Norsemont Provides 2025 Year-End Update and Appoints New CFO
(TheNewswire)
Vancouver, B.C. - TheNewswire - January 9, 2026 –Norsemont Mining Inc. (CSE: NOM, OTC: NRRSF, FWB: LXZ1) (“Norsemont” or the “Company”) is pleasedto provide a corporate update highlighting 2025 milestones andupcoming initiatives at its 100%-owned Choquelimpie project innorthern Chile having recently raised $15 million from new andexisting strategic investors.
The Choquelimpie project is a past-producinggold-silver mine with historical heap leach production. On April 14,2025, the Company published its initial mineralresource estimate of 2,184,000 indicated gold-equivalent ounces and557,000 inferred gold-equivalent ounces in oxide stockpiles and deepersulfides. The project benefits from extensiveinfrastructure including power, water, road access, camp facilities,and a 3,000 tonne-per-day mill. positioning it for rapid advancementtoward production. Gold-Equivalent (AuEq) ounces(oz) have been calculated using a gold (Au) price of US$2,500/oz,silver (Ag) price of US$28/oz and copper (Cu) price of US$4.00/pound;and according to the following formula: AuEq oz = Au oz +(ozAg*AgPrice/AuPrice) + (CuGrade*CuPrice/AuPrice).
Marc Levy, CEO of Norsemont, commented:
“We are pleased to end the year with the necessary capital on handto advance the next stages of Choquelimpie towards an expandedresource and future production. We are in the planning stages of acomprehensive launch of our 2026 Phase 4 drill, environmental andmetallurgical programs as we advance Choquelimpie toward its nextstage of development. Looking ahead to 2026, our focus will shift toengineering and feasibility work, supported by continued team andboard expansion. With technical leadership and our strong geologicalfoundation, Norsemont is building a world-class team to advance thissignificant gold-silver-copper project.”
Development Strategy
Norsemont has a two-prongeddevelopment plan.
1)Finalize plan to processstockpiles.
2)Systematically drill and expandthe oxide and sulfide resources, while testing the copper porphyrypotential deeper in the system.
Current Work Programs
To accomplish these objectives theCompany is doing the following:
Oxide processing:
Develop a geological model for stockpiles and in-situoxides – In progress
Define metallurgical characteristics of the above –Inprogress
Assess state of existing plant and refurbish asnecessary – In progress
Evaluate structural controls on oxide mineralizationthrough drilling – Up coming
Sulfide resource:
Drill deeper high-grade targets, utilizing historicaldata to increase the sulfide resource – Up coming
Copper porphyry:
Further assess the identified copper and gold porphyrysystems situated below the sulfide gold mineralization –Up comingin 2026
Raised in excess of $22 million, primarily fromstrategic investors to fund drilling, permitting, environmentalstudies and metallurgical programs
Published our initial MRE resource estimatewith an indicated mineral resourceestimate of 1,730,000 gold ounces, and33,233,000 silver ounces and an inferred mineral resource of 446,000gold ounces and 7,219,000 silver ounces for Choquelimpie.
Participated and presented at Centurion One3rdAnnual Bahamas Summit
Conducted Phase 3 diamond drill program
Expanded advisory, technical and management team withkey appointments:
David Flint – Chief Geologist: Over 35 years ofexperience, including as VP Exploration at Allied Nevada Gold, wherehe contributed to the Hycroft Mine’s reserve expansion (10M oz Au,450M oz Ag). He also held a key role in the discovery and developmentof the Grasberg Deposit during his 20 years atFreeport-McMoRan.
Roman Flores – Lead Geologist, Chile: A QualifiedPerson with over 50 years of experience in Cu-Au-Ag-Fe exploration,including senior roles at Codelco, Bema Gold, Barrick Gold and othermajor firms.
Susan Liddle – appointment as General Manager CFONorsemont’s Chilean subsidiary, Sociedad Contractual MineraVilacollo (SCMV). She brings prior experience as CFO, Risk andResearch Manager, and Head of Corporate Management across national andinternational banks and investment firms. Over the past three yearswith the Company, she has built strong relationships with theregulators, the local community and key stakeholders.
Carolina Morgan – Environmental Permitting –Seasoned international project manager with extensive experienceleading environmental assessments, securing complex permits,coordinating multidisciplinary teams, and managing regulatory agenciesand community stakeholders for major energy and infrastructureprojects.
Charles Ross – CFO
Nikolas Matysek – Director of BusinessDevelopment
Paul Matysek – Strategic Advisor to the board CEO.
