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Norsemont Extends Mineralization and Reports Highest Grade Intercept
to Date at San Jose Zone, 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 three additional
holes targeting both the Constancia and San Jose Zones at the
Constancia Copper-Molybdenum-Gold-Silver Porphyry Project in southern
Peru.

Highlights include:

- Hole CO-05-32: 166.00 meters of 0.83% Copper (0.97% CuEQ(1))
- Hole CO-05-34: 62.00 meters of 1.45% Copper (1.68% CuEQ(1))
- Hole CO-05-35: 180.90 meters of 0.58% Copper (0.88% CuEQ(1))

All three holes are on the fringes of previous drilling at
Constancia, thus adding significantly to the known extent of
mineralization.

"Hole CO-05-34 encountered 62 meters of 1.45% Cu, the highest
grades received to-date within the San Jose Zone, located near
surface," said Marc E. Levy, President and CEO of Norsemont Mining
Inc. "Additionally, step out Hole CO-05-35 encountered the highest
molybdenum values yet observed on the property, intersecting 16
meters of 0.60% Cu and 0.071% Mo and 82 meters of 0.59% Cu and 0.054%
Mo. The hole terminated in strong mineralization at 296 meters due to
caving. Step out Hole CO-05-32 and CO-05-35 suggest that the
Constancia Zone remains open for expansion to the south and to the
west." To-date, 41 drill holes have been completed by Norsemont at
the Constancia Project totalling 9,790 meters.

If you have problems reading the following text, please click here:
http://presseportal.de/story.htx?nr=774276#t1

TABLE 1 COPPER INTERSECTIONS AT CONSTANCIA PROJECT
DRILL Au Ag CuEQ
HOLE FROM(m) TO(m) INT.(m) Cu (%) Mo (%) (g/t) (g/t) (1)
-------------------------------------------------------------------------
CO-05-32 166.00 0.83 0.014 0.010 4.99 0.97
incl. 40.00 48.00 8.00 2.32 0.002 0.009 5.90 2.39
incl. 100.00 240.00 140.00 0.80 0.015 0.008 5.01 0.94
incl. 246.00 254.00 8.00 0.38 0.010 0.021 4.38 0.49
incl. 260.00 270.00 10.00 0.48 0.011 0.026 4.50 0.61
CO-05-34 16.00 78.00 62.00 1.45 0.009 0.160 8.24 1.68
CO-05-35 180.90 0.58 0.038 0.068 3.48 0.88
incl. 3.10 32.00 28.90 0.55 0.013 0.038 5.30 0.70
incl. 106.00 120.00 14.00 0.66 0.013 0.081 4.30 0.83
incl. 126.00 166.00 40.00 0.55 0.020 0.140 2.15 0.77
incl. 184.00 200.00 16.00 0.60 0.071 0.087 2.70 1.10
incl. 214.00 296.00 82.00 0.59 0.054 0.038 3.49 0.97
Note 1: Copper equivalent Values (CuEQ) are estimated using long-term
metal prices including: Copper US$1.00 per lb, Molybdenum US$6.00 per lb,
Silver US$6.50 per oz., and Gold US$400 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 (Au grams per tonne
times 12.86/22.05) plus (Mo percent times 132.28/22.05) plus (Ag grams
per tonne times 0.21/22.05).

The San Jose Zone at the Constancia project is believed to be the
faulted extension of the main Constancia Zone to the east. Hole
CO-05-34, one of five holes completed during 2005 at the San Jose
Zone, intersected the highest grades yet encountered. A near surface
interval of 62 meters (16m - 78m) encountered 1.45% Cu in mixed skarn
mineralization and chalcocite-bearing monzonite. Continued drill
testing the near surface potential of the San Jose Zone will be a
high priority in early 2006.

Holes CO-05-32 and 35 are 100 meter step-out holes collared within
the Southern Fracture System, the thickest and generally highest
grade portion of the main Constancia Zone. CO-05-32 tested the
southeastern portion of the Fracture Zone, angled to the northwest.
Hole CO-05-32 encountered a skarn contact with mineralized monzonite
intersecting 140 meters (100 meters - 240 meters) of 0.8% Cu and
0.015% Mo. The interval overlaps mineralized skarn rocks and
secondary chalcocite in the monzonite. This intercept has excellent
continuity with nearby holes, collectively suggesting that the
Constancia zone remains open for expansion to the south. CO-05-35
has extended the Southern Fracture System to the west, encountering
180.9 meters of 0.58% Cu and with 0.038% Mo in five zones. These
zones start at the surface and continue to the bottom of the drill
hole. This 100 meter step-out hole intersected the strongest
molybdenum values yet encountered on the property. Furthermore, the
Constancia zone remains open to the west and at depth in this
region, since the hole was lost within strong mineralization due to
poor down-hole ground conditions.

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.

Robert McLeod, P. Geo., Norsemont`s Consulting Geologist 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

Norsemont Mining is a well-structured and 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 commencing
exploration at the Amata Ag-Au property acquired from Rio Tinto.

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 Mining Inc.
Im Internet recherchierbar: http://www.presseportal.de

Contact:
For further information: Marc E. Levy, Director & President, Phone:
[phone], Fax: [phone], E-Mail:
[e-mail], www.norsemont.com

[Sebastian1988]

riesen kauforders von bis zu 15000 auf einmal in frankfurt weggekauft aus dem ask momentan 3,90€ bei meldung von bv wird die 4 gleich fallen!!