Newmont Announces Completion of Miramar Offer

    DENVER, Jan. 18 /CNW/ - Newmont Mining Corporation (NYSE:   NEM) announced
today the successful completion of the offer by Newmont Mining B.C. Limited,
an indirect wholly-owned subsidiary of Newmont, to acquire all of the
outstanding common shares of Miramar Mining Corporation (TSX: MAE, Amex:   MNG),
which expired at 8:00 p.m. (Toronto time) on January 18, 2008. At the time of
expiry, Newmont took-up and accepted for payment an additional 5,957,442
common shares of Miramar that, together with the 189,399,621 common shares
previously taken-up under the offer and the 18,500,000 common shares already
indirectly owned by Newmont, represent approximately 96 percent of the
outstanding common shares of Miramar.
    Newmont has mailed a notice of compulsory acquisition pursuant to the
Business Corporations Act (British Columbia) to acquire all the remaining
common shares of Miramar that were not acquired pursuant to the offer.

    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.

For further information:

For further information: Investors, John Seaberg, (303) 837-5743,; or Omar Jabara, (303) 837-5114,, both of Newmont Mining Corporation, Web Site:

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