SENTIENT III EXERCISES WARRANTS AND CONVERTS NOTES OF NORSEMONT MINING INC.

/NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES AND NOT FOR DISSEMINATION IN THE UNITED STATES/

MONTREAL, Feb. 15 /CNW Telbec/ - Sentient Executive GP III, Limited ("Sentient III") announces that it has (i) exercised 1,224,000 common share purchase warrants issued by Norsemont Mining Inc. ("Norsemont"); (ii) converted a $6,000,000 principal amount convertible note issued by Norsemont (as well as accrued interest thereon) into 3,555,714 common shares of Norsemont; and (iii) converted a $3,800,000 principal amount convertible note issued by Norsemont (as well as accrued interest thereon) into 2,242,486 common shares of Norsemont; and, as such, acquired control over 7,022,200 common shares of Norsemont, representing approximately 7.70% of the outstanding common shares of Norsemont.

Sentient III has control or direction over 24,651,458 common shares of Norsemont, representing approximately 25.11% of the outstanding common shares of Norsemont.

Under relevant securities laws, Sentient Executive GP I, Limited ("Sentient I") and Sentient (Aust) Pty Limited ("Sentient Pty"), related entities of Sentient III, may be considered as acting jointly or in concert with Sentient III.

Sentient III, Sentient I and Sentient Pty have control or direction over 30,401,458 common shares of Norsemont in the aggregate, representing approximately 30.97% of the outstanding common shares of Norsemont.

Sentient III acquired the 7,022,200 common shares of Norsemont for investment purposes only and not with a view to materially affecting control of Norsemont. Sentient III and its joint actors have no present intention of acquiring beneficial ownership or control over additional securities of Norsemont.

SOURCE SENTIENT EXECUTIVE GP III LIMITED

For further information:

Sue Bjuro at (345) 946-0933

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SENTIENT EXECUTIVE GP III LIMITED

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