Newmont Confirms Franco-Nevada Preliminary Prospectus Filing



    DENVER, Oct. 23 /CNW/ -- Newmont Mining Corporation (NYSE:   NEM) confirmed
today that Franco-Nevada Corporation ("Franco-Nevada") has filed a preliminary
prospectus with the securities regulatory authorities in Canada in connection
with Newmont's previously announced plans to monetize components of its
royalty and equity portfolio.  If Newmont chooses to pursue a public offering
in Canada of Franco-Nevada, then Franco-Nevada plans to use the proceeds of
the offering to acquire the royalty assets and certain other investments from
Newmont.  This possible public offering is one of several alternatives being
considered by Newmont, although there can be no assurance that the
monetization will be successful.
    If Newmont determines to proceed with a public offering in Canada of
Franco-Nevada's securities, these securities will not be registered under the
United States Securities Act of 1933, as amended, and will 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.
    
    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 possible 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 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 possible 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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