Norsemont Drills 94 meters at 1.26 g/t Au and 109 meters at 1.09 g/t Au Both Holes Starting at Surface

Executive Summary

• Norsemont Mining released assay results for three of seven Phase 3 drill holes at its 100 % owned Choquelimpie high‑sulfidation Au‑Ag‑Cu project.
• All three intercepts show long zones of >1 g/t Au, exceeding the current sulfide resource average (0.70 g/t Au) and indicating potential for a higher‑grade resource upgrade.
• The company plans to resume drilling in April 2026 and will report remaining assay results later this quarter.

Key Details

• Hole MV25‑DD01: 109 m @ 1.09 g/t Au, including 45 m @ 1.21 g/t Au.
• Hole MV25‑DD02: 94 m @ 1.26 g/t Au, including 31 m @ 1.79 g/t Au; also a 42‑71 m interval with 28.8 g/t Ag (vs. 12.2 g/t Ag resource average).
• Hole MV25‑DD03: 33 m @ 0.87 g/t Au.
• Total Phase 3 drilling completed: 7 holes, ~1,650 m core length.
• Remaining assay results (including over‑limit re‑assays for Ag, Cu, Pb, Zn) expected later in Q1 2026.
• Samples processed by Activation Geological Services (ISO 17025 certified); gold determined by fire assay (AU‑FA30) and cyanide‑soluble method where oxidation is present.
• Additional analyses: 60‑element mass spectrometry; over‑limit elements re‑assayed by atomic absorption.
• Qualified Person David Flint, MSc, AIPG‑CPG (Chief Geologist) has reviewed and approved the technical information.
• Management comment (CEO Marc Levy): results are “above the current sulfide resource grade,” supporting confidence in substantial high‑grade zones at depth and along strike.

Notable Quotes

“These long intercepts are above the current sulfide resource grade, highlighting the potential to upgrade the resource… We look forward to providing further updates as results become available.” – Marc Levy, CEO & Chairman

Materiality Assessment: Material – Positive (the drill results materially enhance the outlook for a higher‑grade resource and may affect valuation).