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NOM.CN ·

Norsemont Appoints Ariel Tepperman to Its Board

Corporate Updates

NORSEMONT MINING INC.

Suite 500, 666 Burrard Street

Vancouver, BC, V6C 3P6

Phone: 778-240-7724

NORSEMONT APPOINTS ARIEL TEPPERMAN TO ITS BOARD

Vancouver, B.C., August 17, 2026 – Norsemont Mining Inc. (CSE: NOM, OTCQX: NRRSF , FWB: LXZ1)

(“Norsemont” or the “Company”) announces the appointment of Ariel Tepperman to its Board of

Directors, eMective immediately.

Mr. Tepperman is based in the UK and brings over 20 years of international corporate finance

experience including M&A advisory, capital raising and strategic advice to management teams and

Board of Directors. He has worked with companies involved in the extraction and exploration of

precious & base metals, critical minerals and bulk commodities.

Ariel is currently Head of Advisory at Lionhead Capital, a global private investment and advisory

firm with deep sector expertise and primarily focused on alternative investments across natural

resources, real estate and private equity. He is formerly Head of Metals and Mining at Gneiss Energy

and prior to this held senior positions at NRG Capital Partners, Macquarie Capital and RBC Capital

Markets.

Ariel holds a B.Com. (High Distinction) with a specialist in Finance and Economics from the

University of Toronto.

Management Comments

CEO Marc Levy said:

“As we continue building our world-class mining team with deep large-scale project experience,

Ariel’s capital markets and significant mining expertise will be a strong asset to the Company and

to the advancement of Choquelimpie towards production. His vast network and experience in

Europe will help broaden our exposure. We are excited to welcome him to the Board of Directors

and look forward to his contributions. ”

Qualified Person

David Flint, MSc, AIPG-CPG, Chief Geologist of Norsemont Mining Inc. and a Qualified Person as

defined by NI 43-101, has reviewed and approved the technical information in this press release.

On Behalf of the Board,

NORSEMONT MINING INC.

Marc Levy

CEO & Chairman

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About Norsemont Mining Inc.

Norsemont Mining is led by an experienced team of natural resource professionals focused on

advancing its flagship Choquelimpie Gold-Silver-Copper project through to feasibility. The

project is the basis of a Technical Report filed by the Company on May 16, 2025, and available at

www.sedarplus.ca which hosts:

• Indicated Resources: 81.9 Mt @ 0.66 g/t Au (1,731,000 oz Au) and 12.6 g/t Ag

(33,233,000 oz Ag)

• Inferred Resources: 25.3 Mt @ 0.55 g/t Au (446,000 oz Au) and 8.9 g/t Ag (7,219,000

oz Ag)

Choquelimpie is a past-producing mine with over 1,720 drill holes and substantial existing

infrastructure, including roads, power, water, camp facilities, and a previously operational

3,000-tpd mill. Norsemont is committed to responsible, sustainable development and modern

exploration practices to unlock further value for shareholders and stakeholders.

For more information, please contact the Company at: [email protected]

Investor Relations: Paul Searle (778) 240-7724

Follow Norsemont Mining:

Twitter: @norsemont

LinkedIn: @norsemontmining

Facebook: @norsemontmining

YouTube: @norsemontmining

Forward-Looking Statements

Cautionary Note Regarding Forward-Looking Statements: This release includes certain statements

and information that may constitute forward-looking information within the meaning of applicable

Canadian securities laws. Forward-looking statements relate to future events or future performance

and reflect the expectations or beliefs of management of the Company regarding future events.

Generally, forward-looking statements and information can be identified by the use of forward-

looking terminology such as "intends" or "anticipates", or variations of such words and phrases or

statements that certain actions, events or results "may", "could", "should", "would" or "occur". This

information and these statements, referred to herein as "forward-looking statements", are not

historical facts, are made as of the date of this news release and include without limitation,

statements regarding future plans, estimates, development and advancement of the project and the

creation of shareholder value.

These forward-looking statements involve numerous risks and uncertainties, and actual results

might differ materially from results suggested in any forward-looking statements. These risks and

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uncertainties include, among other things, permitting and regulatory risks with respect to

advancement of the project, capital market risks and the ability of the Company to raise the capital

necessary to fund continued advancement, risks associated with mineral exploration and

development in general, risks related to fluctuating prices for gold, silver and copper, and

environmental and geo-political risks.

Although management of the Company has attempted to identify important factors that could cause

actual results to differ materially from those contained in forward-looking statements or forward-

looking information, there may be other factors that cause results not to be as anticipated, estimated

or intended. There can be no assurance that such statements will prove to be accurate, as actual

results and future events could differ materially from those anticipated in such statements.

Accordingly, readers should not place undue reliance on forward-looking statements and forward-

looking information. Readers are cautioned that reliance on such information may not be

appropriate for other purposes. The Company does not undertake to update any forward-looking

statement, except as required by applicable securities laws