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[GRAPHIC OMITTED] NEWS
Logo: Battle Mountain Gold
--------------------------
IMMEDIATE RELEASE CONTACT: JOSEPH J. BAYLIS
(713) 653-7239
BATTLE MOUNTAIN GOLD ANNOUNCES CONTINUING EXPLORATION
SUCCESS AT PHOENIX; VERA/NANCY
Houston, October 4, 2000 -- Battle Mountain Gold Company (BMG-NYSE;
BMC-TSE) today said that development drilling during the summer at its Phoenix
development project in Nevada continued to yield good results. A table
incorporating these results is attached. These results are not included in the
current reserve calculation, which now stands at 6.1 million ounces. An updated
reserve calculation will be reported at year end.
At the Pajingo Complex in Australia, where Battle Mountain has as 50%
interest, recent drilling has focused on extending the limits of the Vera-Nancy
ore horizon. Drilling along the northerly extension returned positive results
from the Anne structure, 1,500 ft. north of the Cindy pit, including 0.34 opt
Au/12.5 ft. and 0.43 opt Au/20 ft. Drilling along the southern extension has
continued to expand Vera South and a significant new structure called Jandam has
been identified 1,200 ft. south of Vera South. Battle Mountain believes that the
results are very favorable. Recent drill holes include 1.12 opt Au /27 ft., 0.68
opt Au/48 ft. and 0.59 opt Au over 110 ft. Additionally, new drilling 2,200 ft.
further south has intersected a second new zone, the Zed structure, returning
0.53 opt Au /113 ft.
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SELECTED DRILL INTERCEPTS, JULY 15 - SEPTEMBER 25, 2000
-------------------------------------------------------
DRILL HOLE TARGET INTERCEPT (IN FEET) AU AG CU
NO. TYPE AREA FROM TO WIDTH (OPT) (OPT) (%)
--------------------------------------------------------------------------------
IRON CANYON DEVELOPMENT
9141 RC Wing Fault 225 270 45 0.119 1.81 0.14
9142 RC Wing Fault 215 235 20 0.058 1.50 0.05
PHOENIX PIT DEVELOPMENT
8977 RC North Fortitude 485 505 20 0.076 0.29 0.06
8980 RC North Fortitude 505 525 20 0.106 2.12 0.42
9154 RC So. Battle Formation 925 1010 85 0.062 0.18 0.14
9155 RC So. Battle Formation 295 315 20 0.659 0.19 0.01
" " So. Battle Formation 410 450 40 0.203 0.39 0.23
" " So. Battle Formation 735 785 50 0.044 0.23 0.14
" " So. Battle Formation 1095 1135 40 0.046 0.39 0.41
9156 RC So. Battle Formation 280 385 105 0.030 0.21 0.29
" " So. Battle Formation 410 460 50 0.099 0.08 0.06
" " So. Battle Formation 960 1025 65 0.062 0.51 0.50
9158 RC So. Battle Formation 750 790 40 0.097 0.23 0.08
8981 RC East Pit 140 160 20 0.003 0.37 0.65
" " East Pit 280 380 100 0.005 0.13 1.08
9163 RC East Pit 45 215 170 0.003 0.15 0.57
9164 RC East Pit 5 90 85 0.003 0.27 0.47
GREATER MIDAS DEVELOPMENT
9129 RC Tomboy-Superior Hill 485 525 40 0.051 0.18 0.16
9134 RC Tomboy-Superior Hill 180 295 115 0.045 0.20 0.09
9185 RC Tomboy-Superior Hill 200 250 50 0.080 0.12 0.07
9186 RC Tomboy-Superior Hill 0 20 20 0.138 0.23 0.14
9187 RC Tomboy-Superior Hill 205 250 45 0.054 0.01 0.04
" " Tomboy-Superior Hill 265 285 20 0.030 0.06 0.06
9188 RC Tomboy-Superior Hill 350 395 45 0.044 1.27 0.61
9189 RC Tomboy-Superior Hill 360 395 35 0.077 0.20 0.15
9190 RC Tomboy-Superior Hill 300 365 65 0.070 0.34 0.13
9399 RC Tomboy-Superior Hill 235 255 20 0.126 0.08 0.03
9130 DDH North Midas 243 275 32 0.075 1.33 0.88
9304 RC North Midas 90 190 100 0.019 0.43 0.14
" " North Midas 275 420 145 0.119 1.78 0.78
9506 RC North Midas 125 190 65 0.019 0.20 0.33
9507 RC North Midas 0 35 35 0.026 0.12 0.17
" " North Midas 70 125 55 0.060 0.87 0.11
9505 RC Box Canyon 10 45 35 0.088 1.49 0.04
" " Box Canyon 65 145 80 0.070 0.19 0.03
" " Box Canyon 185 230 45 0.046 0.11 0.02
COPPER BASIN EXPLORATION
4407 RC Empire-No. Lights 35 70 35 0.060 0.11 0.10
" " Empire-No. Lights 220 260 40 0.042 0.65 0.09
" " Empire-No. Lights 320 350 30 0.061 0.35 0.05
" " Empire-No. Lights 380 400 20 0.096 0.78 0.05
4413 RC Empire-No. Lights 40 150 110 0.045 0.29 0.23
