Barrick Confirms Continuing Commitment to PNG Government and Porgera Community

PRESS RELEASE

NYSE : GOLD TSX : ABX

Barrick Confirms Continuing Commitment to PNG

Government and Porgera Community

PORT MORESBY, Papua New Guinea — February 18, 2019 — On his first visit to Papua New Guinea

as the new President and CEO of Barrick Gold Corporation (NYSE:GOLD)(TSX:ABX), Mark Bristow said

the global mining group is committed to strengthening the Company’s partnership with the government and

local communities, which has enabled the Porgera gold mine to deliver substantial benefits to PNG for

almost 30 years.

During his four-day visit, Bristow met with Deputy Prime Minister Charles Abel and representatives of the

Porgera Landowners Association, including Chairman Mark Ekepa and member Dixon Pundi. Bristow also

hosted a dinner for Enga Provincial Governor Sir Peter Ipatas, Minister for Foreign Affairs & Trade Rimbink

Pato, Member of Parliament for Lagaip-Porgera, Tomait Kapili, and Member of Parliament for Wabag, Dr.

Lino Tom.

Bristow discussed the importance of strengthening Porgera’s partnership with the community and

maintaining positive relationships with local landowners over the life of the mine. He also highlighted the

mine’s longstanding partnersh ip with the State, and reaffirmed Barrick’s commitment to engaging with

Government representatives and landowners to negotiate an extension of the Porgera Special Mining

Lease that will allow the mine to remain productive, while also delivering benefits for stakeholders over the

long term.

Bristow added that Porgera is a long-term asset for both Barrick and Zijin that will require significant capital

investment to sustain operations. Without the security of an extended mining lease, it would be difficult t o

justify further significant investments in the mine, he said.

The Porgera gold mine pays significant compensation to local landowners for the use of the land where the

mine is located. The mine has also paid over Kina 3.3 billion in taxes and more than Kina 520 million in

royalties to the State, making a significant contribution to the national economy by providing a long -term

source of public revenue and supporting the development of critical infrastructure in Enga and surrounding

provinces.

“At Barrick, we believe that our host countries must be true partners, sharing both the responsibility and the

benefits that come with mining,” said Bristow. “We are ready to engage with the government to breathe new

life into this long-standing partnership, so that the Porgera Joint Venture continues to deliver benefits to all

stakeholders.”

Barrick and Zijin Mining Group each own a 47.5% interest in the Porgera Joint Venture through Barrick

(Niugini) Limited. Mineral Resources Enga owns the remaining 5% interest.

Enquiries:

President and CEO

Mark Bristow

+1 647 205 7694

+44 788 071 1386

Senior Executive Vice-President

and Chief Financial Officer

Graham Shuttleworth

+44 1534 735 333

+44 779 771 1338

Investor and Media Relations

Kathy du Plessis

+44 20 7557 7738

Email: [email protected]

BARRICK GOLD CORPORATION PRESS RELEASE

Cautionary Statement on Forward-Looking Information

Certain information contained in this press release, including any information as to Barrick’s strategy for the

Porgera Joint Venture and its future financial, operating or sustainability performance, constitutes “forward -

looking statements”. All statements, other than statements of historical fact, are forward-looking statements. The

words “hope”, “potential”, “unlock”, “will”, “believe”, “expect”, “strategy” and similar expressions identify forward -

looking statements. In particular, this press release con tains forward -looking statements including, without

limitation, with respect to (i) Barrick’s strategy to unlock the growth potential of the Porgera Joint Venture; (ii) the

application to extend the special mining lease to facilitate future operations at the Porgera Joint Venture; (iii)

future investment in the Porgera Joint Venture; and (iv) the environmental, health and safety, corporate social

responsibility (including social and economic development, water management and community relations) and

human rights programs, policies and performance of the Porgera Joint Venture. Forward-looking statements are

necessarily based upon a number of estimates and assumptions that, while considered reasonable by the

Company as at the date of this press release in li ght 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: risks associated with working with partners in jointly

controlled assets; 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 tru e or not; 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 Papua New Guinea; risk

of loss due to acts of war, terrorism, sabotage and civil disturbances; litigation and legal and administrative

proceedings; contests over title to properties, particularly title to undeveloped properties, or over access to water,

power and other required infrastructure; the risk that previously announced transactions may not close when

planned or at all, or on the terms and conditions originally agreed; employee relations; increased costs and risks

related to the potential impact of climate change; fluctuations in the spot and forward price of gold, copper, or

certain other commodities (such as silver, diesel fuel, natural gas, and electricity); the speculative nature of

mineral exploration and development; changes in mineral production performance, exploitation, and exploration

successes; risks associated with the implementation of Barrick’s capital allocation and investment strategy;

diminishing quantities or grades of reserves; increased costs, delays, suspensions, and technical ch allenges

associated with the construction of capital projects; operating or technical difficulties in connection with mining or

development activities, including geotechnical challenges, and disruptions in the maintenance or provision of

required infrastructure and information technology systems; failure to comply with environmental and health and

safety laws and regulations; timing of receipt of, or failure to comply with, necessary permits and approvals. 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 or gold concentrate losses (and the risk of inadequat e 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 materially 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 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 Gold Corporation disclaims 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.