Mr. Tom Palmer reports

NEWMONT SHAREHOLDERS VOTE OVERWHELMINGLY TO APPROVE ACQUISITION OF NEWCREST

Newmont Corp. shareholders voted more than 96 per cent for the issuance of Newmont common stock in connection with the proposed acquisition of Newcrest Mining Ltd. were voted in favour of approval at today's special shareholder meeting.

"Recognizing the strategic rationale to create the industry's strongest portfolio of world class gold and copper assets, Newmont's shareholders overwhelmingly voted in favour of this transformational transaction," said Tom Palmer, Newmont's president and chief executive officer. "This unrivalled platform, featuring the industry's best talent running the highest concentration of Tier 1 assets in the most favourable jurisdictions, uniquely positions Newmont to generate superior returns for decades."

Newcrest's shareholder vote will be held this Friday, Oct. 13, 2023, at 10:30 a.m. Australian Eastern Daylight Time.

All government regulatory approvals necessary for the transaction to proceed have been secured. Newmont and Newcrest anticipate the transaction closing in early November, subject to the satisfaction of customary closing conditions.

On May 14, 2023, 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.

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