Newmont to Acquire GT Gold in Agreed All-Cash Transaction - Seite 3

BMO Capital Markets and Maxit Capital LP have each provided an opinion to the GT Gold Board and Rothschild & Co has provided an opinion to the GT Gold Board and the Special Committee, each stating that, based upon and subject to the assumptions, limitations and qualifications set forth therein, the consideration to be received by GT Gold shareholders pursuant to the Transaction is fair, from a financial point of view, to GT Gold shareholders (other than Newmont).

Further details regarding the terms of the Transaction are set out in the Arrangement Agreement, which will be publicly filed by GT Gold under its profile at www.sedar.com. Additional information regarding the terms of the Arrangement Agreement, the background to the Transaction, the rationale for the recommendations made by the Special Committee and the GT Gold Board and how GT Gold shareholders can participate in and vote at the special meeting of GT Gold shareholders (the “Special Meeting”) to be held to consider the Transaction will be provided in the management information circular for the Special Meeting which will also be filed at www.sedar.com. Shareholders are urged to read these and other relevant materials when they become available.

Advisors and Counsel

BMO Capital Markets and Maxit Capital LP are acting as financial advisors to GT Gold, and Stikeman Elliott LLP is acting as GT Gold’s legal counsel. Rothschild & Co is acting as advisor to the Special Committee of GT Gold. Agentis Capital Mining Partners has provided technical and capital markets advice to the Special Committee of GT Gold.

Goodmans LLP and Lawson Lundell LLP are acting as legal counsel to Newmont.

About GT Gold

GT Gold is engaged in advancing its wholly-owned, 47,500 hectare Tatogga property, located in the renowned “Golden Triangle” near Iskut, British Columbia. To date, GT Gold has made two significant discoveries on the Tatogga property, “Saddle South”, a precious metal rich vein system and “Saddle North”, a gold-rich copper porphyry system. Given the pendency of the Transaction, it is expected that the Preliminary Economic Assessment for the Saddle North Project will not be completed in the timeframe that had been previously announced.