Newmont Generates First Quarter 2010 Operating Cash Flow of $728 Million; Adjusted Net Income(1) of $408 million, up 105% from First Quarter 2009

DENVER, CO Newmont Mining Corporation produced 433,000 equity ounces of gold at costs applicable to sales of $610 per ounce during the first quarter at its operations in Nevada. Equity gold production met expectations and costs applicable to sales were slightly higher than expected due to lower by-product credits, higher underground mining costs and higher production taxes. Gold ounces produced decreased 16% in the first quarter of 2010 from 2009 due to lower grade, throughput and recovery. Costs applicable to sales per ounce increased 20% in the first quarter of 2010 from 2009 due to lower production and higher surface mining costs related to geotechnical issues at Gold Quarry and lower capitalized mine development activities. The Company continues to expect 2010 equity gold production from Nevada of approximately 1.6 to 1.7 million ounces at costs applicable to sales of between $590 and $630 per ounce. Newmont reported first quarter results, with net cash from continuing operations of $728 million. Equity gold production for the quarter was 1.3 million ounces and the average realized gold price was $1,106 per ounce. Costs applicable to sales for gold were $480 per ounce on a co-product basis, resulting in adjusted net income of $408 million compared to $199 million in the prior year quarter. First Quarter 2010 Highlights: Equity gold and copper production of 1.3 million ounces and 90 million pounds, respectively; Average realized gold and copper price of $1,106 per ounce and $3.33 per pound, respectively; Costs applicable to sales for gold and copper of $480 per ounce on a co-product basis ($241 on a by-product basis) and $0.78 per pound, respectively; Sales of $2.2 billion, an increase of 46% over the first quarter of 2009; Gold operating margin of 57%, up from 52% in the first quarter of 2009; Net cash provided from continuing operations of $728 million, up 91% from the first quarter of 2009; Adjusted net income of $408 million, up 105% from the first quarter of 2009; and Maintaining 2010 outlook for gold production, costs applicable to sales and capital expenditures. "With a 22% increase in our average realized gold price, our net gold operating margin expanded by 32% to $626 per ounce, further demonstrating our ability to provide significant gold price leverage through expanding cash operating margins," said Richard O'Brien, President and Chief Executive Officer. We also recently secured the mining lease for our Akyem project in Ghana and continue our dialogue with local communities and Ghanaian authorities. In addition, we are advancing our development plans at Conga in Peru following a successful public meeting with local stakeholders. The strength of our balance sheet coupled with the progress being made on our advanced development assets, Newmont is well positioned to invest in our project pipeline while maintaining our financial strength and flexibility." The Company is maintaining its previously announced 2010 outlook for equity gold production of 5.3 to 5.5 million ounces and costs applicable to sales of between $450 and $480 per ounce on a co-product basis. Costs applicable to sales are expected to change by approximately $5 per ounce for every $10 change in the oil price and by roughly $5 per ounce for every 0.10 change in the Australian dollar exchange rate for the remainder of the year. In the first quarter of 2010, the Company reported equity gold production of 1.3 million ounces at costs applicable to sales of $480 per ounce on a co-product basis, in line with management's expectations. Costs applicable to sales per gold ounce increased 11% in the first quarter of 2010 from 2009 due to higher mining and milling costs and lower production in Nevada and at Yanacocha in Peru. The company's address is 6363 South Fiddler's Green Circle, Suite 800, Greenwood Village, CO 80111, 303.863.7414, fax: 303.837.5837.