Twiga Pays Maiden Dividend

PRESS RELEASE

All amounts expressed in US dollars

TWIGA PAYS MAIDEN DIVIDEND

Dar es Salaam, Tanzania, 13 October 2020 – Twiga Minerals Corporation, the joint venture between

the Tanzanian government and Barrick Gold Corporation (NYSE:GOLD)(TSX:ABX), has paid a maiden

interim cash dividend of $250 million in line with Barrick’s commitment to generate value for all

stakeholders through the 50/50 partnership.

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ince Barrick took over the former Acacia Mining’s assets in Tanzania just over a year ago, it has paid

approximately $205 million to the government in taxes , royalties and dividends in addition to the first

payment tranche under the two parties’ agreement to settle pre-Barrick disputes.

Barrick Enquiries:

Kathy du Plessis

Investor and Media Relations

+44 20 7557 7738

E

mail: [email protected]

Website: www.barrick.com

C

autionary Statement on Forward-Looking Information

Certain information contained in this press release, including any information as to Barrick’s strategy, plans, or future financial

or operating performance, constitutes “forward-l ooking statements”. All statements, ot her than statements of h istorical fact,

are forward-l ooking statements. T he word “commitment” and similar ex pressions i dentify f orward-looking statements. In

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

to generate value for all stakeholders throu gh the payment of cash dividends pursuant t o the 50/50 par tnership with Twiga

Minerals Corporation.

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 Barrick as at the date of this 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. Many of thes e uncertainties and contingencies can affect our actual results

and could cause actual res ults to differ materially from thos e expressed or implied in any forward-looking statements made

by, or on behalf of, us. Readers ar e cautioned that forward-l ooking statements ar e not guarantees of futur e performance.

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 discussion 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.

Barrick disclaims any intention or obligation to update or revise any forward-looking statements whether as a result o f new

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

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