Technical and Regulatory Progress
Metallurgical Testing: Norsemont has engaged AGS Cotecna (www.agslab.cl) to conductmetallurgical assessments and support testing strategies. AGS Cotecnaserves clients including Antofagasta Minerals, Enami, Teck CDA, GoldFields Salares, and others, and was recently awarded the laboratorycontract for Minera Fénix (Rio2).
Permitting and EnvironmentalAdvisory: DAES Consultores (www.daesconsultores.cl) has beenretained to manage drilling approvals for 2025 and beyond, and toguide the regulatory pathway for future project development.
Plant Assessment: Process Minerals Consulting (PMC) (www.processminerals.cl) and AkronIngeniería (www.akron.cl) completed a site visit from September 30–October 5 to evaluate theprocessing plant and infrastructure.
Near-Term Objectives 2026 (Next 12 Months)
Commence 2026 Phase 4 drill program in Q2
Norsemont’s geological team to refine and prioritizedrill targets under the supervision of David Flint and Roman Flores.Planning and preparations are underway to initiate the 2026 Phase 4drilling program.
Test metallurgical samples, from stockpiles, previousdrilling and announce results Q1 and ongoing
Test the identified copper and gold porphyry systemssituated below the sulfide gold mineralization in Q2
Detailed Report on processing plant condition and coststo upgrade the plant in Q1
Publish 2025 drill program results in Q1
Expand the Norsemont team both technically andcorporately in Q1
Publish an updated 43-101 resource estimate inQ4
Produce a PEA on our existing oxide production plans inQ4
Commencing our Environmental Impact Assessment inQ1
Qualified Person
David Flint, MSc, AIPG-CPG, a qualified person asdefined in NI 43-101, has reviewed and approved the technicalinformation in this press release.
Appointment of Chief FinancialOfficer
Norsemont also announces the appointment of CharlesRoss as Chief Financial Officer. We would like to thank KulwantSandher for his services as CFO and wish him success in his nextendeavor.
Marketing Contracts
The Company is also pleased to announce it has enteredinto a service agreement dated January 9, 2026, with Native Ads Inc.(“Native Ads”), of 244 Fifth Avenue, Suite N-249, New York, NY 10001,USA (1-877-773-3540), to provide investor awareness and promotionalservices, subject to approval by the Canadian Securities Exchange (the"CSE"). The campaign is expected to commence in the firstquarter of 2026 and continue for a term of up to 12 months, or untilthe approved budget is fully expended. The principal of Native Ads isJon Malach.
Under the Agreement, Native Ads will conduct a digitalmedia and content distribution campaign intended to increase awarenessand understanding of the Company and its efforts. The campaign willinclude digital advertising across search engines, financialpublications, and financial websites. The Company has approved abudget of up to US$200,000 for these services.
The Agreement contains no performance-based factors,and Native Ads will not receive any equity as compensation. Native Adsand the Company are unrelated and unaffiliated entities, and at thetime of the Agreement, neither Native Ads nor its principals hold anydirect or indirect interest in the securities of the Company.
The contact information for Native Ads is asfollows:
244 Fifth Avenue, Suite N-249, New York, NY 10001
T: +1.877.773.3540
The Company further announces that it has entered intoa service agreement with Street Scope Media LLC. ("StreetScope") dated January 9, 2026,of 7901 4th Street N. STE 300, St Petersburg, Florida, 33702 USA(321-441-6545 or josh@streetscopemedia.com) pursuant to which StreetScope will provide a marketing campaign for a total retainer of upto US$200,000, with a term of up to 6 months or until the retainer isdepleted. Under the agreement, Street Scope will execute acomprehensive digital media advertising campaign for the Company,where the majority of the campaign budget will be allocated to costper click costs, media buying and content distribution, and searchengine marketing. The remaining budget will be allocated for contentcreation, web development, advertising creativedevelopment, search engine optimization, campaign optimization, andreporting and data insights services. Street Scope and its principalsare Scott Study and Joshua Cranmer and they are arm's length tothe Company and hold no interest, directly or indirectly, in thesecurities of the Company or any right to acquire such an interest.The engagement of Street Scope is subject to the approval of the CSE.
