Newmont Welcomes Government of Canada's CA$500 Million Contribution to Red Chris Block Cave

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DENVER - July 2, 2026 - Newmont Corporation (NYSE: NEM, ASX: NEM, PNGX: NEM) ("Newmont") issued the following statement in response to the Government of Canada's announcement confirming financial support for the Red Chris Block Cave project:

"Newmont welcomes the Government of Canada's announcement of a CA$500 million contribution to support the Red Chris Block Cave project. As we advance through our approval process toward a final investment decision, this commitment strengthens the business case for the development of a world-class copper-gold operation.

"Newmont is currently completing a Definitive Feasibility Study for the project. The Red Chris Block Cave is expected to create more than 1,800 jobs during construction, sustain a total approximate workforce of 1,500 peak-season operational roles, and increase Canada's copper production by an estimated 15 percent.

"The project is expected to extend the life of the current Red Chris mine by approximately 14 years and sets the foundation for decades of potential additional mining. It represents a significant opportunity to create long-term value for Newmont's shareholders, strengthen critical mineral supply chains, and deliver long-term benefits for local communities, Indigenous partners, British Columbia, and Canada."

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Media Contact - Canada
Keivan Hirji

+1 [email protected]

Investor Contact - GlobalNeil [email protected]

Cautionary Statement Regarding Forward-Looking Statements
This news release may contain "forward-looking statements" within the meaning of the U.S. Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, which are intended to be covered by the safe harbor created by such sections and other applicable laws. Where a forward-looking statement 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, such statements are subject to risks and uncertainties, which could cause actual results to differ materially from future results expressed, projected or implied by the forward-looking statements. Forward-looking statements may include, without limitation, statements regarding the Red Chris Block Cave project, including expected timing and completion of the definitive feasibility study, the timing and outcome of approval processes and any final investment decision, anticipated project benefits, estimated mine life and mine life extensions, future production and productivity estimates, expected job creation and workforce levels, potential increases in Canadian copper production, future opportunities for additional mining, and anticipated value creation and benefits. Investors are reminded that the Red Chris Block Cave project remains subject to ongoing evaluation and approval processes and that a final investment decision regarding development of the project has not been made at this time. Forward-looking statements related to project development remain subject to known and unknown risks, uncertainties and other factors that may cause actual results to differ, including, without limitation: the completion and outcomes of technical and engineering studies, permitting and regulatory approvals, conditions of funding or support programs, capital and operating cost estimates, labor and contractor availability, supply chain constraints, commodity prices, foreign exchange rates, project execution risks, geotechnical conditions, market conditions, and other factors affecting the mining industry. For a discussion of additional risks and other factors that might impact future looking statements, see the Company's Annual Report on Form 10-K for the year ended December 31, 2025, filed with the U.S. Securities and Exchange Commission on February 19, 2026, under the heading Risk Factors. 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, except as may be required under applicable securities laws. Continued reliance on "forward-looking statements" is at investors' own risk.