Newmont’S Economic Interest in PT Newmont Mining Corporation ACT AA Newmont Nusa Tenggara (PTNNT) Was Reduced to 45% from 100% F 52.875%

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s of May 25, 2007, Newmont’s economic interest in PT Newmont Mining Corporation ACT AA Newmont Nusa Tenggara (PTNNT) was reduced to 45% from 100% F 52.875%. This reduction was due to the repayment of a loan by an Nusa Tenggara Mining Corp., Newmont Indonesia Limited Indonesian minority partner, PT Pukuafu (PTPI). Because PTPI’s (affiliate of Sumitomo Corp.) 20% interest was a carried interest that entitled Newmont to receive a portion of dividends payable to PTPI by PTNNT, Newmont reportedported a 56.25% 43.75% 52.875% economic interest in PTNNT. Subsequent to the loan repayment, Newmont’s economic interest was reduced to 45%, and the Nusa Tenggara Partnership PT Pukuafu (“PTPI”), Company recorded a net charge of $25 million (after-tax) against (“NTP”) (Indonesian National) minority interest expense to reflect the change in ownership structure. 80% 20%

IVESTITURE Also as a result of the loan repayment, PTPI is entitled to receive a full PT Newmont Nusa Tenggara –

D 20% of any dividends paid by PTNNT. Batu Hijau Mine (“PTNNT”)

Divestiture Requirements: Under the Batu Hijau Contract of Work (CoW) with the Indonesian government, beginning in 2005, and continuing through 2010, a portion of each foreign shareholder’s equity interest in PTNNT must be offered for sale to the Indonesian government or to Indonesian nationals as outlined in the table below. Based on PTPI’s current 20% minority interest in PTNNT, the foreign shareholders (Newmont and an affiliate of Sumitomo Corporation) were required to offer for sale 3% of PTNNT in 2006, followed by an additional 7% ownership in years 2007 through 2010. The price at which such interest must be offered for sale to the Indonesian parties is the highest of the then-current replacement cost, the price at which shares of PTNNT would be accepted for listing on the Jakarta Stock Exchange, or the fair market value of such Potential Potential NTP interest in PTNNT as a going concern. WNERSHIP AND WNERSHIP CoW Divestiture Required offer Current Indonesian Outstanding Interest Pursuant to this provision, it is possible that

O Schedule to Indonesians Ownership (PTPI) Required % Remaining the combined Newmont and Sumitomo March 31, 2005 15% 20% 0% 80% March 31, 2006 23% 20% 3% 77% ownership interest in PTNNT could be March 31, 2007 30% 20% 10% 70% reduced to 49% by the end of 2010, of which IJAU March 31, 2008 37% 20% 17% 63% Newmont would participate at 56.25%, for an

H March 31, 2009 44% 20% 24% 56% ownership of approximately 28% if all offered March 31, 2010 51% 20% 31% 49% interests were sold and accounted for as fully participating minority partners.

ATU 3% Interest Offered for Sale for $109 million and 7% Offered for $272 million: B

: In accordance with the CoW, 3% of PTNNT was offered to the government of Indonesia for $109 million, with pricing based on an agreed-upon valuation of the Batu Hijau mine and PTNNT’s other assets. While the central government declined to participate, local governments near the mine site area have expressed interest in acquiring the ownership interest, as have various Indonesian nationals. Ongoing discussions continue between the foreign shareholders and the various interested parties in order to complete the sale and meet the divestiture obligations. Additionally, based on the CoW’s 2007 requirements, an additional 7% interest in PTNNT was offered for sale in March 2007, with pricing at $272 million based on an agreed-upon valuation of the Batu Hijau mine.

C AUTIONARY STATEMENT NEWMONT MINING CORPORATION This publication contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, that are intended to be covered by the safe harbor created by such sections. Such forward-looking statements include, without limitation, (i) estimates of future gold and copper production and Investor Relations sales; (ii) estimates of future costs applicable to sales; (iii) estimates of future capital expenditures, royalty and dividend income, tax 1700 Lincoln St rates and expenses; (iv) estimates regarding timing of future development, construction, production or closure activities; (v) statements Denver, Colorado, USA 80203 regarding future exploration results and the replacement of reserves; and (vi) statements regarding potential cost savings, productivity, operating performance, cost structure and competitive position. Where the Company expresses or implies an expectation or belief as

MINING CORPORATION to future events or results, such expectation or belief is expressed in good faith and believed to have a reasonable basis. However, Investor Contact forward-looking statements are subject to risks, uncertainties and other factors, which could cause actual results to differ materially John Seaberg 303.837.5743 from future results expressed, projected or implied by such forward-looking statements. Such risks include, but are not limited to, gold and other metals price volatility, currency fluctuations, increased production costs and variances in ore grade or recovery rates [email protected] from those assumed in mining plans, political and operational risks in the countries in which we operate, and governmental regulation and judicial outcomes. For a more detailed discussion of such risks and other factors, see the Company’s 2006 Annual Report on Media Contact Form 10-K, filed February 26, 2007 which is on file with the Securities and Exchange Commission, as well as the Company’s other SEC filings. The Company does not undertake any obligation to release publicly revisions to any “forward-looking statement,” to Omar Jabara 303.837.5114 reflect events or circumstances after the date of this news release, or to reflect the occurrence of unanticipated events, except as may [email protected] be required under applicable securities laws.

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