Mr. Tom Palmer reports

ISS AND GLASS LEWIS RECOMMEND NEWMONT SHAREHOLDERS VOTE "FOR" PROPOSED ACQUISITION OF NEWCREST

Independent proxy advisory firms Institutional Shareholder Services Inc. (ISS) and Glass, Lewis & Co. (Glass Lewis) have recommended that Newmont Corp. shareholders vote for each of the company's resolutions in connection with the proposed acquisition of Newcrest Mining Ltd. at the special meeting of stockholders that will take place virtually on Wednesday, Oct. 11, 2023, at 8 a.m. MT.

Commenting on the proxy advisory firms' reports, Tom Palmer, Newmont's president and chief executive officer, said:

"Once complete, the combined business will be unlike any gold and copper mining investment available in the markets today. Newmont and Newcrest shareholders will own a world-class portfolio of gold and copper assets featuring 10 large, long-life, low-cost, Tier 1 operations representing more than half of the world's Tier 1 gold mines. We look forward to completing the acquisition and urge all Newmont shareholders to follow the recommendations of ISS, Glass Lewis and Newmont's board of directors to vote for each of the resolutions relating to the proposed transaction."

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.

Newmont and Newcrest anticipate the transaction closing in the fourth quarter of this year, subject to the satisfaction of customary closing conditions and regulatory approvals.

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.

Newmont's purpose is to create value and improve lives through sustainable and responsible mining.

We seek Safe Harbor.