Mr. Neil Backhouse reports

NEWMONT ANNOUNCES A DECREASE IN ITS HOLDINGS OF DISCOVERY SILVER CORP.

Newmont Corp.'s holdings of common shares in the capital of Discovery Silver Corp. have decreased.

On May 8, 2025, Goldcorp Inc., a subsidiary of Newmont, sold 50.5 million common shares for aggregate consideration of approximately $124.07-million, or $2.457 per common share. The disposition occurred through the facilities of the Toronto Stock Exchange.

Immediately prior to the disposition, Newmont beneficially held 119,716,667 common shares, representing approximately 14.95 per cent of the issued and outstanding common shares. Following the disposition, Newmont beneficially holds 79,216,667 common shares, representing approximately 8.64 per cent of the issued and outstanding common shares.

Newmont will evaluate its investment in Discovery from time to time, and may, based on such evaluation, market conditions and other circumstances, increase or decrease its shareholdings as circumstances require through market transactions, private agreements or otherwise.

This press release is issued pursuant to the early warning provisions of Canadian securities legislation. To obtain a copy of the early warning report filed by Newmont under National Instrument 62-103 (the Early Warning System and Related Take-Over Bid and Insider Reporting Issues), please contact Neil Backhouse at 1-303-837-5002 or at investor.relations@newmont.com.

About Newmont Corp.

Newmont is the world's leading gold company and a producer of copper, zinc, lead and silver. The company's world-class portfolio of assets, prospects and talent is anchored in favourable mining jurisdictions in Africa, Australia, Latin America and Caribbean, North America, and Papua New Guinea. 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. Newmont is an industry leader in value creation, supported by robust safety standards, superior execution and technical expertise. Founded in 1921, the company has been publicly traded since 1925.

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