according to the TSX Venture Exchange policies including a fee payable to Allied Capital Corporation.

Securities issued pursuant to the private placement will be subject to a four-month hold. The private placement is subject to acceptance for filing by the TSX Venture Exchange.
As well, Norsemont Mining Inc. has granted 400,000 incentive stock options to certain employees, directors and consultants, exercisable at $4.00 per share. The options are exercisable for a period of five years from the date of grant in accordance with the terms of the company's plan. The grant is subject to the policies of the TSX Venture Exchange.
The Sentient Global Resources Fund is a 10-year closed-end private equity fund based in the Cayman Islands, investing principally in the development of natural resource based projects. The Fund consists of a Limited Partnership and a parallel Australian Trust, which invest pro-rata in the Fund’s investments.
The Fund’s sponsors are CDP Capital, Babcock & Brown and HypoVereinsbank. The Fund’s investors range from government pension plans, corporate pension funds, institutional investors and industry participants. The global spread of investors from the USA, Canada, Germany and Australia complements its global mandate. For more information visit their web site at www.thesentientgroup.com
Norsemont Mining is a well-structured and financed exploration company working in the America’s, with a focus on Peru. The Company is currently drilling the Constancia Cu-Au-Mo project, and commencing exploration at the Amata Ag-Au property acquired from Rio Tinto.

Marc E. Levy,
Director & President

Contact: 604-669-9788

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or the accuracy of this release. We seek Safe Harbor.

01/17/06
NORSEMONT EXTENDS MINERALIZATION AND REPORTS HIGHEST GRADE INTERCEPT TO DATE AT SAN JOSE ZONE, CONSTANCIA PROJECT

Norsemont Mining Inc. (“Norsemont” or “the Company”) (TSX–V: NOM; Frankfurt: N8S; WKN: A0DQKK; OTC-BB: NOMFF; ISIN: CA6565291045 ) is pleased to announce that encouraging results have been received from three additional holes targeting both the Constancia and San Jose Zones at the Constancia Copper-Molybdenum-Gold-Silver Porphyry Project in southern Peru.

Highlights include:

• Hole CO-05-32: 166.00 meters of 0.83% Copper (0.97% CuEQ1)
• Hole CO-05-34: 62.00 meters of 1.45% Copper (1.68% CuEQ1)
• Hole CO-05-35: 180.90 meters of 0.58% Copper (0.88% CuEQ1)

All three holes are on the fringes of previous drilling at Constancia, thus adding significantly to the known extent of mineralization.

“Hole CO-05-34 encountered 62 meters of 1.45% Cu, the highest grades received to-date within the San Jose Zone, located near surface” said Marc E. Levy, President and CEO of Norsemont Mining Inc. “Additionally, step out Hole CO-05-35 encountered the highest molybdenum values yet observed on the property, intersecting 16 meters of 0.60% Cu and 0.071% Mo and 82 meters of 0.59% Cu and 0.054% Mo. The hole terminated in strong mineralization at 296 meters due to caving. Step out Hole CO-05-32 and CO-05-35 suggest that the Constancia Zone remains open for expansion to the south and to the west.” To-date, 41 drill holes have been completed by Norsemont at the Constancia Project totalling 9,790 meters.


TABLE 1 COPPER INTERSECTIONS AT CONSTANCIA PROJECT
HOLE# INT.(m) Cu% Mo% Au(g/t) Ag (g/t) CuEQ
05-32 166 0.83 .014 .010 4.99 0.97
incl. 8 2.32 .002 .009 5.90 2.39
140 0.80 .015 .008 5.01 0.94
8 0.38 .010 .021 4.38 0.49
10 .48 .011 .026 4.50 0.61
05-34 62 1.45 .009 .160 8.24 1.68
05-35 180 0.58 .038 .068 3.48 0.88
incl. 28 0.55 .013 .038 5.30 0.70
incl. 14 0.66 .013 .081 4.30 0.83
incl. 40 0.55 .020 .140 2.15 0.77
incl. 16 0.60 .071 .087 2.70 1.10
incl. 82 0.59 .054 .038 3.49 0.97

Note 1: Copper equivalent Values (CuEQ) are estimated using long-term metal prices including: Copper US$1.00 per lb, Molybdenum US$6.00 per lb, Silver US$6.50 per oz., and Gold US$400 per oz. Adjustment factors to account for differences in relative metallurgical recoveries for gold, copper and molybdenum will depend upon the completion of definitive metallurgical testing. CuEQ equals Cu per cent plus (Au grams per tonne times 12.86/22.05) plus (Mo percent times 132.28/22.05) plus (Ag grams per tonne times 0.21/22.05).

The San Jose Zone at the Constancia project is believed to be the faulted extension of the main Constancia Zone to the east. Hole CO-05-34, one of five holes completed during 2005 at the San Jose Zone, intersected the highest grades yet encountered. A near surface interval of 62 meters (16m – 78m) encountered 1.45% Cu in mixed skarn mineralization and chalcocite-bearing monzonite. Continued drill testing the near surface potential of the San Jose Zone will be a high priority in early 2006.

Holes CO-05-32 and 35 are 100 meter step-out holes collared within the Southern Fracture System, the thickest and generally highest grade portion of the main Constancia Zone. CO-05-32 tested the southeastern portion of the Fracture Zone, angled to the northwest. Hole CO-05-32 encountered a skarn contact with mineralized monzonite intersecting 140 meters (100 meters - 240meters) of 0.8% Cu and 0.015% Mo. The interval overlaps mineralized skarn rocks and secondary chalcocite in the monzonite. This intercept has excellent continuity with nearby holes, collectively suggesting that the Constancia zone remains open for expansion to the south. CO-05-35 has extended the Southern Fracture System to the west, encountering 180.9 meters of 0.58% Cu and with 0.038% Mo in five zones. These zones start at the surface and continue to the bottom of the drill hole. This 100 meter step-out hole intersected the strongest molybdenum values yet encountered on the property. Furthermore, the Constancia zone remains open to the west and at depth in this region, since the hole was lost within strong mineralization due to poor down-hole ground conditions.

The drilling program and geological studies at the Constancia project are being supervised by Dr. Thomas A. Henricksen, P. Geo., Norsemont’s Qualified Person as defined by NI 43-101. Core samples are cut with a diamond saw, with one-half of the core placed in sealed bags, and shipped to ALS Chemex Assay Labs in Lima, Peru. The program includes an extensive quality control program for assaying which includes the systematic use of standards, blanks, and field duplicate samples. Secondary laboratories are also used for check assaying.

Robert McLeod, P. Geo., Norsemont’s Consulting Geologist and Qualified Person as defined by NI 43-101 has reviewed and approved information contained in this news release.

A plan map with drill hole locations will be available shortly on Norsemont’s website at www.norsemont.com

Norsemont Mining is a well-structured and financed exploration company working in the America’s, with a focus on Peru. The Company is currently drilling the Constancia Cu-Au-Mo project, and commencing exploration at the Amata Ag-Au property acquired from Rio Tinto.

Marc E. Levy
Director & President


Phone: 604-669-9788
Fax: 604-669-9768
E-Mail: investors@norsemont.com
www.norsemont.com

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or the accuracy of this release. We seek Safe Harbor.

