Norsemont Mining Inc.

Mitsui and Rio Tinto put about $5 million into exploration. Rio Tinto had a historical resource when they did the deal with Norsemont. Over 5 years, Norsemont must spend $7.8 million US on exploration, pay $5 million in cash to Rio and issue Rio 1,250,000 shares to earn 51%. Norsemont can earn an additional 19% to bring their interest up to 70% by paying Rio an additional $8 million.

Once Norsemont has earned their 51%, Rio has 60 days to make a decision whether to clawback to 36% by paying back three times the money spent by Norsemont if the project is larger than 8.8 billion pounds at that time.

Rio obviously understood what investors don't get. $12 billion dollars worth of rock is worth something. Norsemont didn't get handed the keys to the candy story, they paid a fair price to get in the door. The price of copper has more than doubled; they have made nice increases to the resource and are in the midst of conducting a major drill program in the San Jose zone, which could easily add a billon pounds of copper to the resource.


I spent two days in Peru with Bob Baxter, President of Norsemont. He is the first person in the industry that I have talked to who actually has thought out the primary issue of mining a major copper/moly porphyry today. It's not the size or even the grade that matters; it's how soon you can get into production. At today's prices, every inch of ground on earth is either a prospective mine or it's good for nothing but raising moose. I've seen a dozen or more major systems. There is lots of copper around in the ground and I know there is 150 years production of moly identified.

Prices are high today reflecting both the destruction of the dollar and enormous demand from India and China. But supply and demand are laws written in rock. Today's prices are sucking metal out of the ground but one day there will be too much supply. When that day comes, and you are in the midst of the ribbon-cutting at your opening day ceremony, it won't matter how much metal you have, by the time the ends of the ribbon flutter to the ground, you will be closing up shop.

Bob Baxter and Norsemont get it. And Bob is cracking the whip to both increase the quantity and quality of his resource, but also to fast track that puppy to production. To the victor belong the spoils and to the swift go the high prices. Norsemont has a great system and the faster they get it into production, the more they stand to make.

By and large Norsemont is in the driver's seat. Mitsui would love to have an off-take agreement but that isn't part of the deal and Norsemont can ship their cons to whomever they wish. That's a giant lever for Norsemont to either nudge Mitsui into buying them out or to accept a buy-out of their 30% interest. Likewise, Rio was smart enough to have a clawback but it's not valid unless Norsemont more than doubles the resource. But copper doubling in price has exactly the same effect as doubling either the resource or the grade. Who on earth would have projected $4 copper two years ago? Well, in a way Norsemont did and whether through skill or just blind luck, they are sitting on a multi-billion dollar lottery ticket.

But no one is perfect. At the beginning, after Norsemont did the deal with Rio, the company focused on getting the story out. They got listed in Frankfurt and made sure the Europeans knew their story. It paid off in a big way and the stock was trading 200% higher 16 months ago. But Norsemont got lazy and started taking their shareholders for granted and shareholders bit back with a 66% decline.

There is no real reason for the decline, the resource is substantial, metal prices are strong and management is being very aggressive about fast-tracking the project to production. But we have a situation unmatched at any period in history. Every hard commodity is in shortage and there are 3,000 juniors out there begging for attention from a small and growing smaller group of loyal metal bugs. Until and unless the industry starts communicating its message to the great unwashed, share prices will languish even as metal prices are banging against the roof.

Norsemont has seen the error of its ways and has become a sponsor. I like the aggressiveness of management and that's worth a lot. This is not the time to be sitting on the egg until it hatches. We own shares and I am biased. Do your own due diligence, you get to keep all the profit.

Norsemont Mining Inc
NOM-T $1.60 Canadian (May 24, 2007)
NOMFF-OTCBB
28.9 million shares
Norsemont website

Bob Moriarty
President: 321gold
Archives

VANCOUVER, BC and LIMA, Peru, Sep. 14, 2007 (Canada NewsWire via COMTEX News Network) --

Shares Issued and Outstanding: 37,762,878

TSX: NOM

Norsemont Mining Inc. ("Norsemont" or "the Company") (TSX: NOM) is pleased to announce the appointment of Mr. Sean Spraggett (Project Manager) and Mr. Wayne Lamphier (Vice President, Environment and Community Relations) as members of Norsemont Mining's senior management. Based in Peru, Sean Spraggett has assumed responsibility for the general operations and scoping/feasibility studies on the Constancia Copper Project. Also based in Peru, Wayne Lamphier will be responsible for overseeing the Company's environmental affairs and community relations.