The Company further announces that it has entered intoa service agreement with Goldinvest Consulting GmbH (“Goldinvest”) acompany headquartered in Hamburg, Germany, dedicated to digitalmarketing services. The cost of the services provided by Goldinvest isEUR 35,000 for an eight-month term that will commence on January 15th,2026, the agreement between Goldinvest and the Company does notautomatically renew. Goldinvest can be reached at +49 171 99 65 380or redaktion@goldinvest.de. Goldinvest and the Company are unrelated and unaffiliatedentities. Goldinvest will provide marketing services to the Companythat include the production of editorials relating the Company’snoteworthy news updates, aggregation of in-house and externalcomments, articles, interviews, research, and papers relating to theCompany on Goldinvest ’s website, and the publication of interviewsand other videos about the Company on Goldinvest’s website andYouTube channel. Goldinvest currently holds 50,000 common shares and25,000 warrants in the Company.
On Behalf of the Board,
NORSEMONT MINING INC.
Marc Levy
CEO & Chairman
About Norsemont Mining Inc.
The Norsemont team comprises experienced naturalresource professionals focused on growing shareholder value anddeveloping its flagship project through to feasibility, with an indicated mineral resourceestimate of 1,730,000, gold ounces, and33,233,000 silver ounces and an inferred mineral resource of 446,000gold ounces and 7,219,000 silver ounces for itsChoquelimpie Gold-Silver-Copper project. Norsemont Mining owns a 100%interest in the Choquelimpie gold-silver-copper project in northernChile, a past producing gold and silver mine with significantexploration upside. Choquelimpie has over 1,710 drill holes, withsignificant existing infrastructure, including roads, power, water,camp and a 3,000-tonne-per-day mill. Norsemont is committed toresponsible and sustainable resource development, leveraging modernexploration techniques to unlock further value for allstakeholders.
For more information, please contact the Company at:psearle@norsemont.com
Investor Relations: Paul Searle (778) 240-7724
Follow NorsemontMining:
Twitter: @norsemont
LinkedIn:
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YouTube:
Neither the Canadian SecuritiesExchange nor its Regulation Services Provider (as that term is definedin the policies of the Canadian Securities Exchange) acceptsresponsibility for the adequacy or accuracy of this release. No stockexchange, securities commission or other regulatory authority hasapproved or disapproved the information contained herein.
Forward-LookingStatements
Cautionary Note RegardingForward-Looking Statements: This release includes certain statementsand information that may constitute forward-looking information withinthe meaning of applicable Canadian securities laws. Forward-lookingstatements relate to future events or future performance and reflectthe expectations or beliefs of management of the Company regardingfuture events. Generally, forward-looking statements and informationcan be identified by the use of forward-looking terminology such as"intends" or "anticipates", or variations of suchwords and phrases or statements that certain actions, events orresults "may", "could", "should","would" or "occur". This information and thesestatements, referred to herein as "forward?lookingstatements", are not historical facts, are made as of the date ofthis news release and include without limitation, statements regardingdiscussions of future plans, estimates and forecasts and statements asto management's expectations and intentions with respect to,among other things, future development and advancement of theproperty; ability to prepare updated resource reports and aPreliminary Economic Assessment; plans to advance and deepen itsexpertise with respect to its board and management teams; expectationsthat funds on hand will be enough to achieve the proposed projectadvancements; anticipated timelines on project development; andexpectations on timing, engagement and deliverables with respect tonewmarketing agreements.
These forward?looking statementsinvolve numerous risks and uncertainties, and actual results mightdiffer materially from results suggested in any forward-lookingstatements. These risks and uncertainties include, among other things,the Company not receiving the necessary regulatory approvals inrespect of the marketing agreements contemplated herein; risks relatedto mining, land claims, resources in general; political, permittingand geographic risks related to project development; and inability forthe Company to fund proposed development plans. In making theforward-looking statements in this news release, the Company hasapplied several material assumptions, including without limitation,that the Company will receive the necessary regulatory approvals andmining permits on a timely basis.
Mineral Resources are not MineralReserves and do not have demonstrated economic viability.
Although management of the Companyhas attempted to identify important factors that could cause actualresults to differ materially from those contained in forward-lookingstatements or forward-looking information, there may be other factorsthat cause results not to be as anticipated, estimated or intended.There can be no assurance that such statements will prove to beaccurate, as actual results and future events could differ materiallyfrom those anticipated in such statements. Accordingly, readers shouldnot place undue reliance on forward-looking statements andforward-looking information. Readers are cautioned that reliance onsuch information may not be appropriate for other purposes. TheCompany does not undertake to update any forward-looking statement,except as required by applicable securities laws.
Copyright (c) 2026 TheNewswire - All rights reserved.
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