Mr. Tom Palmer of Newmont reports

NEWMONT ANNOUNCES PNG COMPETITION COMMISSION CLEARANCE FOR ACQUISITION OF NEWCREST

Papua New Guinea's (PNG) Independent Consumer & Competition Commission (ICCC) has granted clearance for Newmont Corp. to proceed with its proposed acquisition of Newcrest Mining Ltd. Newmont, in consultation with Newcrest, has also determined that no premerger notification under the Hart-Scott-Rodino Act will be required in the United States for the transaction to move forward.

Newmont continues advancing other regulatory approvals and expects to close the transaction in the fourth quarter of this year. Last month, the Canadian Competition Bureau issued a no-action letter clearing the proposed acquisition.

"We appreciate the ICCC in Papua New Guinea carefully reviewing and clearing our proposed acquisition of Newcrest," said Tom Palmer, president and chief executive officer of Newmont. "Lihir in PNG is one of the world's great gold mines and a Tier 1 operation by any measure. In addition to Lihir, we see profitable gold and copper growth through the world-class Wafi-Golpu project. We remain committed to building strong, mutually beneficial and long-lasting relationships with PNG's government and local communities. As part of this commitment, Newmont plans to establish PNG as a stand-alone fifth region in our portfolio with an in-country senior leadership presence and pursue a secondary listing of Newmont depositary interests on the PNGX."

Other regulatory approvals to be secured for Newmont's proposed acquisition of Newcrest include the Australian Competition and Consumer Commission (ACCC), the Australia Foreign Investment Review Board (FIRB), the Japan Fair Trade Commission (JFTC), the Philippine Competition Commission (PCC) and the Korea Fair Trade Commission (KFTC). Newmont and Newcrest also continue engaging with the PNG government and regulators about other approvals and clearances for the proposed transaction.

On May 14, Newmont signed a definitive agreement to acquire Newcrest. The combination would create a world-class portfolio of assets with the highest concentration of Tier 1 operations, primarily in favourable, low-risk mining jurisdictions. Upon closing of the transaction, the combined company would deliver a multidecade production profile from 10 large, long-life, low-cost, Tier 1 operations, and increased annual copper production primarily from Australia and Canada. The combined business is anticipated to generate annual pretax synergies of $500-million, expected to be achieved within the first 24 months, while also targeting at least $2-billion in the first two years after closing through portfolio optimization.

About Newmont Corp.

Newmont is the world's leading gold company and a producer of copper, silver, zinc and lead. The company's world-class portfolio of assets, prospects and talent is anchored in favourable mining jurisdictions in North America, South America, Australia and Africa. Newmont is the only gold producer listed in the S&P 500 Index and is widely recognized for its principled environmental, social and governance practices. The company is an industry leader in value creation, supported by robust safety standards, superior execution and technical expertise. Newmont was founded in 1921 and has been publicly traded since 1925.

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