12/21/05
STEP OUT DRILLING WITHIN THE SAN JOSE ZONE YIELDS ADDITIONAL MINERALIZATION AT CONSTANCIA PROJECT

STEP OUT DRILLING WITHIN THE SAN JOSE ZONE YIELDS ADDITIONAL MINERALIZATION AT CONSTANCIA PROJECT

Norsemont Mining Inc. (“Norsemont” or “the Company”) (TSX–V: NOM; Frankfurt: N8S; WKN: A0DQKK; OTC-BB: NOMFF; ISIN: CA6565291045 ) is pleased to announce that favourable results have been received from the initial three drill holes within the San Jose Zone at the Constancia Copper-Gold-Silver-Molybdenum Porphyry Project in southern Peru.

Highlights include:
• Hole CO-05-31: 60m of 0.82% Copper (0.97% CuEQ1)
• Hole CO-05-30: 36m of 0.71% Copper (0.88% CuEQ1)
• Hole CO-05-33: 44m of 0.42% Copper (0.60% CuEQ1)

“Norsemont is encouraged by the near-surface mineralization encountered at the San Jose Zone” said Marc E. Levy, President and CEO of Norsemont Mining Inc., “The zone is wide open along strike, and is likely the faulted extension of the Constancia Zone located to the east. The recently announced financing will allow for an extensive drill program at Constancia in 2006.”

TABLE 1 SAN JOSE ZONE COPPER INTERSECTIONS AT CONSTANCIA PROJECT
HOLE INT.(m) Cu% Mo% Au(g/t) Ag(g/t) CuEQ1
05-30 36.0 .71 .004 .190 3.65 0.88
05-31 60.0 .82 .012 .078 3.65 0.97
05-33 44.0 .42 .012 .107 4.82 0.60

Note 1: Copper equivalent Values (CuEQ) are estimated using long-term metal prices including: Copper US$1.00 per lb, Molybdenum US$6.00 per lb, Silver US$6.50 per oz., and Gold US$400 per oz. Adjustment factors to account for differences in relative metallurgical recoveries for gold, copper and molybdenum will depend upon the completion of definitive metallurgical testing. CuEQ equals Cu per cent plus (Au grams per tonne times 12.86/22.05) plus (Mo percent times 132.28/22.05) plus (Ag grams per tonne times 0.21/22.05).


The San Jose Zone at the Constancia prospect is believed to be the faulted extension of the main Constancia Zone to the east. Historical work at the San Jose Zone in the 1990’s, included mapping, surface sampling and diamond drilling. This work was performed by Mitsui Mining, who were operating the nearby Katanga mine. An unknown amount of high grade copper was extracted from a small open pit, typified by a mixture of chalcopyrite and chalcocite in skarn and mineralized intrusive. The open pit is located in the geographic center of the known limits of the San Jose Zone. Mitsui drilled a series of short reverse circulation drill holes, encountering consistent thicknesses of strong copper mineralization. In 2004, Rio Tinto completed three holes near the open pit. The extent of mineralization at the San Jose Zone is not well understood due to poor exposure, however surface sampling and limited drilling suggest a width of 250 meters in the open pit area. Along strike, the zone is traceable in sparse leached outcrops for a length of nearly one kilometer in total, extending mainly to the north of the open pit.

As part of the current drilling program at Constancia, Norsemont completed five core holes in the San Jose Zone and has received results for the first three holes; CO-05-30, 31, and 33. These holes are oriented along an east-west section line, across the strike of the zone and spaced at 100 meter intervals. CO-05-30 contains an interval of 36 meters (30 m - 66m) of near surface skarn mineralization, averaging 0.71% Cu, 0.004% Mo, 0.19 g/t Au, and 3.65 g/t Ag. CO-05-31, located 100 meters to the west of CO-05-30, contains an interval of 60 meters (12 m - 72 m) of near surface mixed skarn chalcopyrite and chalcocite mineralization in intensely phyllic altered and brecciated monzonite averaging 0.82% Cu, 0.012% Mo, 0.078 g/t Au, and 3.65 g/t Ag. CO-05-33, located 100 meters to the west of CO-05-31, encountered 44 meters (84 m - 128 m) of mixed chalcopyrite and chalcocite in both skarn and monzonite, averaging 0.42% Cu, 0 .012% Mo, 0.107 g/t Au and 4.82 g/t Ag. The grades and thicknesses at the San Jose Zone encountered to-date are consistent with mineralization encountered at the north end of the offset Constancia Zone.

The drilling program and geological studies at the Constancia project are being supervised by Dr. Thomas A. Henricksen, P.Geo., Norsemont’s Qualified Person as defined by NI 43-101. Core samples are cut with a diamond saw, with one-half of the core placed in sealed bags, and shipped to ALS Chemex Assay Labs in Lima, Peru. The program includes an extensive quality control program for assaying which includes the systematic use of standards, blanks, and field duplicate samples. Secondary laboratories are also used for check assaying.

Robert McLeod, P. Geo., Norsemont’s Consulting Geologist and Qualified Person as defined by NI 43-101 has reviewed and approved information contained in this news release.

A plan map with drill hole locations will be available on Norsemont’s website at www.norsemont.com

Norsemont Mining is a well-structured and financed exploration company working in the America’s, with a focus on Peru. The Company is currently drilling the Constancia Cu-Au-Mo, Ag project, and commencing exploration at the Amata Ag-Au, Cu property acquired from Rio Tinto.


Marc E. Levy
Director & President


Phone: 604-669-9788
Fax: 604-669-9768
E-Mail: investors@norsemont.com
www.norsemont.com

12/20/05
NORSEMONT INTERSECTS BEST GRADES YET ENCOUNTERED AT CONSTANCIA

NORSEMONT INTERSECTS BEST GRADES YET ENCOUNTERED AT CONSTANCIA

Norsemont Mining Inc. (“Norsemont” or “the Company”) (TSX–V: NOM; Frankfurt: N8S; WKN: A0DQKK; OTC-BB: NOMFF; ISIN: CA6565291045 ) is pleased to announce that assay results for an additional four holes have been received from its Constancia Copper-Gold-Silver-Molybdenum Porphyry Project in southern Peru.

Highlights include:
• Hole CO-05-27: 118m of 0.74% Copper (1.07% CuEQ1)
• Hole CO-05-28: 22m of 2.02% Copper (2.49% CuEQ1)
• Hole CO-05-29: 58m of 0.88% Copper (1.02% CuEQ1)

“The southern portion of the main Constancia Zone exhibits near-surface, excellent copper, silver and molybdenum grades over wide intervals.” said Marc E. Levy, President and CEO of Norsemont Mining Inc., “Hole CO-05-28 encountered 22 meters of 2.02% Cu, 0.03% Mo, 198 ppb Au and 17.18 g/t Ag, the highest grades yet encountered on the project”. Future drilling will continue to step-out from this recent drilling to expand the deposit along strike.

TABLE 1 COPPER INTERSECTIONS AT CONSTANCIA PROJECT


Hole# INT.(m) Cu% Mo% Au(g/t) Ag(g/t) CuEQ1
05-26 No Significant Assays
05-27 118.00 0.74 .041 .059 4.97 1.07
incl. 54.00 1.05 .031 .084 6.07 1.35
05-28 22.00 2.02 .031 .198 17.18 2.49
05-29 58.00 0.88 .011 .052 4.23 1.02
and 120.00 0.66 .021 .052 3.54 0.85

Note 1: Copper equivalent Values (CuEQ) are estimated using long-term metal prices including: Copper US$1.00 per lb, Molybdenum US$6.00 per lb, Silver US$6.50 per oz., and Gold US$400 per oz. Adjustment factors to account for differences in relative metallurgical recoveries for gold, copper and molybdenum will depend upon the completion of definitive metallurgical testing. CuEQ equals Cu per cent plus (Au grams per tonne times 12.86/22.05) plus (Mo percent times 132.28/22.05) plus (Ag grams per tonne times 0.21/22.05).


