Newmont Acquires Control of Miramar



    
    155,456,377 Common shares of Miramar tendered

    Offer period extended to January 4, 2008
    

    DENVER, Dec. 21 /CNW/ -- Newmont Mining Corporation ("Newmont") (NYSE:  
NEM) announced today that Newmont Mining B.C. Limited, an indirect
wholly-owned subsidiary of Newmont, has taken up 155,456,377 common shares of
Miramar Mining Corporation ("Miramar") (TSX: MAE, Amex:   MNG) under its offer
to acquire all of the common shares of Miramar at a price of C$6.25 cash per
common share.  The common shares that have been taken up under the offer,
together with the 18,500,000 common shares already indirectly owned by
Newmont, represent approximately 78 percent of the outstanding common shares
of Miramar.
    Newmont has extended the period for acceptance of its offer by
shareholders of Miramar that have not yet done so until 8:00 p.m. (Toronto
time) on January 4, 2008.  Newmont expects to mail a formal notice of
extension of its offer, all of the conditions of which have been satisfied or
waived, to all Miramar shareholders as soon as possible.
    The offer and take-over bid circular dated October 31, 2007 and the
notice of extension dated December 6, 2007, which have been filed with the
Canadian securities commissions and the United States Securities and Exchange
Commission are, and the notice of extension that is being filed will be,
available at http://www.sedar.com and http://www.sec.gov.
    MacKenzie Partners, Inc. is the information agent for the offer.
Shareholders can obtain copies of the offer and take-over bid circular and
related materials and the notices of extension at no charge from the
information agent, at (800) 322-2885 or by email at
miramar@mackenziepartners.com.
    
    About Newmont:
    
    Founded in 1921 and publicly traded on the NYSE since 1925, Newmont is
one of the largest gold companies in the world.  Headquartered in Denver,
Colorado, the company employs approximately 15,000 people, the majority of
whom work at Newmont's core operations in the United States, Australia, Peru,
Indonesia and Ghana.  Newmont is the only gold company listed in the S&P 500
index and in the Dow Jones Sustainability Index-World.  Newmont's industry
leading performance is reflected through high standards in environmental
management, health and safety for its employees and creating value and
opportunity for host communities and shareholders.
    
    About Miramar:
    
    Miramar is a Canadian gold company that controls the Hope Bay Project,
one of the largest undeveloped gold projects in North America. The Hope Bay
Project extends over 1,000 square kilometers and encompasses one of the most
prospective undeveloped greenstone belts in North America.
    Newmont and Miramar have filed (or will be filing) materials related to
the offer for all of the outstanding common shares of Miramar, including the
offer, the accompanying take-over bid circular and the Miramar directors'
circular and the notices of extension, with the Canadian securities
commissions and the U.S. Securities and Exchange Commission.  Investors and
security holders are advised to read these materials because they contain
important information.  Investors and security holders may obtain materials
that are filed with the Canadian securities commissions and the SEC, including
the offer, the accompanying take-over bid circular and Miramar's directors'
circular and the notices of extension, at http://www.sedar.com and
http://www.sec.gov.
    
    Cautionary Statement:
    
    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 proposed transaction. Where statements by
Newmont 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. Newmont does not undertake, and 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, Newmont expressly
disclaims any obligation to comment on expectations of, or comments made by,
third parties in respect of the proposed transaction.




For further information:

For further information: Investors, John Seaberg, +1-303-837-5743, 
john.seaberg@newmont.com, or Media, Omar Jabara, +1-303-837-5114, 
omar.jabara@newmont.com, both of Newmont Mining Corporation Web Site:
http://www.newmont.com


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