Norsemont Mining Lists on the Lima Stock Exchange

    Shares Issued and Outstanding: 34.7M
    TSX: NOM

    VANCOUVER and LIMA, PERU, Aug. 28 /CNW/ - Norsemont Mining Inc.
("Norsemont" or "the Company") (TSX: NOM, BVL: NOM) is pleased to report that
the Company's common shares have been listed and have today commenced trading
on the Bolsa de Valores de Lima (Lima Stock Exchange) ("BVL"). Norsemont's
listing on the BVL is being sponsored by Credibolsa, Peru's largest brokerage
firm and the trading arm of Banco de Credito, Peru's largest bank.
    The BVL was one of the best performing stock exchanges in 2006, with
average returns of 166 percent. Mining shares, which make up 61 percent of the
exchange listings, led with average returns of 266 percent, followed by
agriculture (239 percent) and basic industry and services (177 percent). The
BVL is considered to be a leading indicator of the performance of Peru's
    During the press conference held in Lima today, Norsemont's President Bob
Baxter explained that the Company's Constancia copper-moly-silver project is
both large and robust. A scoping study is currently being prepared by SRK and
will be completed shortly. The Company expects Constancia to be in production
as early as 2011.

    About Norsemont Mining

    Norsemont Mining is a Canadian exploration company currently exploring
the Constancia Cu-Au-Mo deposit in Peru, which has been optioned from Rio
Tinto Plc.


    Robert W. Baxter
    Norsemont Mining Inc.

For further information:

For further information: Dennis Nenadic, Investor Relations at: Phone:
(604) 669-9788 x103, Fax: (604) 669-9768, E-Mail:, Web

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