Results to-date in the Constancia Zone have identified two distinct corridors east-west trending structural corridors of high-grade mineralization within the extent of the open-ended mineralizing system. Additionally, excellent continuity of near-surface supergene-enriched copper mineralization at Constancia is unique for porphyry and skarn deposits in southern Peru, amenable to low-cost heap leach recoveries. Norsemont is initiating metallurgical testwork on samples representative of supergene material, as well as primary mineralization.





Norsemont’s ongoing drilling at the Constancia Zone is testing the northern and southern portions of known mineralization. Holes CO-05-27, 28 and 29 are located in the southern half of the Constancia Zone, and were drilled at the limits of known mineralization. CO-05-27 and 29 were drilled from the same platform and directed to the south at -60 and -80 degrees respectively. Strong chalcocite was encountered in both drill holes over significant core lengths, suggesting that the mineralizing system remains open. Hole CO-05-28, a 100 meter step-out hole in the south-central portion of the zone encountered strong mineralization, and suggests that the zone remains open to the south. Hole CO-05-26 was collared in the extreme northeast corner of the deposit, and did not encounter significant mineralization.

Norsemont’s expanded program has completed over 9,000 meters of core drilling on the property to-date, with current drilling testing the San Jose Zone, located west of the main Constancia Zone. Management is encouraged by the results received to-date, suggesting that the deposit has excellent continuity of near-surface mineralization, and remains open to expansion in multiple directions and at depth. Norsemont expects to release additional assay results from the initial holes from the San Jose Zone shortly.

The drilling program and geological studies at the Constancia project are being supervised by Dr. Thomas A. Henricksen, P.Geo., Norsemont’s Qualified Person as defined by NI 43-101. Core samples are cut with a diamond saw, with one-half of the core placed in sealed bags, and shipped to ALS Chemex Assay Labs in Lima, Peru. The program includes an extensive quality control program for assaying which includes the systematic use of standards, blanks, and field duplicate samples. Secondary laboratories are also used for check assaying.

Robert McLeod, P. Geo., Norsemont’s Consulting Geologist and Qualified Person as defined by NI 43-101 has reviewed and approved information contained in this news release.

A plan map with drill hole locations is available on Norsemont’s website at www.norsemont.com

Norsemont Mining is a well-structured and financed exploration company working in the America’s, with a focus on Peru. The Company is currently drilling the Constancia Cu-Au-Mo project, and commencing exploration at the Amata Ag-Au property acquired from Rio Tinto.


Marc E. Levy
Director & President

12/19/05
NORSEMONT MINING ARRANGES CDN$10,000,000 FINANCING

Siehe Meldung von 20.1.06!!

Norsemont Mining Arranges CDN$10,000,000 Financing

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Dec. 18, 2005) - Norsemont Mining Inc. ("Norsemont") (TSX VENTURE:NOM)(OTCBB:NOMFF)(FWB:N8S)(WKN:A0DQKK)(ISIN:CA6565291045)­ is pleased to announce it has arranged a non-brokered private placement of up to $10,012,500. Norsemont will issue up to 2,225,000 units at a price of $4.50 per unit. Each unit will consist of one common share and one common share purchase warrant whereby each whole warrant will be exercisable into one common share for two years from the date of closing at a price of $5.00 per share. The Warrant will have an "accelerator" provision such that if the closing price of Norsemont's common shares is $6.00 or higher for 10 consecutive trading days at any time after the closing date, the Issuer may, by issuance of a press release, give notice of "acceleration" of the warrant expiry date to the day which is 20 calendar days following the date of issuance of the press release.

The financing proceeds will be used to fund the company's anticipated work programs on the Constancia project and Amata project, for investigation of asset acquisition activities and general working capital. A finder's fee will be payable on all or a portion of the private placement according to the TSX Venture Exchange policies.

Securities issued pursuant to the private placement will be subject to a four-month hold. The private placement is subject to acceptance for filing by the TSX Venture Exchange.

Norsemont Mining is a well-structured and financed exploration company working in the America's, with a focus on Peru. The Company is currently drilling the Constancia Cu-Au-Mo project, and commencing exploration at the Amata Ag-Au property acquired from Rio Tinto.

We seek Safe Harbor.

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or the accuracy of this release.

CONTACT INFORMATION
Norsemont Mining Inc.

Aly B. Mawji
Director
(604) 669-9788
(604) 669-9768 (FAX)

12/14/05
NORSEMONT CONSTANCIA ZONE EXPANDED TO THE NORTH

NORSEMONT CONSTANCIA ZONE EXPANDED TO THE NORTH

Norsemont Mining Inc. (“Norsemont” or “the Company”) (TSX–V: NOM; Frankfurt: N8S; WKN: A0DQKK; OTC-BB: NOMFF) is pleased to announce that assay results for an additional seven holes have been received from its Constancia Copper-Gold-Silver-Molybdenum Porphyry Project in southern Peru.

Highlights include:
• Hole CO-05-20: 50m of 0.94% Copper (1.11% CuEQ1)
• Hole CO-05-21: 40m of 0.87% Copper (1.02% CuEQ1)
• Hole CO-05-25: 58m of 0.81% Copper (0.92% CuEQ1)

“These recent results continue to infill and expand the northern portion of the main Constancia Zone,” said Marc E. Levy, President and CEO of Norsemont Mining Inc., “hole C-05-39 is currently in progress testing the San Jose Zone located northwest of Constancia. Results from the southern portion of the Constancia Zone are to be announced shortly.”

TABLE 1 COPPER INTERSECTIONS AT CONSTANCIA PROJECT

Drill
HOLE# INT.(m)Cu(%) Mo Au Ag (%)CuEQ1
CO-05-19 No Significant Assays
CO-05-20 50.40 .94 .020 .025 4.10 1.11
CO-05-21 40.00 .87 .014 .035 5.01 1.02
CO-05-22 52.00 .41 .005 .053 10.0 0.56
CO-05-23 24.00 .55 .005 .035 6.62 0.66
CO-05-24 50.00 .55 .021 .034 6.60 0.76
CO-05-25 58.35 .83 .005 .040 4.08 0.92

Note 1: Copper equivalent Values (CuEQ) are estimated using long-term metal prices including: Copper US$1.00 per lb, Molybdenum US$6.00 per lb, Silver US$6.50 per oz., and Gold US$400 per oz. Adjustment factors to account for differences in relative metallurgical recoveries for gold, copper and molybdenum will depend upon the completion of definitive metallurgical testing. CuEQ equals Cu per cent plus (Au grams per tonne times 12.86/22.05) plus (Mo percent times 132.28/22.05) plus (Ag grams per tonne times 0.21/22.05).

Norsemont’s ongoing drilling at the Constancia Zone is testing the northern and southern portions of known mineralization. Holes C-05-20 to 25 are located in the north part of the Zone, spaced on 100 meter centers with the objective to establish continuity of grade, as well as to expand mineralization along strike and at depth. These results suggest excellent continuity of supergene and hypogene copper mineralization, underneath a leached cap and results will be incorporated into a near-surface resource estimate for the Constancia Zone. Hole C-05-19 was drilled at the southwest corner of the Zone and encountered low grades, where interfingering of excellent and low copper grades define the margin of the deposit. Norsemont expects to release additional assay results from the southern portion of the Constancia Zone, as well as the initial holes from the San Jose Zone in the near future. Based on previously released results, the southern portion of the Constancia Zone exhibits the strongest copper mineralization over the widest intervals. Due to excessive workload at the analytical labs, assay results have been taking longer than expected.

