Vancouver, Canada (ots/PRNewswire)
- Norsemont Mining Inc.
("Norsemont" or "the Company") (TSX-V: NOM; Frankfurt: N8S; WKN:
A0DQKK; OTC-BB: NOMFF; ISIN: CA6565291045) is pleased to announce
that Mr. Robert Baxter has joined the Company as President and
Director of Norsemont Mining and General Manager of Norsemont Peru
SAC. Mr. Baxter's appointment will take effect immediately at which
time he will assume responsibility for the general operations of the
company and will oversee the technical and developmental aspects of
its projects in Peru.
Mr. Marc E. Levy will continue in his capacity as Chief Executive
Officer and Chairman of the Board of Norsemont.
Mr. Baxter has over 22 years of experience in the mining industry,
principally in Latin America. He comes to Norsemont from Chariot
Resources Limited, where he was Executive Vice President and a
Director. In that role he managed all aspects of Chariot's
exploration and development projects, including their Marcona Copper
Project in Peru, which is approximately 250 km (150 miles) west of
Norsemont's flagship Constancia Copper Project.
"Mr. Baxter has a strong technical background and is intimately
familiar with the regulatory and socio-political climate in Peru and
other parts of Latin America. This makes him an ideal candidate to
take over the Presidency and actively spearhead the development of
our flagship Constancia Copper Project. As well, Mr. Baxter will
bring a wealth of contacts and expose Norsemont to many other
opportunities in South America ," said Marc E. Levy, Chief Executive
Officer of Norsemont.
"I am thrilled to have this opportunity to join Norsemont at this
exciting time in the company's growth. To be able to lead a young,
dynamic company with an excellent project in a part of the world
that I know so well is a career-defining opportunity for me," said
Mr. Baxter has also formerly held positions as General Manager of
Baxter Consultants Engineering, and Business Development Coordinator,
Regional Geologist and Regional Manager, Americas, for North Limited.
He has been a member of the Advisory Board of Petaquilla Minerals
Ltd. since April 2005. Mr. Baxter has an Applied Bachelor of Science
(Honours) degree from the University of New South Wales and is a
member of the Australian Institute of Mining and Metallurgy
Norsemont's Board has approved the issuance of a 530,000 options
to a consultant and a director of the company at a price of $2.00
per share, expiring 5 years from date of grant. This grant is
subject to TSX-V approval and shareholder approval at the 2006
Annual General Meeting.
Norsemont has previously accepted the resignation of Aly Mawji
from the board of directors.
About Norsemont Mining
Norsemont Mining is a well structured, well financed exploration
company working in the America's, with a focus on Peru. The Company
is currently drilling the Constancia Copper-Molybdenum-Silver-Gold
project, and exploration is underway at the Amata Silver-Gold
property acquired from Rio Tinto.
ON BEHALF OF THE BOARD OF DIRECTORS,
Marc E. Levy
CEO & Director
Norsemont Mining Inc.
The TSX Venture Exchange has not reviewed and does not accept
responsibility for the adequacy or the accuracy of this release. We seek
Web Site: www.norsemont.com
ots Originaltext: Norsemont Mining Inc.
Im Internet recherchierbar: http://www.presseportal.ch
For further information: Brian Soregaroli, VP Corporate
Communications at: Phone: +1-(604)-669-9788 x109, Fax:
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