Newmont Mining Corporation – Press Release
DENVER, Colorado and Vancouver, British Columbia, October 9, 2007 – Newmont Mining Corporation (NYSE: NEM) and Miramar Mining Corporation (TSX: MAE, AMEX: MNG) announced today that they have entered into a definitive support agreement that provides for the acquisition by Newmont, with the unanimous support of the Miramar board of directors, of all the outstanding common shares of Miramar for C$6.25 cash per common share. The acquisition will be effected through a take-over bid, the full details of which will be contained in Newmont’s take-over bid circular that is expected to be mailed to Miramar shareholders by the end of October. The transaction values Miramar at approximately C$1.5 billion on a fully-diluted basis. The offer represents a premium of approximately 29% over Miramar’s 20-day volume weighted average trading price on the TSX through October 5, 2007.
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