AHAFO - NTOTOROSO

Franco-Nevada announced that the company has entered into agreements with Moydow Mines International for the acquisition of its 2% NSR royalty on a portion of Newmont’s Ahafo property in Ghana for consideration valued at US$58 million.

Moydow Mines International Inc. is issuing a press release regarding recent market speculation at the request of market regulation services on behalf of the Toronto Stock Exchange and in compliance with the AIM Rules. As previously reported, the company has received unsolicited offers for its 2% net smelter return royalty on the Ntotoroso gold property in Ghana and has appointed Sierra Partners LLC of Denver as financial advisor to consider strategic options to maximize shareholder value and it has held preliminary discussions with third parties expressing an interest in a potential transaction with the Corporation. The company further brings to the attention of the market certain information made public by Newmont Mining Corporation. Newmont has made public the fact that it is evaluating the potential of an underground mining operation at its Ahafo Mine in Ghana, a portion of which concerns land over which the company holds a 2% net smelter return royalty.

Newmont reports 6 month gold sales for the Ahafo Mine in Ghana for the quarter ended June 30, 2009. Gold ounces sold at Ahafo decreased 1% in the second quarter of 2009 compared to 2008 due to slightly lower mill recovery. Total tons mined increased to 15.2 million tons in the second quarter of 2009 from 14.4 million tons in the second quarter of 2008. Costs applicable to sales per ounce increased 10% in the second quarter of 2009 compared to 2008 due to less mined waste used in the construction of assets, higher labor, parts and consumables costs, higher contracted services costs and higher power costs, partially offset by lower diesel prices.