1. Exploration & Reserves
1
Stephen Enders, Sr. VP, Worldwide Exploration

2. Cautionary Statement
Cautionary Note to U.S. Investors – The United States Securities and Exchange Commission permits U.S. mining
companies, in their filings with the SEC, to disclose only those mineral deposits that a company can economically and
legally extract or produce. We use certain terms in this presentation such as “measured”, “indicated”, “inferred”, and
“resources,” that the SEC guidelines strictly prohibit U.S. registered companies from including in their filings with the
SEC. U.S. Investors are urged to consider closely the disclosure in our Form 8-K, File No. 001-31240, which may be
secured from us, or from the SEC’s website at: http//sec.gov/edgar.shtml.
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 gold and copper production and
sales; (ii) estimates of future costs applicable to sales and the components thereof; (iii) estimates of future capital expenditures and
project costs; (iv) estimates regarding timing of future development, construction or production activities; (v) statements regarding
future exploration results and reserves; and (vi) 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 2006 Annual Report on Form 10-K, filed February 26, 2007
which is on file with the Securities and Exchange Commission, as well as the Company’s other SEC filings, including the prospectus
supplement dated October 15, 2007. 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.
February 8, 2008 2

3. Agenda
Gold Deposit Realities
The Limits to Discovery
Newmont’s Track Record
2007 Reserves and Non-Reserve Mineralization
2008 Exploration Program
Hope Bay Project
Boddington Project
Nassau Discovery
February 8, 2008 3

4. Gold Deposit Realities
Only 4% of All Gold Deposits are Over 5 Million Ounce
Actual Distribution Of Gold Deposits Total Resource And Reserves (Oz)
Actual Distribution Of Gold Deposits Total Resource And Reserves (Oz)
Frequency
Contained Gold (mm Oz)
2.2
February 8, 2008 4

5. Gold Deposit Realities
764 / 855 Deposits With Known Geographic Coordinates
February 8, 2008 5

6. The Limits to Discovery
Benchmarking Discovery*
Industry Track Record (1985-2003)
190 deposits > 1 mm oz containing 895 mm oz
Discovery rate is about ten 1 mm oz deposits per year
Approximately 5 of 10 are >3 mm oz, and only 14 total >10 mm oz
Cost of $28.6 B or ~$32/oz (greenfields and advanced projects)
*Industry Data from Schodde, 2004
February 8, 2008 6

7. The Limits to Discovery
Number of Gold Discoveries Found Per Year Over 1 Million Ounces
25 $5
Exploration Expenditures ($ Billion)
20 $4
Number of Discoveries
Industry Exploration Expenditures
15 $3
10 $2
5 $1
0 $0
* *
85
86
87
88
89
90
91
92
93
94
95
96
97
98
99
00
01
02
03
04
05
06
19
19
19
19
19
19
19
19
19
19
19
19
19
19
19
20
20
20
20
20
20
20
•Early Stages of Exploration Data
Source: PACRIM 2004 & MEG
February 8, 2008 7

8. Newmont’s Track Record
Newmont Track Record (1986-2004)
15 mm ozs discovered and initially reported from greenfields at costs of ~$50/oz
Resulted in 49 mm oz at ~$16/oz including growth from near-mine
February 8, 2008 8

9. Newmont’s Track Record
February 8, 2008 9

10. Newmont’s Track Record
100 93.8
93.2
92.4
91.3
86.5
80
60
Moz
64.8
55.5
40 46.9
41.4
34.1
20
0
2003 2004 2005 2006 2007
Cumulative Reserves From Exploration
Reserves Without Exploration Success
Peer Group Average*
Total Reserve Ounce Differential = 52.4 Million Ounces
Five-Year Exploration Cost = $804 Million
*Peer Group includes: ABX, AU, GFI, PDG
February 8, 2008 10

11. 2007 Results –
Gold Reserve Reconciliation
100
3.5
95 7.2
0.7
Ounces (million)
0.9
90
93.9 3.4
Industry-Wide Cost Pressures
85
Impacting Reserves: 86.5
Gold Price Assumption Increased 15%
80
Average Industry Operating Costs Increased 24%
75
s
7
6
n
ts
e
s
n
00
00
ng
io
on
en
tio
et
l2
2
si
a
m
i
l
Ch
al
dd
ep
i
ua
st
ev
u
A
D
e
ct
ct
n
R
iv
gi
A
A
D
ar
M
*Source: GFMS
February 8, 2008 11