Mr. Spraggett was the manager of engineering for Knight Piesold Consulting in Lima, Peru, for the last four years. He has over 18 years of experience in the design and construction of major mining operations, including heap-leach platforms, tailings deposits and mine waste management, water reservoirs and hydraulic structures; as well as general elements required in mining operations. Mr. Spraggett is a specialist in the area of geotechnical engineering and is responsible for specialised analyses of structures required for the mining industry. His experience has been in both the public and private sectors and he has worked in various regions, including North, Central and South America. In Peru, Mr. Spraggett has been involved in a number of major mining projects, including Yanacocha (Newmont), Cerro Corona (Goldfields), Rio Blanco (Minera Majaz), Marcobre (Chariot Resources), Cerro Verde (Phelps Dodge) and La Granja (Rio Tinto). His experience and working knowledge in Peru will bring to Norsemont a strong understanding of the development and operational aspects which will be necessary for advancing the Constancia Copper Project.

The appointment of Wayne Lamphier to the position of Vice President - Environment and Community Affairs is also a key milestone in the building of a team with exceptional experience to support the development of the Constancia Project. Mr. Lamphier previously served as the Manager of Community Affairs for Antamina in 2004-05 and has 20 years of technical environmental experience in both the hydrocarbons and mining industries throughout the Andean region. Wayne is a fluent Spanish speaker and long time resident of a small indigenous community in the Peruvian Andes. He graduated with a Master's Degree in Environmental Design - M.Des. (Environmental Sciences) from the University of Calgary in 1991.

Commenting on these senior management appointments, Norsemont's President, Bob Baxter, said: "the recruitment of Sean and Wayne is a major milestone for Norsemont Mining and completes the senior operational appointments necessary to advance the Constancia copper project through feasibility and into development."  

Each special warrant shall be exercisable at no additional cost for one unit of Norsemont until 5:00 p.m. (Vancouver time) on the earlier of (i) the date which is five business days following the issuance of a decision document for a final prospectus qualifying the units underlying the special warrants and (ii) the date which is four months and one day following the closing of the offering. Each unit shall consist of one common share of Norsemont and one-half of one common share purchase warrant. Each whole warrant shall be exercisable for one common share at an exercise price of $3.50 per share for a period of 24 months following closing of the offering. Norsemont has agreed to use its best efforts to file and clear a prospectus qualifying the units as soon as practicable and, in any event, within 30 days following the closing of the offering.

Norsemont has also granted the Underwriters an option (the "Underwriters' Option"), exercisable in whole or in part at any time prior to 24 hours before the closing of the offering, to purchase for resale to accredited investors an additional 810,000 special warrants for additional gross proceeds of up to $2,349,000. The special warrants issued as part of the offering will be subject to a 4 month statutory hold period from the date of closing. Closing is expected to occur on or about November 15, 2007. The offering is subject to stock exchange and other regulatory approval.

The net proceeds of the offering will be used for the continued development of the company's Constancia copper/molybdenum/silver project in Peru and for general corporate purposes.

About Norsemont

Norsemont Mining is a Canadian mineral exploration and development company focused on the Constancia copper/molybdenum/silver project in southern Peru, which has been optioned from Rio Tinto Plc.

Cautionary Notice  

na das sind doch mal sehr gute Nachrichten!
Jetzt kann Norsemont Constancia zu 100% übernehmen.
schon komisch erst der Anstieg dann die guten News... wer da wohl schon was
wusste....:-)


Norsemont Mining Acquires Mitsui's 30 Percent Interest in Constancia Copper Project
11/1/2007    
VANCOUVER, BC, and LIMA, Peru, Nov. 1, 2007 (Canada NewsWire via COMTEX News Network) --

Rio Tinto Option Provides Norsemont with Opportunity to Control 100% of

Constancia Project in Southern Peru

Shares Issued and Outstanding: 37,912,878

TSX: NOM

VANCOUVER, BC, and LIMA, Peru, Nov. 1 /CNW/ - Norsemont Mining Inc. ("the Company") (TSX: NOM, BSM: NOM) today announced the conclusion of an agreement whereby the Company has acquired Mitsui's 30 percent interest in the Constancia copper/moly/silver project in southern Peru. Combined with Company's option over Rio Tinto's 70 percent interest in the Constancia project, this agreement provides Norsemont with the opportunity to establish control over 100 percent of the Constancia project.

