| Orbit Garant Renews Hope Bay Drilling Contract with Newmont Mining Val-d’Or, Quebec, June 23, 2011 – Orbit Garant Drilling Inc. (TSX: OGD) today announced that it has renewed a diamond core drilling services contract with Hope Bay Mining Company, a subsidiary of Newmont Mining Corporation (NYSE: NEM), at the Hope Bay gold exploration and development project in Nunavut, Canada. Under terms of the contract, Orbit Garant will provide heli-portable drill rigs and accompanying crews for an additional three years, commencing January 1, 2012. Orbit Garant expects to drill between 110,000 and 145,000 metres over the course of the new contract. Orbit Garant was initially contracted for diamond core drilling services at the Hope Bay project in 2008. “We are delighted to extend our drilling services contract with Newmont at its Hope Bay project,” said Eric Alexandre, President and Chief Executive Officer of Orbit Garant. “This contract renewal demonstrates our commitment to providing exceptional drilling services and building long-term relationships with our customers.” About Orbit Garant Orbit Garant is one of the largest Canadian-based drilling companies, providing both underground and surface drilling services in Canada and internationally through its 176 drills and more than 850 employees. Orbit Garant provides services to major, intermediate and junior mining companies, through each stage of mining exploration, development and production. For more information, please visit the Company’s website at www.orbitgarant.com. About Newmont Founded in 1921 and publicly traded since 1925, Newmont (www.newmont.com) is one of the largest gold companies in the world. Headquartered in Colorado, the Company has approximately 34,000 employees and contractors, with the majority working at core operations in the United States, Australia, Peru, Indonesia, New Zealand and Ghana. Newmont is the only gold company listed in the S&P 500 index and in 2007 became the first gold company selected to be part of the Dow Jones Sustainability World Index. Newmont’s industry leading performance is reflected through high standards in environmental management, health and safety for its employees and creating value and opportunity for host communities and shareholders. Forward-looking information This press release may contain forward-looking statements (within the meaning of applicable securities laws) relating to business of Orbit Garant Drilling Inc. (the “Company”) and the environment in which it operates. Forward-looking statements are identified by words such as “believe”, “anticipate”, “expect”, “intend”, “plan”, “will”, “may” and other similar expressions. These statements are based on the Company’s expectations, estimates, forecasts and projections. They are not guarantees of future performance and involve risks and uncertainties that are difficult to control or predict. These risks and uncertainties are discussed in the Company’s regulatory filings available at www.sedar.com. There can be no assurance that forward-looking statements will prove to be accurate as actual outcomes and results may differ materially from those expressed in these forward-looking statements. Readers, therefore, should not place undue reliance on any such forward-looking statements. Further, a forward-looking statement speaks only as of the date on which such statement is made. The Company undertakes no obligation to publicly update any such statement or to reflect new information or the occurrence of future events or circumstances. For further information:Eric Alexandre President and Chief Executive Officer (819) 824-2707 Ext. 233Bruce Wigle Investor Relations (416) 447-4740 Ext. 232 |