Overview

Newmont is developing its portfolio of world-class mining opportunities, including the Conga project in Peru, a large, copper-gold porphyry located 24 kilometers northeast of Newmont’s Yanacocha gold mine.

Conga is part of Newmont’s strategic plan to reach 7 million ounces of gold and 400 Mlbs of copper by the year 2017 while developing a diverse South American asset base. With an expected mine life of approximately 19 years, Newmont and its partners, Compania de Minas Buenaventura and the International Finance Corporation, will leverage its existing operations at Yanacocha to develop Conga’s potential within a world-class mining district.

In October 2010, the project’s Environmental Impact Assess-ment (EIA) was approved by the Peruvian authorities. Current-ly Newmont is securing the permits required to start mining and the construction of the process plant, as well as initiating construction of sediment control structures and platforms in preparation for the project’s first concrete pour, scheduled for the first half of 2012.

Newmont will continue to advance the project in 2012 with a focus on completing detailed engineering and procurement activities. Construction of the mill and mining activities are also set to begin in 2012. Production is expected in late 2014 to 2015.

As of December 31, 2010, Conga held approximately 6.1 million attributable ounces of gold reserves and 1.7 billion at-tributable pounds of copper reserves for the Conga Project.

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Conga is a large, copper-gold porphyry located 24 kilometers northeast of Newmont’s existing operations at Yanacocha in Peru.

Conga

Conga road construction underway

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Newmont Contact InformationInvestor Contacts: John Seaberg, 303-837-5743Karli Anderson, 303-837-6049Media Contacts: Omar Jabara, 303-837-5114 Diane Reberger, 303-967-9455 Roberto Del Aguila, (511) 976223801

About Newmont

Founded in 1921 and publicly traded since 1925, Newmont (www.Newmont.com) is one of the largest gold companies in the world. Headquartered in Denver, Colorado, the company has approximately 35,000 employees and contractors, with the majority working 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 2007 became the first gold company selected to be part of the Dow Jones Sustainability World Index. 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.

Health & Safety Highlights:– Proven safety track record at Yanacocha will be leveraged at Conga– Road upgrades complete

Community & Environmental Highlights – Successful public hearing on March 31, 2010 attended by more

than 4,000 people including national and local government of-ficials, farmers and other community members

– Water management practices incorporated in the Environmental Impact Assessment (EIA) were designed to mitigate impacts and create opportunities for social development with improved all-year water availability to surrounding communities

– In association with the non-profit foundation, Asociación Los Andes Cajamarca (ALAC), Conga is engaged in the sustainable development of communities by improving skills in textile design, manufacturing, animal breeding, crop improvement, handicraft designs, manufacturing, and other trades

– Training and local employment plans implemented within the mutu-ally agreed to “area of influence” which spans 32 communities

– Local contractors identified and qualified for work throughout the construction of Conga

Current Project Development Highlights:– Full funding approval by the Board of Directors received in July 2011 – Engineering procurement and construction contractor, Fluor,

selected and mobilized subcontractors for earthworks and main access road

– Technical Updates:· Bankable Feasibility Study complete· 2011in-fill and Geotechnical drilling campaign complete · Site work for building sediment control structures, access road, and

construction camp is underway· Procurement of process plant equipment progressing · Mine equipment procurement completed· Engineering more than half complete· Mining, Beneficiation, and other miscellaneous permits needed to

support full construction anticipated at the end of 2011– 2012 Planned Activities

· Complete detailed engineering · Complete all equipment and materials procurement· First concrete pour and construction of the mill begins· Mining activity begins

Projected Economic Impact:– ~5000-7,000 construction jobs– ~1,600 operation jobs – Preference given to local-locals for employment and contracted

services– Estimated royalties greater than US$680 million and income tax

greater than US$2 billion at metal prices ( $1,500/gold oz; $3.5/copper lb) with 50% of income tax being distributed regionally through the Canon Minero

Cautionary Statement: This document contains “forward-looking statements”, which are intended to be covered by the safe harbor created by U.S. federal securities laws and other applicable laws, including, without limitation, estimates of potential production, mineralization, CapEx and CAS, as well as expectations regarding the development, timeline, anticipated permitting and funding approvals and future economic impacts. Forward-looking statements are subject to risks and uncertainties, which could cause actual results to differ materially from future projected or implied results. Such risks include, but are not limited to, gold and other metals price volatility, currency fluctuations, increased production costs and variances in ore grade or recovery rates from those assumed in mining plans, political and operational risks, permitting and governmental regulation and judicial outcomes. For a more detailed discussion of such risks and other factors, see the Company’s 2010 Annual Report on Form 10-K filed with the SEC. we do not undertake any obligation to update any forward-looking statements, except as may be required under applicable securities laws.

1 Assumes permits without delays from current estimate2 Reserves and NRM as of 12/31/20103 All figures are un-escalated and based upon current business plan assumptions4 Excludes escalation, capitalized interest and sunk costs

Conga

Project Location 24 kilometers Northeast of Yanacocha Operations, Peru Lease 34k Hectares in the Conga area 6k Hectares Surface rightsOwnership Newmont: 51.35% Compania de Minas Buenaventura: 43.65% International Financial Corp: 5.00%Product Copper and GoldConstruction Employment ~ 5,000-7,000OperationFirst Production1 Late 2014-2015Attributable Initial Capex1,4 $2.0-$2.4BDuration ~19 years with significant reserve expansion potentialAttributable Potential Gold: 8-10 Moz potential with 6.1 Moz and Reserves in reserves and 1.6 Moz in NRM2

Copper: 4-6 Blbs potential with 1.7 Blbs in reserves and 0.5 Blbs in NRM2 Average Annual Attributable Gold: 300,000 to 350,000 oz/year Production (1st 5 years) Copper: 80-120 Mlbs/yearAverage Costs Applicable Gold: US $400-$450/oz to Sales (CAS) (1st 5 years)3 Copper: US $1.25-$1.75/lbMining Type Open PitInfrastructure Standard Copper Flotation Concentrator