Norsemont Provides Choquelimpie Drilling Update

About this update from Norsemont Mining Inc.

VANCOUVER, BC / ACCESS Newswire / July 2, 2026 / Norsemont Mining Inc. (CSE:NOM)(OTCQX:NRRSF)(FWB:LXZ1) ("Norsemont" or the "Company") is pleased to announce an update on our 2026 phase III drill program. Nine (9) holes, for a total of 2,187.15 meters (Figure 1 & Table 1), have been drilled year-to-date on the Choquelimpie project. These holes have been designed to both step-out and offset from identified mineralized intercepts. Highlights Management Comments Norsemont CEO, Marc Levy commented: "Phase III drilling continues to advance our understanding of the multi‑zone gold‑silver system at Choquelimpie. The Phase III program has expanded mineralization across multiple zone areas, and early results are helping refine the geometry of key breccia bodies and associated porphyry‑style mineralization. As additional assays come in, we are steadily improving the 3D model of the system and identifying new offset opportunities for follow‑up drilling. With multiple mineralization styles confirmed and active work underway on geological, geophysical, and metallurgical studies, Choquelimpie continues to demonstrate strong resource expansion potential which will drive project growth." Drill Program Update Two (2) of the holes (DD-09 & 10) have further explored the Choque Zone, one (1) the Suri Zone (DD-08), three (3) the Vizcacha Zone (DD-11, 12 & 13), one (1) the Hundimiento Zone (DD14), and two (2) holes for the Espanola Zone. Holes MV26-DD-15 and DD-18 are currently in progress, further exploring the Choque and Suri Zones. Assays from the Phase 3 2026 drilling program will be reported once available.

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