NORSEMONT Announces Engagement of Paradox for Investor Relations Services

Vancouver, BC – TheNewswire – May 17and2022 – Norsemont Mining Inc. (CST: NAME), (OTC:NRRSF), (FWB:LXZ1) (Norsemont” or the Company“) has retained Paradox Public Relations Inc. to provide investor relations services, effective immediately. Paradox is a seasoned boutique investor relations firm based in Montreal, Quebec with over 20 years of industry experience.

Paradox was engaged to help with, among other things, marketing to the investment community to raise awareness Norsemont, commercialization of their proprietary investment database and coordinate physical and online roadshows and presentations with interested parties, including brokers, funds, family offices and high net worth investors. In addition, they will provide advice on our marketing materials and strategies.

Marc Levy, CEO of Norsemont, said: “We are delighted to have Paradox join our team and broaden our exposure to the investment community. They have over 2 decades of industry experience and we look forward to working closely with them.

Paradox will provide services for an initial engagement term of thirty-six months and thereafter on a monthly basis. Cash compensation for their services will be $10,000 per month. Paradox is not affiliated with the company and has no interest, direct or indirect, in the company or its securities.

About Norsemont Mining Inc.

Norsemont is comprised of experienced natural resource professionals focused on growing shareholder value and developing its flagship project to bankability. Norsemont Mining owns a 100% interest in the Choquelimpie gold-silver project in northern Chile, a previously licensed gold and silver mine. Choquelimpie has over 1,710 boreholes, with significant existing infrastructure including roads, power, water, a camp and a 3,000 TPD plant.

On behalf of the Board of Directors,

NORSEMONT MINING INC.

Marc Levy

CEO and President

For more information, please contact the Company at:
Phone: (604) 669-9788; Fax: (604) 669-9768

Forward-looking information

This press release includes certain statements that are considered “forward-looking statements”. All statements in this release, other than statements of historical fact, that address events or developments that Norsemont expects to occur, are forward-looking statements. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words “expects”, “plans”, “anticipates”, “believes”, “intends”. , “estimates”, “projects”, “potential” and similar expressions, or that events or conditions “will”, “would”, “could”, “might” or “should” occur. Although the Company believes that the expectations expressed in these forward-looking statements are based on reasonable assumptions, these statements are not guarantees of future performance and actual results may differ materially from those in the forward-looking statements. Factors that could cause actual results to differ materially from those in the forward-looking statements include changes in raw material prices, mining and metallurgical recovery, operating and capital costs, currency exchange rates, capacity to obtain the required permits in a timely manner, successful exploitation and exploration, continued the availability of capital and financing; and general economic, market or business conditions. Investors are cautioned that such statements are not guarantees of future performance and that actual results or developments may differ materially from those projected in the forward-looking statements. Forward-looking statements are based on the beliefs, estimates and opinions of the Company’s management as of the date the statements are made. Except as required by applicable securities laws, the Company assumes no obligation to update these forward-looking statements if management’s beliefs, estimates or opinions, or other factors, should change.

Neither the Canadian Securities Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release. No stock exchange, securities commission or other regulatory authority has approved or disapproved of the information contained herein.

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