The drilling program and geological studies at the Constancia project are being supervised by Dr. Thomas A. Henricksen, P.Geo., Norsemont’s Qualified Person as defined by NI 43-101. Core samples are cut with a diamond saw, with one-half of the core placed in sealed bags, and shipped to ALS Chemex Assay Labs in Lima, Peru. The program includes an extensive quality control program for assaying which includes the systematic use of standards, blanks, and field duplicate samples. Secondary laboratories are also used for check assaying.

Robert McLeod, P. Geo., Norsemont’s Consulting Geologist and Qualified Person as defined by NI 43-101 has reviewed and approved information contained in this news release.

A plan map with drill hole collar locations is available on the Norsemont website at www.norsemont.com

Norsemont Mining is a well-structured and financed exploration company working in the America’s, with a focus on Peru. The Company is currently drilling the Constancia Cu-Au-Mo project, and commencing exploration at the Amata Ag-Au property acquired from Rio Tinto.


Marc E. Levy
Director & President

11/24/05
NORSEMONT UPDATES GOLD AND SILVER VALUES FROM CONSTANCIA

Norsemont Mining Inc. (“Norsemont” or “the Company”) (TSX–V: NOM; Frankfurt: N8S; WKN: A0DQKK; OTC-BB: NOMFF) is very pleased to announce that complete assay results have been received complementing the previously released copper and molybdenum values from the initial 12 diamond drill holes at its Constancia Copper-Gold-Silver-Molybdenum Porphyry Project in southern Peru. Complete assay results for holes 13 thru 18 were previously announced on November 9, 2005.

“The Company is pleased to release the complete assay results as well as the copper equivalent values” said Marc E. Levy, President and CEO of Norsemont Mining Inc., “The complete assays suggest economically significant quantities of gold and silver at Constancia, in addition to the previously released copper and molybdenum values. Of particular interest are the consistently high silver values. We are continuing with our aggressive drill program to infill and expand the limits of known mineralization and will release results from additional holes in the near future. ”

To date the Company has completed approximately 33 diamond drill holes in the 2005 program including 3 holes in the San Jose zone. Assay results on holes 19 to 33 will be announced as they are made available to the Company.

Hole#INT.(m)Cu% Mo% Au (g/t) Ag (g/t)CuEQ%
CO05-01 54 0.79 0.002 0.065 3.9 0.88
CO05-02 16 2.07 0.010 0.184 2.5 2.26
52 0.68 0.007 0.038 2.2 0.76
CO05-03 7 0.81 0.002 0.024 3.5 0.87
27 0.63 0.003 0.039 4.3 0.71
CO05-04 16 0.47 0.006 0.013 3.8 0.55

CO05-04 97 0.61 0.008 0.018 6.9 0.73
Incl. 68 0.73 0.009 0.015 3.4 0.82
CO05-05 12 0.55 0.001 0.054 3.4 0.62
Incl. 110 0.87 0.011 0.036 4.2 1.00
72 1.1 0.012 0.038 5.1 1.24
CO05-06 12 0.67 0.029 0.02 3.7 0.89
58 1.44 0.008 0.16 15.2 1.73 CO05-07 30 0.73 0.004 0.022 2.7 0.79
30 1.08 0.033 0.085 3.8 1.36
24 0.46 0.006 0.043 1.9 0.54 CO05-08 50 0.57 0.003 0.024 7.3 0.67
CO05-09 66 0.43 0.002 0.014 2 0.47
CO05-10 166 0.59 0.011 0.086 3.9 0.74
Incl. 114 0.69 0.014 0.115 4 0.88 CO05-11 196 0.88 0.019 0.072 6.8 1.10
Incl. 48 1.7 0.020 0.091 5.5 1.93
CO05-12 47 0.87 0.001 0.461 6.4 1.21
190 0.53 0.015 0.039 5.2 0.69

Note 1: Copper equivalent Values (CuEQ) are estimated using long-term metal prices including: Copper US$1.00 per lb, Molybdenum US$6.00 per lb, Silver US$6.50 per oz., and Gold US$400 per oz. Adjustment factors to account for differences in relative metallurgical recoveries for gold, copper and molybdenum will depend upon the completion of definitive metallurgical testing. CuEQ equals Cu per cent plus Cu% + (Au gram per tonne times 12.86/22.05) plus (Mo percent times132.28/22.05) plus (Ag gram per tonne times *0.21/22.05).

Hole Locations are as follows:
Hole # East North Azimuth ANGLE
CO05-012 02100E 8300400N 0 -90
CO-05-02 202000E 8400000N 0 -90
CO-05-03 202000E 8399900N 0 -90
CO-05-04 202000E 8399800N 0 -90
CO-05-05 202000E 8399700N 0 -90
CO-05-06 201900E 8399700N 0 -90
CO-05-07 201900E 8339800N 0 -90
CO-05-08 201900E 8339900N 0 -90
CO-05-09 201900E 8400000N 0 -90
CO-05-10 202100E 8339900N 180 -80
CO-05-11 202100E 8399900N 225 -80
CO-05-12 202200E 8399900N 20 -80

Drilling cross-sections and plan view are available at www.Norsemont.com

The drilling program and geological studies at the Constancia project are being supervised by Dr. Thomas A. Henricksen, P.Geo., Norsemont’s Qualified Person as defined by NI 43-101. Core samples are cut with a diamond saw, with one-half of the core placed in sealed bags, and shipped to ALS Chemex Assay Labs in Lima, Peru. The program includes an extensive quality control program for assaying which includes the systematic use of standards, blanks, and field duplicate samples. Secondary laboratories are also used for check assaying.

Norsemont Mining is a well-structured and financed exploration company working in the America’s, with a focus on Peru. The Company is currently drilling the Constancia Cu-Au-Mo project, and commencing exploration at the Amata Ag-Au property.

Robert Mcleod, P. Geo., Advisory Board member of Norsemont and Qualified Person as defined by NI 43-101 has reviewed and approved information contained in this news release.



Marc E. Levy
Director & President

11/10/05
NORSEMONT CONSTANCIA PROJECT YIELDS ITS WIDEST EVER INTERSECTION WITH 301 METERS 0.77% CU (INCLUDING 62.6M 1.26% CU) (PHOTOS)

Norsemont Mining Inc. (“Norsemont” or “the Company”) (TSX–V: NOM; Frankfurt: N8S; WKN: A0DQKK; OTC-BB: NOMFF) is very pleased to announce that assay results for an additional six holes have been received from its Constancia Copper-Gold-Silver-Molybdenum Porphyry Project in southern Peru.

Photos of the Constancia project are available at:

http://www.norsemont.com/properties.php?page=constancia&subpage=photos


Highlights include:
Hole CO-05-13: 164m of 0.94% Copper
(1.13% CuEQ1)
Hole CO-05-14: 301m of 0.77% Copper
(0.86% CuEQ1)
Hole CO-05-16: 118m of 0.81% Copper
(1.00% CuEQ1)
Hole CO-05-18: 118m of 0.83% Copper
(1.00% CuEQ1)

“In addition to exceptional grades, these results include our widest interval of mineralization yet encountered at Constancia.” said Marc E. Levy, President and CEO of Norsemont Mining Inc., “Hole CO-05-14 encountered over 300 meters of 0.86% copper equivalent (CuEQ1), including 0.77% Cu, 4.5 g/t Ag, 0.056 g/t Au and 0.002% Mo. We are continuing with our aggressive drill program to infill and expand the limits of known mineralization.”