Under the acquisition agreement with Mitsui, the Company will pay Mitsui a total consideration of US$9.8M over the next twenty months, with the final payment due by June 30, 2009.

About Norsemont Mining

Norsemont Mining is a Canadian mineral exploration and development company focused on the Constancia Cu-Mo-Ag deposit in southern Peru, which has been optioned from Rio Tinto Plc.

SOURCE: Norsemont Mining Inc.

Patrick Evans, Phone: (416) 670-5114, E-Mail: investors@norsemont.com, Web Site: www.norsemont.com
Copyright (C) 2007 CNW Group. All rights reserved.  

und wie vermutet ist die gut!! Positiv ist auch, das endlich mal vorher kommunizierte Termine eingehalten werden.
Ich denke selbst nach dem Anstieg ist NOM immer noch recht günstig und die Ressource kann wohl
noch um einiges erhöht werden. Bewertung ist grad mal knappe 129 Mio CAD. denke da ist noch etwas Luft...
na mal schauen ob das Motto jetzt heißt sell on good news.

NORSEMONT MINING ANNOUNCES CONSTANCIA SCOPING STUDY RESULTS        

November  5, 2007

NPV Ranges from $396M to $618M. IRR Ranges from 20.9% to 31.8%.

Vancouver and Lima, Peru, November 5, 2007 – Norsemont Mining Inc. (“the Company”) (TSX: NOM, BVL: NOM) today announced that SRK Consulting (SRK) has completed the scoping study for Constancia copper project in southern Peru. The scoping study considers an open pit mining operation using a standard milling and froth flotation plant to produce high grade copper and molybdenite concentrates.  The study is based on geological information and metallurgical testing available at the time of reporting, price quotations for major equipment and mining components, including owners’ fleet, and estimates of long-term prices for copper, molybdenum and silver. Exploration drilling at the Constancia project is continuing and the Company believes that the potential exists to significantly increase the current resource.

For economic evaluation purposes, the scoping study focused on three operating scenarios: a 30,000 tonne per day (t/d) stand-alone case (SA), a 30,000 t/d expandable to 55,000 t/d case (EX), and a 55,000 t/d stand-alone case (SA). Based on the current resource, the corresponding life of mine (LOM) for the 30,000 t/d and 55,000 t/d stand alone cases are 20 and 12 years, respectively. 

Estimated production for the 55,000 t/d SA case is approximately 112,218 tonnes per year of copper recovered over the first five years, with a LOM annual average production of 90,411 tonnes. For the 30,000 t/d SA case estimated production is 72,814 tonnes per year of copper recovered during the first five years, with a LOM annual average of 53,598 tonnes. During the feasibility study the expansion of the 30,000 t/d EX case to 55,000 t/d in year 6 or 7 will be reviewed together with the 55,000 t/d SA case.

Based on a discount rate of 8 percent and a payback period which incorporates a two year start up, the Constancia project’s Internal Rate of Return (IRR) and corresponding Net Present Value (NPV) for the three operating scenarios are as follows:

Description	30,000 t/d SA		30,000 t/d EX		55,000 t/d
	Without Contingency	With 25% Cont.	Without Cont.	With 25% Cont.	Without Cont.	With 25% Cont.
NPV @ 8%	$473M	$404M	$467M	$396M	$618M	$530M
IRR	26.7%	21.4%	26.1%	20.9%	31.8%	25.3%
Payback  from start of construction	6 years	7 years	6 years	7 years	5 years	6 years

Note: The cash flow values presented account for post tax and royalty payments.

The cash flow analysis used long-term price assumptions of $1.80 per lb Cu, $12 per lb Mo, and $11 per oz Ag. To provide an appreciation of the influence of metal prices to the project cash flow, a sensitivity analysis has been conducted modifying the copper price.  The results of the sensitivity analysis based on copper prices at $1.60 per lb, $1.80 per lb and $2.00 per lb are as follows:

Description	30,000 t/d SA			30,000 t/d EX			55,000 t/d
Cu price	$1.60	$1.80	$2.00	$1.60	$1.80	$2.00	$1.60	$1.80	$2.00
NPV @ 8%	$255M	$404M	$552M	$247M	$396M	$544M	$345M	$530M	$715M
IRR	17%	21.4%	25.5%	16.5%	20.9%	24.9%	19.9%	25.3%	30.3%
Payback from start of construction	8 years	7 years	6 years	8 years	7 years	6 years	7 years	6 years	5 years

Note: 1. Cash flow values are presented accounting for a 25% overall contingency and discount rate of 8%.
          2. The cash flow values presented account for post tax and royalty payments.