12. 2007 Results –
Gold NRM* Reconciliation
35
2.3 3.4
1.0
0.3 5.6
Ounces (million)
30
31.8
25
25.9
20
15
s
7
6
ts
e
s
on
n
00
00
ng
on
en
tio
si
l2
2
si
a
m
er
i
Ch
al
dd
i
ua
st
ev
v
u
on
A
e
ct
ct
n
R
iv
gi
A
A
C
D
ar
M
*Non-Reserve Mineralization
February 8, 2008 12

13. 2008 Exploration Program
Budget by Category
G & A 5%
Technical Support 6%
Field Logistics 4%
ESR/Land/Legal 4%
Direct Drilling
57%
Labor
23%
Total 2008 Consolidated Budget ($ million) Inflation Impact
Expensed $220 - $230 11% Drilling Inflation
Capitalized $ 20 - $ 25 4% Labor Inflation
Total $240 - $255 2% Foreign Exchange Impact
February 8, 2008 13

14. 2004-2008 Budget Comparison
Consolidated $
$240 - $255
400
Newmont Expl Budgets ($$ M)
$198
Exploration Budgets ($$ B)
Au Industry Consolidated
200 $188
$187 $180 300
200
100
100
0 0
2004 2005 2006 2007 2008
Original FALC JV
Nassau Hope Bay
Au Industry Expl Budgets* Majors
Newmont
Newmont Budget Increase 11%
Industry Budget Increase 187%*
* Source: Minerals Economics Group; 2007 estimated
February 8, 2008 14

15. 2008 Exploration Program
February 8, 2008 15

16. Hope Bay Project
Hope Bay
P95 Resource = 5.5 Moz
February 8, 2008 16

17. Hope Bay Project
80 kilometer gold-rich
greenstone belt
Three known deposits:
Doris
Madrid
Boston
+20 identified prospects
in 5 regional camps
Kamik
February 8, 2008 17

18. Hope Bay Project –
Discovery History
12
10
R
MA
RA
I
Au (million ounces)
M
8
6
BHP
4
2
0
1999 2000 2001 2002 2003 2004 2005 2006
Miramar Reported Resources Miramar Reported Reserves
February 8, 2008 18

19. Boddington Project
’
A
A
February 8, 2008 19

20. Boddington Project
Newmont
Normandy (44.44%) Newmont (44.44%) (66.7%)
Project Approval
Feasibility
Feasibility Feasibility Project
Pre-Feasibility
Study Update
Study Study Update 2 expansion
Study
18 Purchase
Hedges Gold Mine
16
14
12
Au (Moz)
10
8
6
4
2
0
94
95
96
97
98
99
01
02
03
04
06
07
FS
U
FS
19
19
19
19
19
19
20
20
20
20
20
20
00
05
20
20
Reserves
February 8, 2008 20

21. Nassau Discovery
Atlantic Ocean
Guyana
∃
∃∃ Paramaribo
Paramaribo
∃
∃∃ Paramaribo
Maraba and
600000 mN
600000 mN
mN 600000 mN
600000 mN
600000 mN
600000 mN
600000 mN
600000 mN
Merian II Pits
Nassau Project
Nassau Project
Pakira
Guyana
French
500000 mN
500000 mN
mN
575000 mN
575000 mN
575000 mN
575000 mN
575000 mN
575000 mN
Santa Barbara
Margo
SURINAME
Mining Merian
400000 mN
400000 mN
mN
550000 mN
550000 mN
550000 mN
550000 mN
550000 mN
550000 mN
Witlage
300000 mN
300000 mN
mN
80 Km
525000 mN
525000 mN
525000 mN
525000 mN
525000 mN
525000 mN
Western
Brasil 20 Km Witlage
500000 mE
600000 mE
700000 mE
800000 mE
500000 mE
600000 mE
700000 mE
800000 mE
200000 mN
200000 mN
mN
725000 mE
750000 mE
750000 mE
775000 mE
775000 mE
800000 mE
800000 mE
725000 mE
750000 mE
750000 mE
775000 mE
775000 mE
800000 mE
800000 mE
725000 mE
750000 mE
750000 mE
775000 mE
775000 mE
800000 mE
800000 mE
725000
500000 mN
500000 mN
500000 mN
500000
February 8, 2008 21

22. Questions & Answers
22