Newmont Sells Royalty and Other Non-Core Assets Valued at Approximately $1.3 Billion to Franco-Nevada



    
    - Expects to record pre-tax gain of approximately $900 million in fourth
    quarter
    

    DENVER, Dec. 20 /CNW/ -- Newmont Mining Corporation (NYSE:   NEM) confirmed
today that it has sold its royalty assets and certain other non-core
investments to Franco-Nevada Corporation in a transaction valued at
approximately $1.3 billion (assuming a 20 day average US dollar/Canadian
dollar exchange rate of 0.996). The sale marks the culmination of the process
announced earlier this year by Newmont to monetize components of its royalty
and equity portfolio. Based on the current Canadian dollar exchange rate,
Newmont now expects to record a pre-tax gain from discontinued operations of
approximately $900 million in the fourth quarter in connection with the sale.
    Richard O'Brien, Newmont's President and CEO, said, "We are extremely
pleased with the outcome of the process that we announced earlier this year,
which we believe has maximized the value of these assets for the benefit of
our shareholders. The successful conclusion of this process on the timetable
that we had originally established allows us to move into 2008 with the
ability to devote our resources to the development of our core gold business."
    
    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.




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, for Newmont Mining Corporation Web Site:
http://www.newmont.com

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