Cash operating costs net of credits are estimated at $0.74 per lb over the 20-year project life for the 30,000 t/d SA case and $0.67 per lb over the 12-year project life for the 55,000 t/d SA case. Capital expenditure estimates (inclusive of a 25 percent contingency) for the three operating scenarios are US$605.6M, US$617.3M and US$739.7M for the 30,000 t/d SA, 30,000 t/d EX to 55,000 t/d and 55,000 t/d SA, respectively. 

Based on the positive results of the scoping study, Norsemont will now advance the Constancia project to feasibility.  Negotiations with engineering consultants for the feasibility study and environmental impact assessment are underway and formal contracts are expected to be finalised by the end of the year. 

During the next several months, detailed budgeting and preliminary geotechnical field programs will be undertaken to establish a firm foundation for the feasibility study, which is expected to commence during the second quarter of 2008.  Infill drilling on the Constancia and San Jose zones is continuing, with the conclusion of the 42,000-meter program expected by year-end. Exploration drilling at the Constancia project will continue during 2008 and the Company believes that the potential exists to significantly increase the current resource.

Norsemont Mining Inc.

Norsemont Mining is a Canadian mineral exploration and development company focused on the Constancia Cu-Mo-Ag deposit in southern Peru, 70 percent of which has been optioned from Rio Tinto Plc and 30 percent of which has recently been acquired from Mitsui. The Constancia Project has a 43-101 compliant indicated resource of 70M tonnes (0.8 Billion lbs Cu) and an inferred resource of 250M tonnes (2.8 Billion lbs Cu).

Constancia Project

The Constancia project is located approximately 600 kilometers southeast of Lima, within the Yauri-Andahuaylas metallogenic belt, hosting several large copper-molybdenum- silver and gold porphyry deposits including Antapaccay (Xstrata) and Los Chancas (Grupo Mexico), as well as copper skarn deposits including Tintaya (Xstrata) and Las Bambas (Xstrata). The property is accessed by several roads, and is within 60 kilometers of a railroad. Elevation ranges from 4,000 to 4,700m, and several small permanently flowing rivers are present in the area.

Qualified Persons and Data Verification

The independent Qualified Persons (QP) for the purpose of National Instrument 43-101, Standards of Disclosure for Mineral Projects, who have reviewed and approved this release, are:

(a)

for the copper project (Scoping Study): (i) Raúl Paredes L.(mining reserve estimates, mine plan, mine capital and operating costs process and infrastructure engineering and cost estimation); (ii) Snowden (property description and location, accessibility, history, geological setting, deposit types, mineralization, exploration, drilling, sampling method and sample preparation, analyses and security, data verification); (iii) George Even, of SRK Consulting, Santiago, Chile (geotechnical assessment); and (iv) Adam Johnston of Transmin, Lima, Peru (mineral processing and metallurgical testing); and

(b)

for the portion of the mineral resource estimate that is based on the technical report dated May 9 2007 filed at www.sedar.com May 10, 2007,  entitled “Constancia Project Technical Report”, by Dr Warwick Board  of Snowden Mining Industry Consultants Inc., Vancouver, Canada; R. Baxter President and COO of Norsemont Mining; and Adam Johnston of Transmin, Lima, Peru.

Snowden is the independent QP, as defined under NI 43-101, responsible for the quality control and verification of the drill hole data used by Snowden in the resource estimates. The estimates, projections and conclusions summarised in this release are subject to important qualifications, assumptions and exclusions, all of which will be set out in a Technical Report, which will be filed at www.sedar.com within the prescribed 45-day period. To fully understand the summary information contained in this release, the full Technical Report should be read in its entirety when posted on SEDAR.

All $ amounts are in 2007 US Dollars. IRR & NPV calculations are calculated on a real after tax basis for 100% ownership interest (and therefore before Canadian taxes, if any) assuming all-equity financing.

ON BEHALF OF THE BOARD OF DIRECTORS,

Robert W. Baxter
President
Norsemont Mining Inc.

