Franco-Nevada Corporation Files Amended and Restated Preliminary Prospectus for Possible Initial Public Offering in Canada



    /NOT FOR DISTRIBUTION TO US NEWSWIRE SERVICES OR DISSEMINATION IN THE
    UNITED STATES/

    TORONTO, Nov. 15 /CNW/ - Franco-Nevada Corporation announced today that
it has filed an amended and restated preliminary prospectus with the
securities regulatory authorities in each of the provinces and territories of
Canada in connection with Newmont Mining Corporation's previously announced
plans to monetize components of its royalty and equity portfolio. If Newmont
decided to dispose its royalty and equity portfolio to Franco-Nevada,
Franco-Nevada would undertake a public offering in Canada and use the proceeds
of the offering to acquire the royalty and equity portfolio.
    Earlier this year, Newmont announced plans to monetize components of its
royalty and equity portfolio to fund the development of its core gold
business. Newmont is evaluating alternatives to maximize the realized value of
that portfolio, including its sale to Franco-Nevada and a private sales
transaction.
    The securities of Franco-Nevada would not be registered under the United
States Securities Act of 1933, as amended, and would not be offered for sale
in the United States absent registration or an applicable exemption from
registration requirements. This press release does not constitute an offer to
sell or a solicitation of an offer to buy the securities described in this
release, nor shall there be any sale of these securities in any state or other
jurisdiction in which such an offer, solicitation or sale would be unlawful
prior to registration or qualification under the securities laws of any such
jurisdiction.

    This news release contains forward-looking statements, including
    "forward-looking statements" within the meaning of applicable Canadian
    and United States securities laws. Such forward-looking statements
    include, without limitation, statements regarding the timing, terms and
    conditions and anticipated consequences of the possible transaction.
    Where statements by Franco-Nevada express or imply an expectation or
    belief as to future events or results, such expectation or belief is
    expressed in good faith and believed to have a reasonable basis. However,
    forward-looking statements are subject to risks, uncertainties and other
    factors, which could cause actual results to differ materially from
    future results expressed, projected or implied by such forward-looking
    statements. Franco-Nevada expressly disclaims any obligation to release
    publicly revisions to any forward-looking statement to reflect events or
    circumstances after the date of this news release, or to reflect the
    occurrence of unanticipated events, except as may be required under
    applicable securities laws. Additionally, Franco-Nevada expressly
    disclaims any obligation to comment on expectations of, or comments made
    by, third parties in respect of the possible transaction.





For further information:

For further information: David Harquail, Chief Executive Officer, (416)
480-6480; Paul Brink, Chief Financial Officer, (416) 480-6480


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