The Company Announces Appointment of Bill Koutsouras to Board of Directors

NORSEMONT MINING INC.

Suite 610, 700 West Pender Street

Vancouver, BC, V6C 1G8

Phone: 604-669-9788

NEWS RELEASE

NORSEMONT ANNOUNCES APPOINTMENT OF BILL KOUTSOURAS TO

BOARD OF DIRECTORS

Vancouver, B.C., July 28, 2020 – Norsemont Mining Inc. (CSE:NOM) (CNSX:NOM.CN) (OTCQB:NRRSF) (FWB:LXZ1)

("Norsemont" or the "Company") is pleased to announce the appointment of Bill Koutsouras to the Board of Directors.

Mr. Koutsouras is the principal of Kouts Capital since 2011, an independent investment company and consulting firm

providing corporate finance related assistance to vari ous public and private companies, including strategic advice,

introduction to capital providers and transaction structuring and implementation. Previously, Mr. Koutsouras spent

10 years as the Executive Vice President, Chief Financial Officer and a Directo r of Endeavour Financial Corporation, a

mining focused merchant bank. His responsibilities included, financial advisory mandates, investment related services

and the financial management and operation of the Endeavour group of companies where he was involv ed in over

$25 billion of M&A transactions and in raising in excess of $4 billion of financing for junior/mid -tier resource

companies. He was also one of the original executives involved in the creation of Endeavour Mining, a gold producer

in West Africa. Mr. Koutsouras has extensive experience as a non-executive director of public and private companies.

He is currently Chairman of Wheaton Precious Metals International, a subsidiary of Wheaton Precious Metals Corp.,

Chairman of Aton Resources, Lead Director at Galaxy Digital Holdings and a Director of Endeavour Financial

Corporation. Mr. Koutsouras is a Chartered Professional Accountant and Chartered Financial Analyst and is a member

of the Chartered Professional Accountants of Canada and the CFA Institute.

"Bill Koutsouras is a dynamic leader and entrepreneur with extensive mining industry experience and in -depth

knowledge of the capital markets," commented Al Larmour, CEO of Norsemont. "His exceptional track record of

financing and transforming mining comp anies will be very valuable to the Company as it continues to grow and

develop. We are very pleased to welcome Bill to the Board and look forward to working with him."

In connection with Mr. Koutsouras appointment, the Company has granted 250,000 options to Mr. Koutsouras

pursuant to the Company's stock option plan. The options are exercisable at $1.94 per share for a period of five years

and will vest in eight equal tranches.

On behalf of the Board of Directors,

NORSEMONT MINING INC.

Allan Larmour

CEO

For more information, please contact the Company at:

Telephone: (604) 669-9788; Facsimile: (604) 669-9768

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 the information contained herein.