Mr. Tom Palmer of Newmont reports

NEWMONT ANNOUNCES DATE OF SPECIAL MEETING OF STOCKHOLDERS AND FILING OF DEFINITIVE PROXY STATEMENT FOR ACQUISITION OF NEWCREST

Newmont Corp. will hold a special meeting of stockholders and file its definitive proxy statement in connection with the company's proposed acquisition of Newcrest Mining Ltd. by way of a scheme of arrangement. Newmont notified stockholders that the meeting will take place virtually on Wednesday, Oct. 11, 2023, at 8 a.m. Mountain Daylight Time.

Newmont stockholders will be asked to vote on, among other proposals, the issuance of shares of Newmont common stock in connection with the scheme. Newmont's board of directors unanimously recommends that Newmont stockholders vote in favour of each of the proposals included in the definitive proxy statement.

Newcrest also announced that the Federal Court of Australia has made orders:

• That Newcrest convene a meeting of Newcrest shareholders to consider and vote on the scheme;
• Approving the dispatch of an explanatory statement providing information about the scheme, together with the notice of scheme meeting to Newcrest shareholders.

Newcrest's shareholder vote will be held in person and on-line on Friday, Oct. 13, 2023, at 10:30 a.m. Australian Eastern Daylight Time.

"Once approved, Newmont and Newcrest shareholders will own an unmatched portfolio of gold and copper assets, including 10 Tier 1 operations, each with the scale, mine life and cost profile to sustain profitable production and best-in-class sustainability performance decades into the future," said Tom Palmer, Newmont's president and chief executive officer.

On May 14, Newmont announced its 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 cash improvements through portfolio optimization in the first two years after closing.

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.

At Newmont, its purpose is to create value and improve lives through sustainable and responsible mining.

We seek Safe Harbor.