Newmont Mining Corp Announces Acquisition Of Shares Of Loncor Resources Inc.

Newmont Mining Corp announced that its subsidiary, Newmont Canada FN Holdings ULC (Newmont Canada), acquired by private placement 4,850,000 common shares (Common Shares) of Loncor Resources Inc. (Loncor) at a price of Cdn.$1.05 per share for an aggregate investment of $5,092,500. After giving effect to the exercise of warrants (Warrants) to acquire 1,000,000 Common Shares held by Newmont Canada and assuming no other security holder converts its convertible securities, Newmont Canadawould own or control approximately 15,550,000 Common Shares, representing approximately 20.89% of the outstanding Common Shares (calculated based on 74,439,732 outstanding Common Shares, including the Common Shares issuable upon exercise of the Warrants held by Newmont Canada and 9,245,000 Common Shares issued by Loncor pursuant to a concurrent public offering). Newmont Canada acquired its securities in Loncor for investment purposes. In the future, Newmont Canada and its affiliates may increase (through the exercise of the Warrants or otherwise) or decrease their ownership in the securities of Loncor depending on the business and prospects of Loncor as well as market conditions.