TABLE 1
COPPER INTERSECTIONS AT CONSTANCIA PROJECT

Hole# From(m) To(m) INT.(m) Cu (%)CuEQ1

CO-05-13 92.00 256.00 164 0.94 1.13
Incl. 212.00 250.00 38 1.42 1.52
CO-05-14 22.00 323.00 301 0.77 0.86
Incl. 109.40 172.00 62.6 1.26 1.36

CO-05-15 4.00 22.00 18 0.49 0.71
Incl. 48.00 66.00 18 0.54 0.79

CO-05-16 25.65 60.00 34.35 1.01 1.27
Incl. 80.00 136.00 56 0.63 0.86
Incl. 172.00 290.00 118 0.81 1.00

CO-05-17 NO SIGNIFICANT ASSAYS
CO-05-18 22.00 140.00 118 0.83 1.00
Incl. 146.00 156.00 10 1.23 1.34
Incl. 176.90 232.00 55.1 0.93 1.02

Note 1: Copper equivalent Values (CuEQ) are estimated using long-term metal prices including: Copper US$1.00 per lb, Molybdenum US$6.00 per lb, Silver US$6.50 per oz., and Gold US$400 per oz. Adjustment factors to account for differences in relative metallurgical recoveries for gold, copper and molybdenum will depend upon the completion of definitive metallurgical testing. CuEQ equals Cu per cent plus (Au grams per tonne times 12.86/22.05) plus (Mo percent times 132.28/22.05) plus (Ag grams per tonne times 0.21/22.05).

TABLE 2 DRILL HOLE COLLAR COORDINATES
Hole # East North Azimuth Dip
CO-05-13 202100E 8400000N 225 -75
CO-05-14 202200E 8399900N 160 -80
CO-05-15 201800E 8399700N 45 -80
CO-05-16 201800E 8399800N 100 -80
CO-05-17 202300E 8400000N 300 -75
CO-05-18 202100E 8399900N 315 -60

Recent drilling has encountered blind copper-molybdenum mineralization beneath the skarn and marble on the south end of the Constancia Zone. Drill holes CO-05-12, 14, 16, and 18 encountered excellent secondary chalcocite mineralization, as well as primary chalcopyrite, and occasionally primary bornite in the monzonite directly beneath the cap of skarn. Grades above 1% copper are common in the secondarily-enriched zones directly beneath skarn. More importantly, this Constancia Zone remains open for expansion to the southeast underlying shallow holes completed by previous operators, which were not drilled to sufficient depths to intersect the intensely mineralized skarn/intrusive contact.

Hole C0-05-15 was drilled down or alongside a post-mineral dyke, or possibly a pre-mineral sliver of weakly altered monzonite, with only limited copper mineralization (one 18 meter zone of 0.49% copper and 280 ppm Mo and another 18 meter zone of 0.54% copper and 340 ppm molybdenum). Hole CO-05-17 was drilled in a covered area to the east, but apparently in a lobe of relatively fresh rock between east-west trending extensively mineralized zones.

In addition to ongoing drilling at the Constancia Zone, Norsemont has commenced drilling at the highly prospective San Jose Zone. Drilling will test areas where shallow (<50 meters) drilling by previous operators encountered high grade copper values. The Company will also test prospective leached cap areas in the north San Jose Zone. Assay results on the recently completed holes will be released shortly.

The drilling program and geological studies at the Constancia project are being supervised by Dr. Thomas A. Henricksen, P.Geo., Norsemont’s Qualified Person as defined by NI 43-101. Core samples are cut with a diamond saw, with one-half of the core placed in sealed bags, and shipped to ALS Chemex Assay Labs in Lima, Peru. The program includes an extensive quality control program for assaying which includes the systematic use of standards, blanks, and field duplicate samples. Secondary laboratories are also used for check assaying.

Robert McLeod, P. Geo., Norsemont Consulting Geologist and Qualified Person as defined by NI 43-101 has reviewed and approved information contained in this news release.

A plan map and cross-section with drill hole locations will be available shortly on the Norsemont website at www.norsemont.com

Norsemont Mining is a well-structured and financed exploration company working in the America’s, with a focus on Peru. The Company is currently drilling the Constancia Cu-Au-Mo project, and commencing exploration at the Amata Ag-Au property acquired from Rio Tinto.


Marc E. Levy
Director & President

11/02/05
NORSEMONT EXPANDS DRILL PROGRAM TO 8,000 METERS AND PLANS DRILLING OF HIGHLY PROSPECTIVE SAN JOSE ZONE

Norsemont Mining Inc. (“Norsemont” or “the Company”) (TSX–V: NOM; Frankfurt: N8S; WKN: A0DQKK; OTC-BB: NOMFF) is very pleased to announce that the Company has expanded the current drill program at the Constancia project in Peru to 8,000 meters from the current 6,000 meter program. It is anticipated that the additional drilling will be completed prior to the end of 2005.

As part of this expanded program Norsemont has also decided to complete up to 5 holes in the San Jose Zone. The San Jose Zone, as defined by the geological mapping, geochemical sampling and trenching carried out by Norsemont, is approximately one kilometer long in a 350 degree orientation and up to 400 meters in width. The target area is centered on the San Jose Pit, partially mined in the 1990´s by Mitsui. The San Jose Zone may be the offset extension of the Constancia Zone to the east and south, as evidenced from Norsemont geological mapping. Historical shallow drilling by Mitsui intersected locally abundant 1% copper values as chalcocite and mixed chalcocite/chalcopyrite, at less than 50 meters in depth, in the open pit area.

In 2005, Norsemont trenched a copper indicative leached capped showing, approximately 500 meters north of the San Jose Pit along the trend of the San Jose Zone. This target will be one of the areas to be drill-tested.

Marc E. Levy, president and CEO, said: "We are well on our way to establishing a NI 43-101 compliant resource based on the positive results of our current drilling in the Constancia Zone. Our decision to expand the drill program is due to the positive results which continue to exceed our expectations and historical Rio Tinto drilling. We are excited about establishing a drill program in the highly prospective San Jose Zone which has the potential to add significant tonnage to the known copper mineralization at Constancia.”

To date, Norsemont has drilled 26 holes within the Constancia zone. Assay results on the recently completed holes are expected shortly.

The drilling program and geological studies at the Constancia project are being supervised by Dr. Thomas A. Henricksen, P.Geo., Norsemont’s Qualified Person as defined by NI 43-101. Dr. Henricksen has reviewed and approved information contained in this news release.


Marc E. Levy
Director & President

10/12/05
NORSEMONT CONTINUES TO INTERSECT HIGH GRADE INTERCEPTS INCLUDING 196M OF 0.88% CU (INCLUDING 48M 1.70% CU) AT CONSTANCIA PROJECT

VANCOUVER, Oct. 12, 2005 (Canada NewsWire via COMTEX) --

Norsemont Mining Inc. ("Norsemont" or "the Company") (TSX-V: NOM; Frankfurt: N8S; WKN: A0DQKK; OTC-BB: NOMFF) is very pleased to announce that the Company continues to intersect significant copper mineralization in all 12 diamond drill holes at its Constancia Project in southern Peru.

The assay results from the two core drilling rigs currently working the project continue to confirm, and locally exceed, the results of the widely spaced drilling previously completed by Mitsui and Rio Tinto. Rio Tinto previously reported a historical unclassified resource in the Constancia porphyry copper system of 189 million tons of 0.68%t copper (0.5% copper cut-off) and 0.021% molybdenum, based on drilling in both the Constancia and San Jose zones. This resource estimate is historical in nature, has not been verified by our Qualified Person and therefore should not be relied upon.

