Newmont Announces Closing of Ovacik Sale


Denver, March 1, 2005 – Newmont Mining Corporation (NYSE: NEM) today announced the closing of the sale of its Ovacik mine, located in western Turkey, to a subsidiary of Koza Davetiye, a listed Turkish conglomerate. Consideration for the mine included $20 million paid at closing, and various contingent payments that could total as much as $24.5 million if all conditions precedent are met.

Ovacik produced 110,000 ounces of gold from January to August 2004, when the Ovacik operation was temporarily suspended pending additional permitting requirements.

Investor Contacts:
Wendy Yang (303) 837-6141
Jennifer Van Dinter (303) 837-5165
Randy Engel (303) 837-6033
Media Contacts:
Doug Hock (303) 837-5812