Newmont Announces Proposed Senior Notes Offering
Ticker Symbol: U:NEM

DENVER, Sept. 15 /PRNewswire-FirstCall/ -- Newmont Mining Corporation (the "Company") today announced its intention to offer its Senior Notes. The offering will be made pursuant to the Company's shelf registration statement filed with the Securities and Exchange Commission.

The notes will rank equally with the Company's existing and future unsecured senior debt and senior to the Company's future subordinated debt. The notes will be guaranteed on a senior unsecured basis by the Company's subsidiary Newmont USA Limited. This guarantee will be the unsecured senior obligation of Newmont USA Limited.

The Company intends to use the net proceeds of this offering for working capital and for general corporate purposes, including costs of exploration, development of the Company's project pipeline and acquisition initiatives that may become available to the Company, although no specific acquisitions have been identified as of the date of this news release. Pending those uses, the Company intends to repay a portion of the Company's senior revolving credit facility and place the remaining proceeds in short-term liquid investments.

Deutsche Bank Securities and UBS Investment Bank are the joint book-runners for the offering. When available, copies of the preliminary prospectus supplement and accompanying prospectus for the offering may be obtained from: Deutsche Bank Securities Inc., at 1-800-503-4611, or UBS Securities LLC, at 1-877-827-6444 ext 561-3884.

This news release does not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any sale of any of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. The securities being offered have not been approved or disapproved by any regulatory authority, nor has any such authority passed upon the accuracy or adequacy of the prospectus supplement or the shelf registration statement or prospectus. A registration statement relating to the securities has been filed with the Securities and Exchange Commission, which is effective upon filing; a preliminary prospectus supplement relating to the offering will be filed with the Securities and Exchange Commission.

Copies of the prospectus meeting the requirements of Section 10 of the Securities Act of 1933, as amended, may be obtained at www.sec.gov.