Highlights include: - Hole CO-05-11: 196m of 0.88% Copper including 48m of 1.70% Copper - Hole CO-05-10: 166m of 0.59% Copper including 114m of 0.69% Copper - Hole CO-05-12: 47.25m of 0.87% Copper and 190m of 0.53% Copper

"The Company is very excited about these positive results which continue to exceed our expectations at Constancia" said Marc E. Levy, President and CEO of Norsemont Mining Inc., "Our current drilling confirms the historical Rio Tinto drilling and continues to exceed historical results in several areas. We continue to drill in the main Constancia zone with the goal to produce a new 43-101 compliant resource. Furthermore we look forward to the commencement of drilling in the highly prospective San Jose zone as well as at the newly acquired Amata project."

The 2005 exploration program to-date has concentrated on infill drilling at the Constancia zone, with the objective of completing a revised 43-101 compliant resource estimate of copper mineralization. Additional drilling this fall will target in the San Jose zone located west of the Constancia zone, where multiple shallow drill intercepts averaging over 1% Cu were completed by previous operators. A new trench excavated in early October located 500 meters north of the old San Jose pit encountered strong hematite oxidation with minor copper oxides, in a strongly altered porphyry. This suggests excellent potential for a significant new occurrence of chalcocite mineralization at depth in the San Jose North area below the leach cap.

The following table is a summary of the 2005 drilling program showing the significant intercepts with assays received to date from ALS Chemex in Lima. The drill hole locations are plotted a map which is available on the Company's web site. This map shows the near surface projection of greater than 0.5% copper, as determined from previous drilling, surface sampling, and the Norsemont's 2005 drilling:

The drilling program and geological studies at the Constancia project are being supervised by Dr. Thomas A. Henricksen, P.Geo., Norsemont's Qualified Person as defined by NI 43-101. Core samples are cut with a diamond saw, with one-half of the core placed in sealed bags, and shipped to ASL Chemex Assay Labs in Lima, Peru. The program includes an extensive quality control program for assaying which includes the systematic use of standards, blanks, and field duplicate samples. Secondary laboratories are also used for check assaying.

Art C. Freeze, P. Geo., Director of Norsemont and Qualified Person as defined by NI 43-101 has reviewed and approved information contained in this news release.

A plan map and cross-section with drill hole locations will be available shortly on the Norsemont website at www.norsemont.com

Norsemont Mining is a well-structured and financed exploration company working in the America's, with a focus on Peru. The Company is currently drilling the Constancia Cu-Au-Mo project, and commencing exploration at the Amata Ag-Au property.

The TSX Venture Exchange has not reviewed and does not accept

responsibility for the adequacy or the accuracy of this release. We seek

Safe Harbor.

09/21/05
NORSEMONT ENCOUNTERS SEVERAL HIGH GRADE INTERCEPTS IN FIRST SEVEN HOLES AT CONSTANCIA COPPER-GOLD-MOLY PROJECT

Norsemont Mining Inc. ("Norsemont" or "The Company") (TSX-V: NOM; Frankfurt: N8S; WKN: A0DQKK; OTC-BB: NOMFF) is very pleased to announce significant copper mineralization has been encountered in the first seven diamond drill holes at its Constancia project located in Chumbivilcas province in Peru. The drilling thus far has confirmed and locally exceeded the wide-spaced drilling program previously completed by Rio Tinto and Mitsui and confirms the presence of a large Copper, Gold, and Molybdenum mineralized system.

Highlights include:
- Hole CO-05-01, which intersected 54m of 0.79% Copper
- Hole CO-05-02, which intersected 16.55m of 2.07% Copper and a further
52m of 0.68% Copper
- Hole CO-05-04, which intersected 97.8m of 0.61% Copper
- Hole CO-05-05, which intersected 110m of 0.87% Copper including 72m of
1.10% Copper
- Hole CO-05-06, which intersected 58m of 1.44% Copper
- Hole CO-05-07, which intersected 30m of 1.08% Copper.

Silver and Gold assay results are pending and will be released as they come available. The Company is particularly pleased with these very positive results and has immediately expanded the current 15 hole diamond drill program to 20 holes.

"We are extremely pleased with the thick, continuous and high-grade intercepts of copper generated in this phase of drilling. Our current copper and moly drill results on average, exceed those reported from the drilling program completed by Rio Tinto and confirm the presence of a robust, potentially low cost heap leachable mineralized system" said Marc E. Levy, President and CEO of Norsemont Mining Inc., "We are currently drilling holes No. 12 and No. 13, and we expect to release the next batch of results in the near future."

Secondary chalcocite and/or primary copper sulphide mineralization, in potentially commercial quantities, have been intersected within phyllically altered monzonite and skarn in each of the first eleven holes completed for Norsemont (Assay's are pending for the four other completed holes), including the two drill holes in progress. The overall thickness of the secondary chalcocite and primary copper sulfides, encountered during this phase of drilling, ranges from a thickness of 120 meters in hole CO-05-05 and down to a thickness of 34.9 meters in CO-05-03 (partially oxidized chalcocite blanket).

A summary of the significant intercepts from the current diamond drill program are as follows:

<<
Drill Holes From (m) To (m) INT. (m) Cu (%) Mo (%)
CO-05-01 80 134 54 0.79 0.002
CO-05-02 99.45 116 16.55 2.07 0.010
CO-05-02 126 178 52 0.68 0.007
CO-05-03 110.01 117.65 7.55 0.81 0.002
CO-05-03 158.65 186 27.35 0.63 0.003
CO-05-04 62 78 16 0.47 0.006
114.2 212 97.8 0.61 0.008
Including 116 184 68 0.73 0.009
CO-05-05 0 12 12 0.55 0.001
50 160 110 0.87 0.011
Including 56 128 72 1.10 0.012
CO-05-06 56 68 12 0.67 0.029
CO-05-06 144 202 58 1.44 0.008
CO-05-07 64 94 30 0.73 0.004
110 140 30 1.08 0.033
148 172 24 0.46 0.006

Note: All above holes are vertical.

Drill hole CO-05-05, at the south end of the 2005 drill area, contains an interval of 110 meters (50m - 160m) of 0.87% copper and 0.011% molybdenum within a mixture of chalcocite and primary copper sulfides in monzonite and skarn. This interval includes 72 meters (56m - 128m) of 1.1% copper and 0.012% molybdenum. Drill hole CO-05-01, at the north end of the 2005 drill area, contains 54 meters (80m - 134m) of 0.79% copper in chalcocite and 0.002% molybdenum beneath a leached cap of 80 meters. Hole CO-05-02, 300 meters south of CO-05-01, contains two significant chalcocite-bearing intervals, separated by 10 meters of oxidized and leached chalcocite blanket. The upper 16.55 meter interval (99.45m - 116m), contains 2.07% copper in chalcocite and 0.01% molybdenum beneath 99.45 meters of leached cap. The lower interval of 52 meters (126m - 178m) exhibits a grade of 0.68% copper in chalcocite and 0.007% molybdenum. The copper mineralization appears to be increasing in grade and thickness to the south.

The detailed drilling completed by Norsemont in 2005 has tested the chalcocite blanket and the primary copper sulfides of the Constancia zone for approximately 600 meters north-south. The 2005 surface geologic mapping and geochemical sampling, combined with Mitsui, Rio Tinto and Norsemont drilling, collectively suggest that the zone of secondary chalcocite and primary copper sulfides in the Constancia zone alone has dimensions north-south of over one kilometer and east-west dimensions ranging from 200 to over 800 meters. Higher grades and wider surface projections of the secondary chalcocite and primary copper sulfides seem to be associated with broad (200m - 400m wide) east-west trending fracture zones where they intersect a prominent north-south silicified zone, also several hundred meters in width. The average thickness of the partially eroded chalcocite blanket, as defined by Norsemont thus far in 2005, is in the range of 60 to 80 meters.

