Norsemont (TSX-V: NOM) Retracts Resource Estimate for Constancia Project

VANCOUVER, May 9 /CNW/ - Norsemont Mining Inc. ("Norsemont") (TSX-V: NOM)
is issuing this new release at the request of the TSX Venture Exchange. In its
news release dated May 5, 2005 and in earlier news releases Norsemont
disclosed a resource estimate for the Constancia Copper-Gold-Moly porphyry
project in Peru. This resource estimate is not supported by a  National
Instrument 43-101 independent technical report, it has not been categorized
and has not been audited by independent qualified persons. The Company
retracts this estimate and cautions investors from relying upon this estimate.
Norsemont has submitted documentation to the TSX Venture Exchange for
approval of its non-brokered private placement financing of approximately
$3.2 million. The financing proceeds will be used primarily to fund the
company's anticipated work program on the Constancia project, for
investigation of asset acquisition activities and general working capital.

Paul Gill
Director

The TSX Venture Exchange has not reviewed and does not accept
responsibility for the adequacy or the accuracy of this release.
We seek Safe Harbor.