Newmont Receives Three Million Shares of Lydian International Inc. as
Consideration for the Sale of Its JV Interest in the Amulsar Gold Project


    


    
</pre>
<p><span class="xn-location">DENVER</span>, <span class="xn-chron">April 23</span> /CNW/ -- Newmont Mining Corporation (NYSE:   NEM) ("Newmont" or the "Company") announced today that its wholly-owned subsidiary, Newmont Overseas Exploration Limited ("NOEL"), has sold its joint venture interest in the Amulsar Gold Project to its joint venture partner Lydian International Inc. ("Lydian") (TSX: LYD).  On closing of the transaction, NOEL was issued three million ordinary shares of Lydian and received the first installment of future cash payments in accordance with the purchase agreement.</p>
<p/>
<p>After giving effect to this transaction, Newmont owns or controls, directly or indirectly, an aggregate of 8,150,000 ordinary shares of Lydian.  Based on information provided by the <span class="xn-location">Toronto</span> Stock Exchange, the 8,150,000 ordinary shares represent approximately 10.65% of the issued and outstanding ordinary shares of Lydian.</p>
<p/>
<p>NOEL acquired its securities in Lydian as consideration for the sale of its interest in the Amulsar Gold Project.</p>
<p/>
<p>Further information (including a copy of the report to be filed with Canadian securities regulators in connection with this transaction) can be obtained by contacting Newmont.</p>
<pre>
    





    

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


Custom Packages

Browse our custom packages or build your own to meet your unique communications needs.

Start today.

CNW Membership

Fill out a CNW membership form or contact us at 1 (877) 269-7890

Learn about CNW services

Request more information about CNW products and services or call us at 1 (877) 269-7890