Newcrest Mining Limited (Newcrest) (ASX, TSX, PNGX: NCM) has released the Technical Report on its Red Chris Project (the Technical Report).

Following the endorsement of the Red Chris Block Cave Pre-Feasibility Study on 12 October 2021, Red Chris is considered a mineral project on a property material to Newcrest. A copy of the Technical Report can be found on Newcrest's website.

The Technical Report has been prepared in accordance with National Instruction 43-101 - Standards of Disclosure for Mineral Projects of the Canadian Securities Administrators (NI 43-101) and the provisions of Canadian Institute of Mining, Metallurgy and Petroleum (CIM) Definition Standards - for Mineral Resources and Mineral Reserves May 2014 (the CIM Definition Standards) for lodgement on Canadian Securities Administrators' 'System for Electronic Document Analysis and Retrieval' (SEDAR).

Note that NI 43-101 does not allow for Inferred Mineral Resources to be added to other Mineral Resource categories. Mineral Resources and Mineral Reserves in the Technical Reports are reported in accordance with the CIM Definition Standards. Terminology differences were addressed in that the term 'Ore Reserves' in the JORC Code is reported as 'Mineral Reserves' using the CIM Definition Standards, and the term 'Proved Ore Reserve' in the JORC Code is reported as 'Proven Mineral Reserves' using the CIM Definition Standards.

Contact:

Tom Dixon

Tel: +61 3 9522 5570

Email: Tom.Dixon@newcrest.com.au

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