Newmont Responds to Barrick Press Release, Confirms Companies Had Settle Prelim Draft Summary of Indicative Terms

In response to the most recent press release issued by Barrick Gold Corporation

, Newmont Mining Corporation

confirms that the two companies had settled a preliminary draft summary of indicative terms for discussion purposes. Newmont did not renege and strongly disagrees with Barrick's characterization of events that followed. As previously disclosed, discussions with the Co-Chairman of Barrick on certain fundamental strategic and structural issues proved to be unproductive and agreement could not be reached.