Barrick’s Sustainable Delivery Centered on the Achievement of UN Sustainable Development Goals

PRESS RELEASE

NYSE : GOLD TSX : ABX

All amounts expressed in US dollars

Barrick’s Sustainable Delivery Centered on the

Achievement of UN Sustainable Development Goals

Toronto, April 26, 2023 – (NYSE:GOLD) (TSX:ABX) – Barrick Gold Corporation’s sustainability strategy

is based on integrated and holistic management and aligned with the objectives of the United Nations’

Sustainable Development Goals (SDGs), that seeks to deliver outcomes that are achievable,

demonstrable and align with global prior ities, says president and chief executive Mark Bristow in the

company’s 2022 Sustainability Report, published today.

Bristow says by using the SDGs as the central framework of its sustainability reporting, Barrick is better

able to link an integrated appr oach to sustainability management, and to avoid the siloed thinking and

mere box-ticking approach that can be a consequence of taking an ESG compliance- driven approach.

Barrick’s latest Sustainability Report, its fifth since the transformational merger with Randgold Resources

in 2019, still complies with important key reporting frameworks, but its primary lens for understanding

and measuring its progress in sustainability aligns with a focus on the SDGs — an often-forgotten global

commitment.

“Our sustainability approach allows us to tackle the challenges of alleviating poverty, managing changes

to the climate and preserving biodiversity holistically and concurrently because they are inextricably

connected,” he says.

For example, Barrick generated more than $10.7 billion in economic value and created 21,000 jobs in

2022 (SDG 8: Decent Work and Economic Growth). Additionally, 96% of its employees and 78% of its

senior site managers are host country nationals , and $1.4 billion worth of goods and services were

procured from suppliers in the communities closest to its mines. In total, Barrick spent over $6.1 billion

on host country suppliers in 2022.

It also invested more than $36 million in community development projec ts from education facilities in

Nevada (SDG 4: Quality Education), to business incubators in the Dominican Republic (SDG 9: Industry,

Innovation and Infrastructure) and gender -based violence awareness in Tanzania (SDG 5: Gender

Equality). Barrick’s employees at its Pueblo Viejo mine in the Dominican Republic are now 23% women,

with a target of 50% female representation for all new hires (SDG 5: Gender Equality and SDG 10:

Reduced Inequality). Pueblo Viejo is the first Dominican mining company to have been awarded the

highest level of gender equality certification by the country’s Ministry of Women and the United Nations

Development Programme.

On the environmental front, Barrick has set itself a greenhouse gas emissions reduction target that is

both demonstrable and achievable (SDG 13: Climate Action). The company’s total emissions in 2022

were 6,705kt CO2e (Scope 1 and 2: market-based), which is 6% lower compared to the year before and

an 11% reduction against its 2018 baseline.

BARRICK GOLD CORPORATION PRESS RELEASE

“Our vision is to create the world’s most valued gold and copper mining company by creating long-term

value for all our stakeholders, driving social and economic development in our host communities and

countries, and to responsibly manage the impact of our business on the environment. For us,

sustainability is instrumental in our continued drive to operate mines that are welcomed and respected

as development partners throughout the world,” Bristow says.

Enquiries

Investor and Media Relations

Kathy du Plessis

+44 20 7557 7738

Email: [email protected]

Website: www.barrick.com

Cautionary Statement on Forward-Looking Information

Certain information contained or incorporated by reference in this press release, including any information as to our strategy,

projects, plans or future financial or operating performance, constitutes “forward-looking statements”. All statements, other than

statements of historical fact, are forward- looking statements. T he words “committed”, “vision”, “strategy”, “target”, “roadmap”,

“strive”, “objective”, “goals”, “seeks”, “will”, “can” and similar expressions identify forward -looking statements. In particular, this

press release contains forward-looking statements including, without limitation, with respect to: Barrick’s sustainability strategy

and vision; Barrick climate strategy and approach to managing climate risks; Barrick’s greenhouse gas emission reduction

targets and ultimate aim to achieve net zero emissions by 2050, including by implementing the projects set out in its 2022

Sustainability Report; and Barrick’s environmental, health and safety, corporate social responsibility and human rights programs,

policies and performance, including regarding local community relations, economic contributions and education and employment

initiatives.

Forward-looking statements are necessarily based upon a number of estimates and assumptions including material estimates

and assumptions related to the factors set forth below that, while considered reasonable by the Company as at the date of thi s

press release in light of management’s experience and perception of current conditions and expected developments, are

inherently subject to significant business, economic and competitive uncertainties and contingencies. Known and unknown

factors could cause actual results to differ materially from those projected in the forward-looking statements and undue reliance

should not be placed on such statements and information. Such factors include, but are not limited to: failure to comply with

environmental and health and safety laws and regulations; increased costs and physical and transition risks related to climate

change, including extreme weather events, resource shortages, emerging policies and increased regulations relating to related

to greenhouse gas emission levels, energy efficiency and reporting of risks; non-renewal of key licences by governmental

authorities; changes in national and local government legislation, taxation, controls or regulations and/or changes in the

administration of laws, policies and practices; expropriation or nationalization of property and political or economic developments

in Canada, the United States and other jurisdictions in which the Company or its affiliates do or may carry on business in th e

future; timing of receipt of, or failure to comply with, necessary permits and approvals; lack of certainty with respect to foreign

legal systems, corruption and other factors that are inconsistent with the rule of law; risks associated with illegal and art isanal

mining; risks associated with new diseases, epidemics and pandemics, including the effects and potential effects of the global

Covid-19 pandemic; damage to the Company’s reputation due to the actual or perceived occurrence of any number of events,

including negative publicity with respect to the Company’s handling of environmental matters or dealings with community groups,

whether true or not; risk of loss due to acts of war, terrorism, sabotage and civil disturbances; the impact of inflation, including

global energy cost increases following the invasion of Ukraine by Russia; litigation and administr ative proceedings; contests

over title to properties, particularly title to undeveloped properties, or over access to water, power and other required

infrastructure; risks associated with working with partners in jointly controlled assets; and employee rel ations including loss of

key employees. Barrick also cautions that its 2023 guidance may be impacted by the ongoing business and social disruption

caused by the spread of Covid-19. In addition, there are risks and hazards associated with the business of mineral exploration,

development and mining, including environmental hazards, industrial accidents, unusual or unexpected formations, pressures,

cave-ins, flooding and gold bullion, copper cathode or gold or copper concentrate losses (and the risk of inadequate insurance,

or inability to obtain insurance, to cover these risks).

Many of these uncertainties and contingencies can affect our actual results and could cause actual results to differ material ly

from those expressed or implied in any forward-looking statements made by, or on behalf of, us. Readers are cautioned that

forward-looking statements are not guarantees of future performance. All of the forward-looking statements made in this press

release are qualified by these cautionary statements. Specific reference is made to the most recent Form 40-F/Annual

Information Form on file with the SEC and Canadian provincial securities regulatory authorities for a more detailed discussio n

of some of the factors underlying forward-looking statements and the risks that may affect Barrick’s ability to achieve the

expectations set forth in the forward-looking statements contained in this press release.

We disclaim any intention or obligation to update or revise any forward-looking statements whether as a result of new

information, future events or otherwise, except as required by applicable law.