Norsemont Commences Drill Program at Choquelimpie Project

(TheNewswire)

Vancouver, B.C. - TheNewswire - November 14, 2025 – NorsemontMining Inc. (CSE: NOM, OTC: NRRSF, FWB: LXZ1) ( “ Norsemont ” or the “ Company ”) is pleased to announce the commencement ofits Phase 3exploration drill program at the100%-owned Choquelimpie high-sulfidationgold-silver-copper project in northern Chile. The program willcomprise up to 5,000 meters of diamond drilling(“DDH”) utilizing two (2) diamond drillrigs , with drilling scheduled to beginimmediately and continue through late December.

Highlights

• The first diamond drill rig iscurrently on site, with the second rig expected toarrive next week.

• The Phase 3 program includes up to 20 diamond drill holes ,totaling approximately 5,000 meters

• Drilling will test extensions of higher-grade hydrothermal brecciabodies at depth, below the currentmineral resource envelope.

Management Comments

Norsemont CEO Marc Levy commented:

“We are very excited to launch Phase 3 drilling atChoquelimpie, where our recent work has highlighted significantpotential for higher-grade gold zones at depth beneath the currentresource and along strike. This high impact program will betesting higher grade mineralization at depth in several zones such asChoque, Vizcacha and Suri. The program marks animportant step forward as we continue to define the scale andcontinuity of mineralization across the project. With two rigs onsite, we expect steady progress and consistent news flow over thecoming months.”

The Phase 3 Drill Program

The Phase 3 drill campaign at Choquelimpie is designedto evaluatedown-dip extensions of high-grade goldmineralization hosted within hydrothermal breccia zones . The program will comprise up to 20 holes averaging 250 meters in length .

Norsemont, through its wholly owned Chileansubsidiary SCMVilacollo , has engaged DV DrillingLtd. of Coquimbo, Chile, to conduct theprogram. DV Drilling will mobilize two (2) Longyear LF230track-mounted diamond drill rigs , whichwill operate on a 24-hour schedule throughout thecampaign.

Historical production at Choquelimpie during the period of 1988to 1996 focused primarily on oxidizednear-surface mineralization between 20 and 100 m depth, depending inthe type of rock, alteration and mineralogy. Consequently, much of theexploration at the Project focused on this near surface oxide resourcewithout testing the deeper, potentially larger, sulphide resource. The Phase 3 drill program aims tosystematically assess this deeper resource potential by targeting thegeometry of the higher-grade breccia bodies.

Qualified Person

David Flint, MSc, AIPG-CPG, and Chief Geologist ofNorsemont Mining Inc.; a qualified person as defined in NI 43-101, hasreviewed and approved the technical information in this pressrelease.

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 bankable feasibility, withan initial mineral resourceestimate released in April 2025 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

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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 such words and phrases orstatements that certain actions, events or results "may","could", "should", "would" or"occur". This information and these statements, referred toherein as "forward?looking statements", are not historicalfacts, are made as of the date of this news release and includewithout limitation, statements regarding discussions of future plans,estimates and forecasts and statements as to management'sexpectations and intentions with respect to, among other things, theOffering and entry into the marketing 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 Offering and marketing agreements contemplated hereinand, with respect to the Offering, risks adverse to the capitalmarkets, the mining industry, and investor support. 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 andreceive market interest to close the Offering on the termsherein.

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.

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