Investor presentation - September 2010 Update

Norseman Gold plc / Epic: NGL / Index: AIM & ASX / Sector: Mining & Exploration

24 September 2010

Norseman Gold Plc ('Norseman Gold' or 'the Company')

Investor Update Presentation - September 2010

Norseman Gold, the AIM-listed and ASX-listed Australian gold production company advises that it has today issued a correction to one of the slides contained in the Investor Update presentation released on 17th September.

Page 23 of the Investor Update Presentation September 2010 "Building Momentum" quoted the resource for Harlequin South incorrectly.

The resource quoted for Harlequin South should read "470,000 tonnes @ 7.0 g/t for 110,000 ounces", which is the resource as at 31 March 2010.

The slide currently quotes the resource as "57,000 tonnes at 21.1 g/t for 39,000 ounces" which was the resource as at 31 March 2008.

A copy of the correction can be downloaded from the Company's website at www.norsemangoldplc.com.

Competent Persons Statement

The information in this presentation that relates to Exploration Results, Mineral Resources and Ore Reserves is based on data generated by employees of Central Norseman Gold Corporation Limited who have the relevant experience and qualifications to qualify as competent persons.

The parts of this presentation that relate to Exploration Results, Mineral Resources and Ore Reserves were compiled by Barry Cahill using that data. He is a Member of the Australasian Institute of Mining and Metallurgy and has sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and to the activity which they are undertaking to qualify as a Competent Person as defined in the 2004 Edition of the "Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves". He has consented to the inclusion in the report of the matters based on this information in the form and context in which it appears.

For further information relating to resource and reserve please refer to the Company's release of 24 August 2010.

**ENDS**

For further information visit www.norsemangoldplc.com or contact:

Note to editors:

Norseman Gold plc is an AIM listed and ASX listed Australian gold production company, which acquired the Norseman Gold Project in May 2007, Australia's longest continually running gold operation. The Norseman Gold Project is located in the Eastern Goldfields of Western Australia in the highly prospective Norseman-Wiluna greenstone belt, 725km east of Perth and 186km from Kalgoorlie.

Gold was first found on the Norseman field in 1894 and over the last 65 years it has produced over 5.5 million oz of gold. The mine is currently producing from two high-grade narrow-vein underground mines - the Bullen and the Harlequin. Currently, it has a total resource inventory of 3.8 million oz of gold at an average grade of 5.3 g/t.

The tenements cover a 2,180 sq km area centred on the Norseman Township. The landholding comprises 221 tenements consisting of 16 Exploration Licences, 107 Mining Licences, 64 Prospecting Licences, 15 Miscellaneous Licences, 5 Exploration Licence Applications, 13 Prospecting Licence Applications and 1 Mining Lease Application.

The Company's strategy is focused on extending the mine life through the conversion of resources into reserves and identifying additional resources and obtaining additional ore for the operating mill through the development of a third and subsequent mines. The Company has fifteen advanced resource projects under review of which three have pre-development work being undertaken on them. It is anticipated that at least one if not all the pre-development projects will develop into mining propositions.