The Constancia Project is located between the Tintaya Mine of BHP Billiton and the Las Bambas copper project of Xstrata Resources. The principal purpose of this phase of drilling is provide sufficient data to produce a NI 43-101 Compliant Resource Estimate at the Constancia zone by infill and step-out drilling on 100 meter centres. This zone is only part of the large Constancia porphyry and skarn copper system, which also includes the San Jose zone one kilometre to the west. Rio Tinto previously reported an historical unclassified resource in the Constancia porphyry copper system of 189 million tonnes of 0.68% copper (0.5% copper cut-off) and 0.021% molybdenum (this resource has not been audited by NI 43-101 Standards and should therefore not be relied upon), based on the drilling of Rio Tinto and Mitsui, in both the Constancia zone and the San Jose zone. The 2005 drilling by Norsemont has to date suggested that the copper grades reported by Rio Tinto have been exceeded.

The initial drilling program and geological studies at the Constancia project are being supervised by Dr. Thomas A. Henricksen, P.Geo., Qualified Person as defined in NI 43-101. Core samples are cut with a diamond saw, with one-half of the core placed in sealed bags, and shipped to ASL Chemex Assay Labs in Lima, Peru. The program includes extensive Quality Control for assaying which includes the systematic use of standards, blanks, and field duplicate samples. Secondary laboratories are also used for check assaying.

Art C. Freeze, P. Geo., Director of Norsemont and Qualified Person as defined by NI 43-101 has reviewed and approved information contained in this news release.

A plan map and cross-section with drill hole locations will be available shortly on the Norsemont website at www.norsemont.com

Marc E. Levy Director & President The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or the accuracy of this release. We seek Safe Harbor. >>

SOURCE: Norsemont Mining Inc.

09/19/05
NORSEMONT ANNOUNCES FURTHER DRILL DATA ON THE AMATA PROJECT OF 2M @ 783 G/T AG & 2M @ 3.08% CU & 41.95M @ 61.3 G/T AG, 0.24 G/T AU

Norsemont Mining Inc. ("Norsemont") (TSX-V: NOM; Frankfurt: A0DQKK) is pleased to announce further details on its recently acquired Amata Silver-Gold-Copper project from Rio Tinto Mining and Exploration Ltd. ("Rio Tinto") (NYSE: RTP) as previously announced on September 9, 2005. Norsemont has acquired a 100% interest in the Amata Project (10,300 hectares) located 50km NE of Arequipa City in southern Peru.

The Amata high sulphidation epithermal system and associated porphyries are located in the Cordillera of southern Peru. Sampling of 3,078 rock chip and grab samples include anomalies grading up to 2,400 g/t of silver and up to 7.2 g/t of gold, to values below detection.

In 2002 and 2003 Rio Tinto completed a two-staged drill program consisting of 15 widely-spaced holes (within 2km), of which the most encouraging results include:

Cerro Amata:
AM-01 : 317.80m @ 31.7 g/t Ag, 0.11 g/t Au

Includes: 41.95m @ 61.3 g/t Ag, 0.24 g/t Au
48.10m @ 36.7 g/t Ag, 0.28 g/t Au

AM-02 : 100.25m @ 1.11% Cu, 0.16 g/t Au ,19.55 g/t Ag

AM-03 : 2m @ 3.08% Cu, 12.85 g/t Ag
2.35m @ 0.80% Cu, 22.5 g/t Ag

AM-04 : 118m @ 0.11 % Cu, 13.08 g/t Ag

Includes: 4m @ 52.45 g/t Ag

AM-05 : 2m @ 783 g/t Ag, 0.14% Cu

Tincachoca:
TQ-02: 26.8 m @ 2.6% Cu, 0.42 g/t Au, 45 g/t Ag

Tacune:
TN-01: 22.2m @ 0.047% Mo, 0.01 g/t Au
13.75m @ 0.039% Mo, 0.03 g/t Au
TN-02: 3.95m @ 0.09% Mo
TN-03: 64m @ 0.33 % Cu

Based on alteration mapping and surface geochemistry, six principal targets have been identified (Cerro Amata, Tincachoca, Cayrane, Tacune, Trinchera and Palcamayo) that vary from about 15 hectares (500 m x 300 m) to 120 hectares (1.2 km x 1 km) in size. The Cerro Amata target contains a central diatreme breccia body that has a surface dimension of approximately 600 x 300 m. North of Palcamayo and the Apacheta (7th target) sector are yet to be explored. Norsemont believes there is potential to expand the zones of mineralization and identify additional zones of high grade precious metals in the epithermal lithocap or copper in the underlying porphyry.

The oldest rocks in the area correspond to rocks of the coastal batholith (544Ma) which are overlain by Yura group sediments. The prospect is situated within the volcanic complex of Cerro Blanco-Cerro Saltaoco in the Barroso group (Pleistocene) which border the batholith and overly the Yura group. The prospect was identified during the follow up of TM colour anomalies. The anomaly corresponded to a large volcanic complex with four volcanic edifices aligned NE-SW over an area of 10 x 4km. Yanacocha Au-Ag district (Yanacocha Mine in northern Peru) and Amata district are similar systems, showing characteristics of epithermal Au and Ag in the upper levels and underlying porphyry Cu. Both are upper Tertiary age deposits with similar structural controls.

Norsemont continues to make substantial progress with the 2005 drill program at its flagship Constancia project. Norsemont is also pleased to announce it has acquired additional data with regards to the previous drilling Mitsui conducted in the San Jose high grade zone. To date, ten diamond drill holes have been completed. Core samples have been sent to the ALS Chemex laboratory in Lima, Peru, for analysis, and results will be released as they are made available and reviewed by Norsemont's geological team.

Information contained in this release has been reviewed by Dr. Thomas Henricksen P. Geo., Norsemont's Consulting Geologist and Qualified Person as defined by NI 43-101.

Marc E. Levy Director & President The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or the accuracy of this release. We seek Safe Harbor.

SOURCE: Norsemont Mining Inc.

09/08/05
NORSEMONT ACQUIRES HIGH GRADE SILVER-GOLD-COPPER PROJECT FROM RIO TINTO

Norsemont Mining Inc. ("Norsemont") (TSX-V: NOM & OTCBB: NOMFF) is pleased to announce that it has signed a Letter Agreement with Rio Tinto Mining and Exploration Ltd. ("Rio Tinto") (NYSE: RTP) whereby Norsemont has acquired a 100% interest in 13 mineral properties known as the Amata Project in southern Peru, subject to approval by the TSX Venture Exchange.

The Amata Project consists of 10,300 hectares and is located 50 km northeast of Arequipa City in the Coalaque district in the department of Moquegua, Peru. The project area contains the Amata high sulphidation epithermal system and associated porphyries located in the Cordillera of southern Peru. Sampling of 3,078 rock chip and grab samples include anomalies grading up to 2,400 g/t of silver and up to 7.2 g/t of gold, to values below detection.

In 2002 and 2003 Rio Tinto completed a two-staged drill program consisting of 15 widely-spaced holes (within 2km), of which the most encouraging results include:

Cerro Amata: AM-01: 317.80 m @ 31.7 g/t Ag, 0.11 g/t Au AM-02: 100.25 m @ 1.11% Cu, 0.16 g/t Au, 19.55 g/t Ag Tincachoca: TQ-02: 26.8 m @ 2.6% Cu, 0.42 g/t Au, 45 g/t Ag

Not all the targets within the prospect area have been tested. Those targets that have been tested have only been tested with very widely spaced drill holes. Norsemont believes there is potential to expand the zones of mineralization and identify additional zones of mineralization.

