Announcement • Feb 20
Norsemont Mining Inc. Announces Drilling Program Update at Choquelimpie Norsemont Mining Inc. announced the completion of the first seven holes of the Phase 3 drill program, for a total of 1,650 meters. The drilling has provided important data for the extension of higher-grade zones, to depth. The 'Altiplano Winter' weather pattern, an annual event, has necessitated that drill operations be postponed. Norsemont is planning for the weather conditions to be such that drilling operations can resume in April 2026 to complete the Phase 3 drill program of 20 DDH holes for 5,000 meters total. Drill samples for the 2025 drill program have been submitted to the laboratory. Results have been initially received for two holes, although some intervals with initial 'over-limit' results remain to be re-assayed. Partial results also have been received for additional holes. Planning and permitting for a more extensive Phase 4 program in 2026 is underway. The 2025 Phase 3 drill campaign at Choquelimpie has successfully evaluated the down-dip extensions of higher-grade gold mineralization (>1 gram/tonne Au) hosted within hydrothermal breccia zones. Seven holes (7) core holes, for a total of approximately 1650 meters have been completed. Downhole surveys have been conducted by DV Drilling utilizing a Devic Gyroscope. All split drill core samples for the drilling have been shipped to Activation Geological Services SpA (AGS) for geochemical analysis. The samples have been prepared at the AGS facility located in Antofagasta Chile and are being analyzed at the AGS geochemical laboratory, located at Coquimbo, Chile. The laboratory has an ISO 17025 certification. The gold grades are being determined by fire assay (AGS code AU-FA30). Drill intervals that have some degree of oxidation are also being analyzed by the cyanide-soluble gold method (AUCN). The samples are also being analyzed for 60 elements, including silver, by mass spectrometer (MS TD60). In addition, silver and specific base metals are being re-assayed by atomic absorption for samples where the initial value for a particular element is greater than the limit of accuracy ("over-limit") for that method. The overlimit value for: silver is 100 ppm, copper is 10,000 ppm, lead is 5,000 ppm and zinc is 10,000 ppm. MV25-DD01 Assay results have been received for DD01, although some intervals with initial "over-limit' results remain To be re-assayed. The hole intersected the Vizcacha hydrothermal breccia: dacite porphyry fragments in dark- gray hydrothermal matrix. Block model grades in g/t Au & 4) Block model display filtered to > 0.20 g/t Au. The Phase 3 exploration program was supervised by Roman Flores, a Persona Calificada (Q.P.) with the Commission Minera Chile. Board Change • Jan 11
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 4 non-independent directors. Independent Director Mijael Thiele was the last independent director to join the board, commencing their role in 2024. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Jan 09
Norsemont Mining Inc. Announces CFO Changes Norsemont Mining Inc. announced the appointment of Charles Ross as Chief Financial Officer. Charles Ross replaces Kulwant Sandher as CFO. 
