Newmont Receives Three Million Shares of Lydian International Inc. as
Consideration for the Sale of Its JV Interest in the Amulsar Gold Project

    


    
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<p><span class="xn-location">DENVER</span>, <span class="xn-chron">April 23</span> /CNW/ -- Newmont Mining Corporation (NYSE: NEM) ("Newmont" or the "Company") announced today that its wholly-owned subsidiary, Newmont Overseas Exploration Limited ("NOEL"), has sold its joint venture interest in the Amulsar Gold Project to its joint venture partner Lydian International Inc. ("Lydian") (TSX: LYD).  On closing of the transaction, NOEL was issued three million ordinary shares of Lydian and received the first installment of future cash payments in accordance with the purchase agreement.</p>
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<p>After giving effect to this transaction, Newmont owns or controls, directly or indirectly, an aggregate of 8,150,000 ordinary shares of Lydian.  Based on information provided by the <span class="xn-location">Toronto</span> Stock Exchange, the 8,150,000 ordinary shares represent approximately 10.65% of the issued and outstanding ordinary shares of Lydian.</p>
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<p>NOEL acquired its securities in Lydian as consideration for the sale of its interest in the Amulsar Gold Project.</p>
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<p>Further information (including a copy of the report to be filed with Canadian securities regulators in connection with this transaction) can be obtained by contacting Newmont.</p>
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For further information: Investors, John Seaberg, [phone], [email protected], or Media, Omar Jabara, [phone], [email protected], both of Newmont Mining Corporation Web Site: http://www.newmont.com