Norsemont Mining Closes $350,000 Private Placement

Vancouver, British Columbia — October 3, 2025 — Leads & Copy — Norsemont Mining Inc. (CSE: NOM, OTC: NRRSF, FWB: LXZ1) has announced the closing of a non-brokered private placement, raising CAD $350,000 through the issuance of 3,500,000 share purchase warrants at CAD $0.10 each. Each warrant allows the holder to purchase one common share at CAD $0.59 for five years. If all warrants are exercised, the company would raise an additional $2,065,000.

The warrants are subject to an accelerated expiry if the company's shares trade at or above CAD $1.00 for 10 consecutive trading days after a four-month restricted period. Proceeds from the offering will fund general working capital and mineral exploration at the Choquelimpie Gold-Silver-Copper project.

All warrants and shares issued upon exercise are subject to a four-month restricted period. Detailed information about the offering is available on the CSE website under Norsemont Mining's profile. This announcement does not constitute an offer to sell securities in the United States.

Marc Levy, CEO & Chairman

Investor Relations: Paul Searle (778) 240-7724

Source: Norsemont Mining Inc.