Mr. Tom Palmer reports

NEWMONT ASSIGNED STABLE A- RATING FROM FITCH

Fitch has assigned Newmont Corp. a first-time, long-term issuer default rating of A-minus with a stable outlook. Fitch also assigned a rating of A-minus to Newmont's senior unsecured debt. These ratings reflect Newmont's industry leadership, global scale and diversified operating position in low-risk jurisdictions to generate strong liquidity and modest leverage.

"The ratings from Fitch recognize Newmont's ongoing financial strength and flexibility, which is supported by our proven strategy and industry leadership position," said Tom Palmer, Newmont's president and chief executive officer. "Our disciplined and balanced approach to capital allocation remains unchanged, and we are committed to maintaining a strong financial position and an investment-grade balance sheet. Combined with robust annual free cash flows, our balance sheet enables profitable reinvestment into our business while generating leading returns to shareholders across price cycles."

Newmont's financial position and industry leadership is expected to be further strengthened after completion of the pending acquisition of Newcrest, previously announced on May 14. 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.