For more information:  
Patrick Evans
Norsemont Mining
Tel: (416) 670-5114
Email: pevans@norsemont.com 

www.norsemont.com

The updated independent mineral resource estimate has been completed on the Constancia and San Jose zones of the Constancia deposit by GRD Minproc Limited. The report estimates an Indicated Resource of 256.3 million tonnes grading 0.5 % copper, 0.012 % molybdenum and 4.4 g/t silver (0.62 % Cu-Equivalent) at a cutoff grade of 0.2% copper and an Inferred Resource of 156.5 million tonnes grading 0.33 % copper, 0.01 % molybdenum and 3.2 g/t silver (0.43 % Cu-Equivalent) at a cutoff grade of 0.2% copper (Table 1). The updated estimate for the Constancia deposit also contains small amounts of gold and zinc, which have not been reported.

"I am very pleased to see a large increase in our indicated resource base in this latest resource estimate", said Robert W. Baxter, President of Norsemont Mining. "While we had expected to have our infill drilling largely completed at this time we have now encountered significant mineralisation between the Constancia and San Jose zones. We believe now that within that envelope we are beginning to define a strong potassic alteration zone with potential for a significant additional target between these zones. We currently have six diamond drill rigs on site, working two shifts per day to define this new discovery. In addition, we are scheduled for the arrival of an additional reverse circulation drill rig in April for further rapid screening of other promising exploration targets in the immediate vicinity of the Constancia and San Jose zones."

Mr. Baxter added: "Our updated resource statement clearly demonstrates that the Constancia deposit is a large, well defined copper deposit which remains open to expansion. Also, it is one of the most advanced copper projects in Peru having recently progressed to the definitive feasibility stage following the completion late last year of our scoping study which demonstrated that Constancia has the potential to be a robust low-cost and long-life mine."

   <<       Table 1: Resource Estimate, Constancia Project, April 14, 2008    --------------------------------------------------    Cut-off                   Copper    Molybdenum      Silver       Cu Eq    Grade        Tonnes       Grade        Grade        Grade    --------------------------------------------------    (% Cu)      (Million)     (% Cu)       (% Mo)      (g/t Ag)        %    --------------------------------------------------                       Indicated Resource    --------------------------------------------------      0.5         92.0         0.81        0.013          6.0         0.95    --------------------------------------------------      0.4        132.3         0.70        0.013          5.5         0.84    --------------------------------------------------      0.3        193.7         0.59        0.013          4.9         0.72    --------------------------------------------------     0.25        229.9         0.54        0.012          4.6         0.66    --------------------------------------------------      0.2        256.3         0.50        0.012          4.4         0.62    --------------------------------------------------                       Inferred Resource    --------------------------------------------------      0.5         13.7         0.71        0.010          6.0         0.83    --------------------------------------------------      0.4         27.3         0.58        0.011          5.0          0.7    --------------------------------------------------      0.3         72.5         0.43        0.011          3.8         0.54    --------------------------------------------------     0.25        112.9         0.37        0.010          3.4         0.47    --------------------------------------------------      0.2        156.5         0.33        0.010          3.2         0.43    --------------------------------------------------    >>
Copper equivalent values are estimated using the following long-term metal prices: copper US$1.80 per lb, molybdenum US$12.00 per lb, and silver US$11.00 per oz. Cu-Equivalent equals Cu (%) plus Mo (%) times (12.00/1.80) plus Ag (g/t) times 0.35/(1.80x22.05). Adjustment factors to account for differences in relative metallurgical recoveries will depend upon the completion of definitive metallurgical testing. Metallurgical recoveries and net smelter returns are assumed to be 100 percent.

Norsemont's CEO, Patrick Evans, stated: "The expansion of the Constancia resource demonstrated by this updated resource statement is very encouraging, as is the discovery of additional mineralisation between the Constancia and San Jose zones. As previously reported, Norsemont has also discovered numerous additional copper anomalies in close proximity to the current Constancia resource. As a consequence of these discoveries, Norsemont has developed a vision to expand the Constancia resource to between 600 and 800 million tonnes."

Based on the April 2008 resource estimate, the Indicated Resources contain approximately 2.85 billion pounds of copper, 68.2 million pounds of molybdenum and 36.5 million ounces of silver at a 0.2% copper cutoff, and the Inferred Resources contain approximately 1.14 billion pounds of copper, 33.4 million pounds of molybdenum and 16.2 million ounces of silver (see Table 2). The April 2008 resource estimate, therefore, displays an increase of approximately 350 percent in contained copper in the Indicated category relative to the previous estimate reported in March 2007.

