Norsemont Mining Secures Final $600,000 from Paul Matysek in Private Placement, Totaling Over $6 Million

Norsemont Mining Inc. has completed the final tranche of a non-brokered private placement, with strategic investor Paul Matysek participating in an additional round of financing. The company raised CAD $600,000 through the issuance of 1,000,000 units at CAD $0.60 per unit, bringing the total gross proceeds from the offering to $6,079,199.40. Each unit consists of one common share and one-half of one warrant, with each full warrant entitling the holder to acquire one common share at CAD $0.75 for two years from the closing date.

The financing has attracted support from prominent industry figures, including Rob McEwen, Crescat Capital, Dr. Quinton Hennigh, and Larry Lepard, with Matysek's participation seen as a significant endorsement of Norsemont's vision. CEO Marc Levy stated that this backing positions the company to advance drilling, metallurgy, and engineering at the Choquelimpie Gold-Silver-Copper project in northern Chile, moving toward a production scenario that could unlock substantial value for stakeholders.

Proceeds from the offering are anticipated to fund a phase 3 drill program at Choquelimpie, targeting the copper porphyry zone, high-grade gold zones, oxide/leachable gold zone, and metallurgy, along with general working capital. The project, located in a region known for hosting some of the world's largest ore deposits, has an initial mineral resource estimate of 2,184,000 indicated gold equivalent ounces and 557,000 inferred gold equivalent ounces.

Paul Matysek emphasized the project's potential, noting that while only a small portion of the upper epithermal system was historically mined, the broader potential along strike and at depth remains largely unexplored. He expressed confidence that a disciplined drill campaign could rapidly expand the existing gold and silver resources, positioning Choquelimpie for near-term production in a strong gold market. The securities offered are subject to hold periods, with Canadian investors facing a four-month and one-day hold period from issuance, and U.S. investors subject to additional federal and state securities laws.

The offering complies with CSE policies, and the securities have not been registered under the U.S. Securities Act of 1933, meaning they may not be offered or sold within the United States without registration or an applicable exemption. This financing round underscores growing investor interest in mineral projects with significant exploration upside and existing infrastructure, such as roads, power, water, camp, and a 3,000-tonne-per-day mill at Choquelimpie.