Due to the immense size of the property (10,300 ha), Norsemont plans to re-evaluate the targets within the prospect area identified by Rio Tinto. It is the Company's opinion that a more detailed grid mapping program would help to better understand the success of the previous drill holes. A program of mapping, trenching and sampling is being planned.

"Our partnership with Rio Tinto has allowed us the opportunity to acquire this very attractive project. Norsemont is very excited to have the opportunity to explore Amata which has existing high grade silver and copper mineralization" said Marc Levy, President and CEO of Norsemont Mining Inc., "The Amata project is an excellent addition to our property portfolio and demonstrates our commitment towards building a first class mining company."

The prospect was initially identified during the follow-up of thematic mapping anomalies which corresponded to a large volcanic complex with four volcanic edifices aligned NE-SW. Detailed geological mapping, systematic rock chip sampling and ground magnetics identified a large 10 x 4 km area of pervasive epithermal-style alteration with underlying porphyry intrusives in a setting similar to the Yanacocha Mine in northern Peru.

Alteration is typical of high sulphidation epithermal systems and characterized by extensive zones of vuggy silica and hydrothermal breccias bordered by zones of advanced argillic and propylitic alteration. Based on alteration mapping and surface geochemistry, six principle targets have been identified (Cerro Amata, Tincachoca, Cayrane, Tacune, Trinchera and Palcamayo) that vary from about 15 hectares (500 m x 300 m) to 120 hectares (1.2 km x 1 km) in size. The Cerro Amata target contains a central diatreme breccia body that has a surface dimension of approximately 600 x 300 m. The Breccias are strongly anomalous in silver (up to 2,400 g/t) and gold (up to 7.2 g/t) and hold the potential for bulk mineable silver-gold resources. Information is based on a report acquired from Rio Tinto.

Norsemont plans to evaluate the known geology, alteration and structure in light of the existing drill intercepts and sampling of 3,078 rock chip and grab samples include anomalies grading up to 2,400 g/t of Ag and up to 7.2 g/t of Au, to values below detection.

Management remains excited about its progress to date at its flagship Constancia project and is pleased to confirm a second drill rig is currently on site and drilling the newly identified areas of mineralization as previously announced on August 29, 2005. The addition of the Amata property gives us a truly first class portfolio of Peruvian resource assets.

A finder's fee will be payable in connection with this transaction.

Information contained in this release has been reviewed by Dr. Thomas Henricksen P. Geo., Norsemont's Consulting Geologist and Qualified Person as defined by NI 43-101.

Marc E. Levy Director & President The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or the accuracy of this release. We seek Safe Harbor.

SOURCE: Norsemont Mining Inc.

Marc E. Levy Director & President Phone: (604) 669-9788, Fax: (604) 669-9768, E-Mail: investors@norsemont.com, www.norsemont.com
Copyright (C) 2005 CNW Group. All rights reserved.

09/08/05
NORSEMONT ACQUIRES HIGH GRADE SILVER-GOLD-COPPER PROJECT FROM RIO TINTO

Norsemont Mining Inc. ("Norsemont") (TSX-V: NOM & OTCBB: NOMFF) is pleased to announce that it has signed a Letter Agreement with Rio Tinto Mining and Exploration Ltd. ("Rio Tinto") (NYSE: RTP) whereby Norsemont has acquired a 100% interest in 13 mineral properties known as the Amata Project in southern Peru, subject to approval by the TSX Venture Exchange.

The Amata Project consists of 10,300 hectares and is located 50 km northeast of Arequipa City in the Coalaque district in the department of Moquegua, Peru. The project area contains the Amata high sulphidation epithermal system and associated porphyries located in the Cordillera of southern Peru. Sampling of 3,078 rock chip and grab samples include anomalies grading up to 2,400 g/t of silver and up to 7.2 g/t of gold, to values below detection.

In 2002 and 2003 Rio Tinto completed a two-staged drill program consisting of 15 widely-spaced holes (within 2km), of which the most encouraging results include:

Cerro Amata: AM-01: 317.80 m @ 31.7 g/t Ag, 0.11 g/t Au AM-02: 100.25 m @ 1.11% Cu, 0.16 g/t Au, 19.55 g/t Ag Tincachoca: TQ-02: 26.8 m @ 2.6% Cu, 0.42 g/t Au, 45 g/t Ag

Not all the targets within the prospect area have been tested. Those targets that have been tested have only been tested with very widely spaced drill holes. Norsemont believes there is potential to expand the zones of mineralization and identify additional zones of mineralization.

Due to the immense size of the property (10,300 ha), Norsemont plans to re-evaluate the targets within the prospect area identified by Rio Tinto. It is the Company's opinion that a more detailed grid mapping program would help to better understand the success of the previous drill holes. A program of mapping, trenching and sampling is being planned.

"Our partnership with Rio Tinto has allowed us the opportunity to acquire this very attractive project. Norsemont is very excited to have the opportunity to explore Amata which has existing high grade silver and copper mineralization" said Marc Levy, President and CEO of Norsemont Mining Inc., "The Amata project is an excellent addition to our property portfolio and demonstrates our commitment towards building a first class mining company."

The prospect was initially identified during the follow-up of thematic mapping anomalies which corresponded to a large volcanic complex with four volcanic edifices aligned NE-SW. Detailed geological mapping, systematic rock chip sampling and ground magnetics identified a large 10 x 4 km area of pervasive epithermal-style alteration with underlying porphyry intrusives in a setting similar to the Yanacocha Mine in northern Peru.

Alteration is typical of high sulphidation epithermal systems and characterized by extensive zones of vuggy silica and hydrothermal breccias bordered by zones of advanced argillic and propylitic alteration. Based on alteration mapping and surface geochemistry, six principle targets have been identified (Cerro Amata, Tincachoca, Cayrane, Tacune, Trinchera and Palcamayo) that vary from about 15 hectares (500 m x 300 m) to 120 hectares (1.2 km x 1 km) in size. The Cerro Amata target contains a central diatreme breccia body that has a surface dimension of approximately 600 x 300 m. The Breccias are strongly anomalous in silver (up to 2,400 g/t) and gold (up to 7.2 g/t) and hold the potential for bulk mineable silver-gold resources. Information is based on a report acquired from Rio Tinto.

Norsemont plans to evaluate the known geology, alteration and structure in light of the existing drill intercepts and sampling of 3,078 rock chip and grab samples include anomalies grading up to 2,400 g/t of Ag and up to 7.2 g/t of Au, to values below detection.

Management remains excited about its progress to date at its flagship Constancia project and is pleased to confirm a second drill rig is currently on site and drilling the newly identified areas of mineralization as previously announced on August 29, 2005. The addition of the Amata property gives us a truly first class portfolio of Peruvian resource assets.

A finder's fee will be payable in connection with this transaction.

Information contained in this release has been reviewed by Dr. Thomas Henricksen P. Geo., Norsemont's Consulting Geologist and Qualified Person as defined by NI 43-101.

Marc E. Levy Director & President The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or the accuracy of this release. We seek Safe Harbor.

SOURCE: Norsemont Mining Inc.

Marc E. Levy Director & President Phone: (604) 669-9788, Fax: (604) 669-9768, E-Mail: investors@norsemont.com, www.norsemont.com
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