   <<       Table 2: Contained Metal (0.2% Cu cut-off), Constancia Project,                               April 14, 2008    --------------------------------------------------    Resource            Copper              Molybdenum            Silver    Category         (million lbs)         (million lbs)        (million oz)    --------------------------------------------------    Indicated            2,852                 68.2                 36.5    --------------------------------------------------    Inferred             1,147                 33.4                 16.2    --------------------------------------------------    >>
Composites assay data were capped between 0.050% Mo and 0.060% Mo for Molybdenum for three of nine estimation domains. Silver grade data from three of the domains was capped between 30 g/t Ag and 35 g/t Ag. No capping was applied to copper data.

The resource estimate for the Constancia deposit was generated using geological solids modeled by Atticus & Associates. Copper, molybdenum and silver grades were interpolated into a block model using ordinary kriging, with copper as the primary element. Table 1 includes Resources from the Constancia and San Jose zones. Resource classification was based on a combination of drill spacing, kriging variance, and confidence in geological and grade continuity.

Independent geologist Lynn Widenbar, MAusIMM, and a Qualified Person as defined by National Instrument (NI) 43-101, was responsible for the Mineral Resource Estimate dated April 14, 2008. Mr. Widenbar has read and approved the contents of this news release. The Resource estimate has components of both Indicated and Inferred mineral resources, consistent with the CIM definitions referred to in NI 43-101. This estimate will be filed in a Technical Report compliant with NI 43-101 on SEDAR within 45 days. Mineral Resources which are not Mineral Reserves do not have demonstrated economic viability. Norsemont is not aware of any environmental, permitting, legal, title, taxation, socio-political, marketing or other issues which may materially affect its estimate of mineral resources.

Quality Control

The Resource Estimate is based upon 206 diamond drill holes totaling 66,357.7 meters completed by Rio Tinto and Norsemont through to the end of December 2007. Norsemont has completed 182 holes and Rio Tinto had previously drilled 24 holes that are included in this Resource Estimate.

Core samples were cut with a diamond saw, with one-half of the core placed in sealed bags, and shipped to ALS Chemex Assay Labs in Lima, Peru. Secondary laboratories are also used for check assaying. Drill core was sampled at two metre intervals after logging. Some sample length changes were made when lithological or mineralogical boundaries where important and sample lengths met those boundaries. In general, contacts between high grade and low grade samples (visually estimated) correspond with the sample boundaries. In some visually determined low copper grade intervals, sample length was increased to 3-metres. Half core was sampled after it was symmetrically cut with a core saw.

The drilling program and geological studies during 2007 and 2008 at the Constancia project for Norsemont were supervised by Dr. Leonardo Diaz, (MAusIMM)., and Robert Baxter (MAusIMM), Norsemont's Qualified Person as defined by NI 43-101, who have reviewed and approved the information contained in this news release.

A plan map with drill hole locations and the tabulated drilling results is available on Norsemont's website at www.norsemont.com. Other geological data including cross sections will be made available with the NI 43-101 Technical Report which is to be posted on SEDAR within 45 days of this press release.

About Norsemont Mining

Norsemont Mining is an independent, well-financed exploration and development company focused on the Constancia Cu-Mo-Ag project in southern Peru. The Constancia Project is located between the Tintaya Mine and the Las Bambas copper deposit of Xstrata PLC in Southern Peru. A December 2007 scoping study anticipates a project producing in excess of 90,000 tonnes of copper annually. The study indicates the project has a net present value of $530 million and an internal rate of return of 25.3 percent. The following long-term commodity price assumptions were used in the study: copper $1.80 per pound, molybdenum $12 per pound and silver $11 per ounce. The full study, dated December 11, 2007, and titled "Preliminary Assessment of the Constancia Project, Department of Cusco, Peru" is available for viewing on SEDAR.

Norsemont Mining controls 100 percent of the Constancia Project and has no concentrate off-take commitments.

ON BEHALF OF THE BOARD OF DIRECTORS,

Robert W. Baxter

President

Norsemont Mining Inc.

SOURCE: Norsemont Mining Inc.

Patrick Evans, Norsemont Mining, Phone: (416) 670-5114, E-Mail: investors@norsemont.com, Web Site: www.norsemont.com

Copyright (C) 2008 CNW Group. All rights reserved.