Release: Newmont announces buyer of NSEA

JAKARTA, 13 July 2006 -- Newmont Mining Corporation (NMC) officially announced that the Agincourt Consortium, comprising Agincourt Resources Ltd and its Indonesian partners, is the successful buyer of Newmont South East Asia Pte Ltd (NSEA).

NSEA, a wholly owned subsidiary of NMC, is a company registered in Singapore and is the majority shareholder of PT Newmont Horas Nauli (PT NHN), the holder of Contract of Work encompassing Martabe project.

VP Operations of NMC for Indonesia and Australia, Robert Gallagher, said, ?We are pleased that the sale of our interest in the mine project has been completed. The sooner the mining potential at PTNHN?s area is developed, the quicker the benefits will be enjoyed by the people and state of Indonesia.?

Newmont determined the winner of the share transfer bid process after taking into account the concerns of the Government of the Republic of Indonesia as the sovereign holder of its natural resources. (end of release)