The Pampacancha anomaly has been discovered approximately 2.7 kilometres south-east of the Constancia - San Jose deposit and lies within an area over which the Company controls 100 percent of the mineral rights.

Norsemont has completed a ground geophysical survey (magnetics and IP) over the Pampacancha project and has conducted stream and rock-chip sampling over a 27 square kilometre area. Results from the ground geophysical survey indicate the presence of a number of strongly magnetic bodies with coincident chargeability anomalies.

The Pampacancha prospect area is comprised of outcrops of limestone intruded by dioritic and lesser monzonite intrusives where both magnetite and garnet skarns are developed near their contacts. Outcropping copper oxides in skarn bodies highlight the potential for significant copper mineralisation.

In addition, the Company has conducted stream sediment sampling over a catchment area of approximately 27 square kilometres. Of the 32 samples taken in a catchment area over 90 percent of the samples were recovered from active streams and the results indicated the presence of anomalous copper, molybdenum and gold, with gold grades as high as 7.43 grams per tonne. A total of 42 percent of these samples reported gold values greater than 1.0 grams per tonne Au in an area of 2 kilometres by 4 kilometres.

Based on these encouraging results, Norsemont has taken approximately 350 rock-chip samples over the Pampacancha project. Assay results from these rock-chips indicate anomalously high grades of gold, silver and copper, with individual samples reporting up to 39 gram per tonne gold, 1,200 grams per tonne silver and 6 percent copper.

While the Company’s current exploration program is focussed on completing the infill drilling on the Constancia – San Jose deposit, which is currently the subject of an independent definitive feasibility study, a limited drill program at Pampacancha is expected to provide useful information on the geological structure, size and grade of the Pampacancha discovery. Results from the drill program will be released when available. Maps showing the results of the stream sediment, geophysical and rock chip sampling programs will be posted to the Company’s website in due course.