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Norsemont Mining Inc.

Norsemont Extends Mineralized Zone at the Constancia Project

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 encouraging results have been received from the first  three
Phase II diamond drill holes targeting the Constancia Zone at the
Constancia Copper-Molybdenum-Silver-Gold Porphyry Project in southern
Peru.
    Highlights include:
    -   Hole CO-06-42: 317.00 metres of 0.44% Cu and 0.028% Mo (0.65% CuEQ1)
    -   Hole CO-06-43: 108.00 metres of 0.93% Cu and 0.013% Mo (1.08% CuEQ1)
    -   Hole CO-06-44: 210.00 metres of 0.58% Cu (0.68% CuEQ1).
Drill hole CO-06-042 is a step-out hole on the west side of the
Constancia zone, which hit 317.0 metres of mineralization (Table 1).
Drill  holes CO-06-043 and 044 are infill holes within the Constancia
zone.
    TABLE 1 COPPER INTERSECTIONS AT CONSTANCIA PROJECT
    DRILL                                                 Au      Ag
    HOLE      FROM(m)   TO(m) INT.(m)  Cu (%)  Mo (%)   (g/t)   (g/t) CuEQ(1)
    CO-06-42   24.25  341.25  317.00    0.44   0.028   0.034    2.70    0.67
    CO-06-43    0.00  108.00  108.00    0.93   0.013   0.060    4.24    1.09
              116.00  186.00   70.00    0.73   0.018   0.024    6.90    0.93
    CO-06-44    0.00   18.00   18.00    0.60   0.003   0.590    4.86    0.99
               40.00   68.00   28.00    0.60   0.002   0.150    6.48    0.75
               76.00  210.00  134.00    0.58   0.001   0.080    4.70    0.67
    Note 1: Copper equivalent Values (CuEQ) are estimated using long-term
    metal prices including: Copper US$1.20 per lb, Molybdenum US$8.00 per lb,
    Gold US$450 per oz., and Silver US$7.50 per oz. Adjustment factors to
    account for differences in relative metallurgical recoveries for gold,
    copper and molybdenum will depend upon the completion of definitive
    metallurgical testing. CuEQ equals Cu per cent plus Mo percent times
    (8.00/1.20) plus Au grams per tonne times 14.47/(1.20(x)22.05) plus
    Ag grams per tonne times 0.24/(1.20(x)22.05).
In this current drilling campaign Norsemont has completed two
additional infill holes (assays not yet received). The majority of
future  holes will be step-out holes on 100 meter centers, similar to
the program  carried out in 2005, for the purpose of calculating a
resource estimate for  the property. The company is currently
drilling hole CO-06-051, which is an  additional step-out hole. Two
drill rigs are currently operating on site.
"We are delighted with these initial results," said Marc Levy,
Norsemont President & CEO. "We are encouraged to find that the two
infill  drill holes indicate excellent continuity within the
mineralized zone. Of  significant interest is that the first step-out
hole, peripheral to the  previously known Constancia mineralization,
shows that mineralization  continues from near surface to a
significant depth." (Refer to 2005 drill  results news releases for
comparable data.)
The drilling program and geological studies at the Constancia
project  are being supervised by Dr. Thomas A. Henricksen, P. Geo.,
Norsemont's  Qualified Person as defined by NI 43-101. Core samples
are 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. The
program includes an extensive  quality control program for assaying
which includes the systematic use of  standards, blanks, and field
duplicate samples. Secondary laboratories are  also used for check
assaying.
Art C. Freeze, P. Geo., Director of Norsemont and Qualified Person
as  defined by NI 43-101 has reviewed and approved information
contained in  this news release.
A plan map with drill hole locations will be available shortly on
Norsemont's website at www.norsemont.com
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 Cu-Au-Mo project, and
exploration is  underway at the Amata Ag-Au property acquired from
Rio Tinto. Norsemont  recently completed financings totaling $14
million.
Sincerely,
Marc E. Levy
President & CEO
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 Safe Harbor.

Contact:

For further information: contact Marc Levy, President & CEO, or Brian
Soregaroli, VP Corporate Communications at: Phone: +1-(604)-669-9788,
Fax: +1-(604)-669-9768, E-Mail: investors@norsemont.com,
www.norsemont.com

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  • 18.01.2006 – 10:15

    Norsemont Mining Inc. - Significant Material Event

    Vancouver, Canada (ots/PRNewswire) - Norsemont Mining Inc. ("Norsemont") (TSX-V: NOM; Frankfurt: N8S; WKN: A0DQKK; OTC-BB: NOMFF; ISIN: CA6565291045) 8:00 AM Toronto 5:00 AM Vancouver Marc E. Levy, Director & President 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. ots Originaltext: Norsemont ...