NEWMONT MINING SELLS NUNAVUT HOPE BAY PROJECT TO TMAC

Hope Bay Mining Ltd. (“HBML”), a subsidiary of Newmont Mining Corporation (NYSE: NEM) (“Newmont”), completed the sale of its Hope Bay Project located in Nunavut, Canada to TMAC Resources Inc. (“TMAC”), a privately held mining exploration and development-focused company. As consideration, HBML received shares in TMAC. TMAC plans to re-commence activities in the Hope Bay Greenstone Belt. Newmont will receive a one per cent net smelter returns royalty on future production from the Hope Bay Project.

Newmont was represented in-house by Melanie Smith, senior legal counsel, and Mark Ebel, associate general counsel; and by a Lawson Lundell LLP team that included Chris Baldwin (mining and corporate/commercial); Christine Kowbel (regulatory, mining, environmental and Aboriginal); Randall Chatwin (securities and mining); Karen MacMillan (mining and corporate/ commercial); Khaled Abdel-Barr (mining); Mandeep Dhaliwal and Elena Do (financial services); Len Glass (tax); Jennifer Nyland (regulatory and mining) and Kyla Schwartz (securities). Alan Bowman and Mark Bider-man of Goodmans LLP provided additional tax advice.

Cassels Brock & Blackwell LLP acted for TMAC with a team that included Jay Goldman, Gregory Hogan, Shaun Khullar and Chad Aboud (securities and mining); Christopher Norton (tax) and Jason Arbuck and Sara McKinnon (financial services).

Lawyer(s)

Gregory J. Hogan Mandeep Dhaliwal Randall C. Chatwin S. Jason Arbuck Christine J.S. Kowbel Jennifer Nyland Alan Bowman Elena Do Chris G. Baldwin Jay Goldman Leonard A. Glass Christopher B. Norton Karen L. MacMillan Khaled S. Abdel-Barr Mark Biderman