Norsemont Capital Inc. Announces Closing of Second Tranche Private Placement

NORSEMONT CAPITAL INC. CLOSES SECOND TRANCHE OF

NON-BROKERED PRIVATE PLACEMENT

Vancouver, B.C., June 14, 2019 – Norsemont Capital Inc. (CSE: NOM, OTC: NRRSF, FWB: LXZ1)

(“Norsemont” or the “ Company”) is pleased to announce it has closed the second tranche of a non-

brokered private placement issuing a total of 150,000 units (a “Unit”) at a price of $0.30 per Unit for gross

proceeds of $45,000.00 (the “Private Placement”).

Each Unit consisted of one common share in the capital of the Company (each, a “Share”) and one-half of

one transferable common share purchase warrants (a “ One-Half Warrant” and each whole warrant, a

“Warrant”).

The Warrant entitles the holder thereof to acquire one Share (each, a “Warrant Share”) at a price of $0.40

per Warrant Share until 5:00 p.m. (Vancouver time) on or before June 13, 2020, subject to an acceleration

provision whereby if the common shares of the Company trade at a price on the Canadian Securities

Exchange (or such other exchange on which the common shares may be traded at such time)

(the “Exchange”) of $0.60 or greater per Share for a period of 10 consecutive trading days after four

months and one day from the closing of the Offering (the “ Closing”), the Company may accelerate the

expiry of the Warrants by giving notice to the holders thereof (by disseminating a news release advising

of the acceleration of the expiry date of Warrants) and, in such case, the Warrants will expire on the 31st

day after the date of such notice.

Proceeds from the Private Placement will be used for general working capital, corporate and

administrative purposes.

The securities distributed pursuant to the Private Placement are subject to a statutory hold period of four

months and one day that expires on October 14, 2019. No fees were paid in connection to this Private

Placement.

On behalf of the Board of Directors,

NORSEMONT CAPITAL INC.

Al Larmour

Chief Executive Officer, Director

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.