May 20, 2008

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May 20, 2008 2

Cautionary Statement

This presentation contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, that are intended to be covered by the safe harbor created by such sections. Such forward-looking statements include, without limitation, (i) estimates of future mineral production and sales; (ii) estimates of future costs applicable to sales, other expenses and taxes for specific operations, and on a consolidated basis; (iii) estimates of future capital expenditures, construction, production, or closure activities; and (iv) statements regarding potential cost savings, productivity, operating performance, cost structure and competitive position. Where the Company expresses or implies an expectation or belief as to future events or results, such expectation or belief is expressed in good faith and believed to have a reasonable basis. However, forward-looking statements are subject to risks, uncertainties and other factors, which could cause actual results to differ materially from future results expressed, projected or implied by such forward-looking statements. Such risks include, but are not limited to, gold and other metals price volatility, currency fluctuations, increased production costs and variances in ore grade or recovery rates from those assumed in mining plans, political and operational risks in the countries in which we operate, and governmental regulation and judicial outcomes. For a more detailed discussion of such risks and other factors, see the Company’s 2007 Annual Report on Form 10-K, filed on February 21, 2008, with the Securities and Exchange Commission, as well as the Company’s other SEC filings. The Company does not undertake any obligation to release publicly revisions to any “forward-looking statement,” to reflect events or circumstances after the date of this news release, or to reflect the occurrence of unanticipated events, except as may be required under applicable securities laws.

Explanation of Non-GAAP Measures and Certain MetricsThis presentation contains the non-GAAP financial measure adjusted net income and a reconciliation of adjusted net income to net income calculated in accordance with GAAP. Adjusted net income is not, and should not, be used in isolation or as an alternative to GAAP net income as reflected in the Company's consolidated financial statements. For further information concerning the use of adjusted net income by the Company and analysts, see the 2008 Earnings Release on Form 8-K furnished by the Company to the Securities and Exchange Commission on or about April 24, 2008, and the Company's other SEC reports.

May 20, 2008 3

Safety is First in Everything We Do

Tied for 1st place with a 4.5 Overall Safety Ranking

Source: Citibank’s “Towards Sustainable Mining 2” – November 28, 2007

Overall Safety Ranking

0

0.5

1

1.5

2

2.5

3

3.5

4

4.5

5

First Q

uantum

LihirKumba

NewmontIlu

kaNew

crest

Oxiana

Zinifex

Barrick

Xstrata

Implat

sVen

danta

AntoMac

arthur

LonminAquari

us

IncoAngloNorils

k

Peter H

ambro

AngloGoldGold Fiel

dsFree

port

May 20, 2008 4

Newmont’s Gold District Over 43 Million Acres of Land World-wide Two World-Class Deposits in Peru

OperationsMajor Projects

Hope Bay

Nevada

Yanacocha (51.35%)•JV with Buenaventura•2008 equity guidance:

885k – 925k ounces $370 – $390/oz CAS

La Herradura

Batu Hijau

Boddington

AhafoAkyem

Jundee

Kalgoorlie

Tanami

Waihi

Conga - Project (51.35%)•JV with Buenaventura•Advanced Stage 3 evaluation •2007 equity reserves:

6.1m ounces of gold1.7b pounds of copper

Kori Kollo

May 20, 2008 5

Bull Market for Gold

Global inflation is risingCurrent account deficit declining dollar valueReal gold price remains lowGold ETFs driving investment demand

Source: Newmont, Dundee Wealth Economics, “Chart Book; April 2008”

Spot Gold Price

$300

$450

$600

$750

$900

$1,050

May 20, 2008 6

Real Gold Price Remains Low

May 20, 2008 7

Lower Production and Higher Costs Worldwide

* Source: GFMS

2,476

2,645 $395

$176

2,350

2,400

2,450

2,500

2,550

2,600

2,650

2,700

2001 2002 2003 2004 2005 2006 2007

Glo

bal P

rodu

ctio

n (to

nnes

)

$0

$50

$100

$150

$200

$250

$300

$350

$400

$450

Tota

l Cas

h Co

sts

($/o

z)

Global Production

Industry Average Costs

May 20, 2008 8

Worldwide Exploration Budgets 1998-2007 (US $million)

May 20, 2008 9

Margin Expansion?

$195 $216 $232$288

$171$196

$209

$311

$389

$308

$697

$599

$441$412

$366

$0

$100

$200

$300

$400

$500

$600

$700

$800

2003 2004 2005 2006 2007

CAS/oz Operating Margin/oz Average Realized Gold Price

May 20, 2008 10

Gaining Market Momentum with Resolution and Execution

Eliminate hedge book

Divest non-core royalty assets

Focus on reserve growth—Miramar acquisition

Nevada power plant start-up

Renewed focus on cost containment and capital discipline

Yanacocha gold mill commissioning

May 20, 2008 11

Quarterly Margin Expansion

Margin growth from cost containment and unhedged production75% margin expansion from Q3 2007 on 37% rise in gold price

$404 $417 $374 $366

$245 $248 $307$419

$396

$537$649 $665 $681

$785

$933

$0

$100

$200

$300

$400

$500

$600

$700

$800

$900

$1,000

Q1 2007 Q2 2007 Q3 2007 Q4 2007 Q1 2008

CAS/oz Operating Margin/oz Average Realized Gold Price

May 20, 2008 12

Industry Leading Performance

San Jose ReservoirSan Jose Reservoir inaugurated in May 2008Capacity of 6 million cubic metersOnly half its capacity relates to mitigation$25 million investment

ISO 14001Minera Yanacocha first major mining project in Peru to receive ISO 14001 certification for its entire operationIn order to maintain the certification, Yanacocha will be:

– Audited four times over the next two years; and,– Expected to cooperate with regular environmental inspections scheduled

by Osinergmin.

San Jose Reservoir

May 20, 2008 13

Advanced Projects Update

Hope Bay, Canada – Stage 2 Conga, Peru – Stage 3 Akyem, Ghana – Stage 2

New 80km x 20km greenstone belt with significant exploration potential

AAA-rated country

Completed acquisition of Miramar in March 2008

Q1 mobilized for camp infrastructure and 2008 drilling

Equity reserves: 6.1m ounces of gold and 1.7b pounds of copper

Advanced Stage 3 evaluation

Permitting and community relations continuing

Gate 3 decision expected in 2008

Equity reserves: 7.7m ounces of gold

Ghanaian EPA accepted submittal of revised draft Environmental Impact Study - April 23, 2008

Permitting continuing

Gate 2 decision expected in 2008

May 20, 2008 14

Increasing Shareholder Value Through Focus and Execution

A New Day DawningWorld’s largest unhedged gold producerAggressively managing costsProviding significant leverage to thegold price Three consecutive quarters of strongoperating and financial performance Dow Jones Sustainability Index – World

Building Momentum while Building for the Future of Newmont• Strong project pipeline: four World-Class gold projects• Extensive portfolio of high-value investments • Politically diversified production from five continents

May 20, 2008

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