" " Empire-No. Lights 110 320 210 0.014 0.07 0.40
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4415 RC Empire-No. Lights 290 320 30 0.086 0.11 0.10
" " Empire-No. Lights 470 505 35 0.001 0.05 1.95
" " Empire-No. Lights 540 590 50 0.009 0.06 0.83
4419 RC Empire-No. Lights 310 470 160 0.055 0.08 0.10
4420 RC Empire-No. Lights 220 245 25 0.088 0.21 0.02
" " Empire-No. Lights 255 295 40 0.030 0.07 0.21
4421 RC Empire-No. Lights 160 200 40 0.005 0.10 0.23
" " Empire-No. Lights 435 490 55 0.074 0.47 0.05
4425 RC Empire-No. Lights 150 205 55 0.009 0.05 0.50
" " Empire-No. Lights 320 390 70 0.051 0.10 0.08
" " Empire-No. Lights 440 500 60 0.049 0.03 0.05
PRIVATE SECURITIES LITIGATION REFORM ACT SAFE HARBOR STATEMENT
This press release includes forward-looking information and statements about
Battle Mountain Gold Company that are intended to be covered by the safe harbor
for "forward-looking statements" provided by the Private Securities Litigation
Reform Act of 1995. Forward-looking statements are statements that are not
historical facts. These statements include financial projections and estimates
and their underlying assumptions; statements regarding plans, objectives and
expectations with respect to future operations, products and services; and
statements regarding future performance. Forward-looking statements are
generally identified by the words "expect," "anticipates," "believes,"
"intends," "estimates" and similar expressions. The forward-looking information
and statements in this press release are subject to various risks and
uncertainties, many of which are difficult to predict and generally beyond the
control of Battle Mountain, that could cause actual results to differ materially
from those expressed in, or implied or projected by, the forward-looking
information and statements. These risks and uncertainties include those
discussed or identified in the public filings with the U.S. Securities and
Exchange Commission (SEC) made by Battle Mountain; risks and uncertainties with
respect to the effect of gold price and foreign exchange rate fluctuations, and
general economic conditions such as changes in interest rates and the
performance of the financial markets, changes in domestic and foreign laws,
regulations and taxes, changes in competition and pricing environments, the
occurrence of significant natural disasters, civil unrest and general market and
industry conditions.
ADDITIONAL INFORMATION
Information regarding the identity of the persons who may, under SEC rules, be
deemed to be participants in the solicitation of stockholders of Battle Mountain
in connection with its proposed merger with a wholly owned subsidiary of Newmont
Mining Corporation, and their interests in the solicitation, are set forth in a
Schedule 14A filed by Battle Mountain on June 21, 2000 with the SEC. Newmont and
Battle Mountain will be filing a definitive proxy statement/prospectus and other
relevant documents concerning the proposed transaction with the SEC. Battle
Mountain filed preliminary proxy materials with the SEC on September 22, 2000.
INVESTORS ARE URGED TO READ THE PRELIMINARY PROXY MATERIALS THAT ARE AVAILABLE
NOW AND ANY OTHER RELEVANT DOCUMENTS INCLUDING THE DEFINITIVE PROXY
STATEMENT/PROSPECTUS THAT ARE FILED WITH THE SEC BECAUSE THEY CONTAIN IMPORTANT
INFORMATION ON THE PROPOSED MERGER TRANSACTION. Investors are able to obtain the
documents free of charge at the SEC's website (www.sec.gov). In addition,
documents filed with the SEC by Newmont may be obtained free of charge by
contacting Newmont Mining Corporation, 1700 Lincoln Street, Denver, CO 80203,
(303) 863-7414. Documents filed with the SEC by Battle Mountain will be
available free of charge by contacting Battle Mountain Gold Company, 333 Clay
Street, 42nd Floor, Houston, Texas 77002, (713) 650-6400. INVESTORS SHOULD READ
THE DEFINITIVE PROXY STATEMENT/PROSPECTUS CAREFULLY WHEN IT BECOMES AVAILABLE
BEFORE MAKING ANY VOTING OR INVESTMENT DECISION.
