NEWCREST MINING LTD

Newcrest Mining reports Cadia Hill’s September quarter performance was 52,316 ounces of gold and 6,610 tonnes of copper at a gross cash cost of $546 per ounce. This compares with the June quarter performance of 49,294 ounces of gold and 7,251 tonnes of copper at a gross cash cost of $754 per ounce. Cadia Hill’s gold production increased, reflecting marginally higher grades and improved recovery performance. This was partially offset by an additional mill shutdown during the period. Mining activities during the quarter continued to focus on Cutback 3. Waste mining from the open pit is planned to be completed by the end of the December 2009 quarter as mining moves deeper in the pit. Gold grade will progressively increase over the 2010 Financial Year as mining transitions from waste to ore mining.