Brian Kerzner joins Norsemont (TSX-V: NOM) as Director

VANCOUVER, Aug. 24 /CNW/ - Norsemont Mining Inc. ("Norsemont") is pleased
to announce Mr. Brian Kerzner has been appointed to the Board of Directors,
effective immediately. The addition of Mr. Kerzner to the team will provide
Norsemont with extensive experience in the areas of strategy, acquisitions,
corporate finance and provide a broad network of high profile contacts
throughout North America.
Mr. Kerzner has over 20 years of experience as a successful entrepreneur
in retailing and real estate. Mr. Kerzner is the Founder and President of
Rocky Mountain Chocolate Factory Canada Inc. which operates retail chocolate
stores from coast to coast. He has also founded several other private
companies that have completed extensive residential and commercial
developments in Toronto, Phoenix, Whistler and Vancouver.
Mr. Kerzner has been extensively involved in providing seed capital for
many successful public and private companies in the resource, environmental
and technology sectors. Mr. Kerzner is an Honors graduate of the University of
Toronto Bachelor of Commerce (B.Com) program. He is also a member of the BC
Children's Hospital Circle of Care and is actively involved in many other
charitable organizations.
"Mr. Kerzner has made a significant investment in Norsemont and we are
pleased to have someone of his caliber join our Board of Directors," stated
Marc E. Levy, President & CEO. "Norsemont has consistently achieved its
corporate objectives in a timely manner. This has attracted the interest of
leaders in the business community such as Mr. Kerzner."
Richard Gillard has stepped down as a director of the company effective
immediately. Mr. Gillard played a role in helping to rebuild the company and
will be available on a consultative basis when required. The Norsemont team
wishes to thank him for his time and dedication to the success of Norsemont.
Norsemont management is pleased to announce to shareholders and partners
that over 400,000 previously granted stock options issued at significantly
lower levels are now being issued near recent levels. This will result in an
extra $383,000 to Norsemont's treasury upon eventual vesting and exercise.
Norsemont Management continues to work in the best interest of shareholders as
evidenced by the re-pricing of these options.

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