Barrick Statement from Mark Bristow

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Barrick Statement from Mark Bristow

TORONTO, March 4, 2019 — Barrick President and Chief Executive Officer Mark Bristow said today that

Newmont’s Nevada joint venture proposal reinforced the frustration Barrick has experienced in its efforts to

unlock the value in the two companies’ assets in Nevada.

“Newmont’s latest proposal is essentially based on the stale and convoluted process that foundered

previously. As usual, it comes with unrealistic preconditions including swapping the chairmanship and the

leadership of the JV. Experience has shown us that JVs only work well when the majority owner is also the

operator,” he said.

“Nevada, with a combined 76 million ounces, will be worth a whole lot more if it is run by one operator. We

know we can do that more efficiently than Newmont, and that it will be worth a lot more to both Newmont

and Barrick shareholders under that scenario. By the way, based on analyst consensus NAV, the Nevada

JV ownership breakdown should be 63/37%, without the full potential of the Goldrush -Fourmile project

taken into account. If you factor that in, it’s materially more than 2/3-1/3 in favor of Barrick.”

Enquiries:

Kathy du Plessis

Telephone: +44 20 7557 7738

Email: [email protected]

Andy Lloyd

Telephone: +1 416 307-7414

Email: [email protected]

Website: www.barrick.com

Additional Information and Where to Find It

Barrick may file a registration statement on Form F -4 containing a prospectus of Barrick with the SEC in

connection with the proposed transaction or a proxy statement (the “Barrick Proxy”) in connection with

Newmont’s special meeting of stockholders. Any definitive proxy statement or final prospectus will be sent

to the stockholders of Newmont. Investors and security holders are urged to read the Barrick Proxy, the

prospectus and any other relevant document filed with the SEC if and when they become available,

because they will contain important information about Barrick, Newmont and the proposed transaction. The

Barrick Proxy, the prospectus and other documents relating to the proposed transaction (if and when they

become available) can be obtained free of charge from the SEC’s website at www.sec.gov. These

documents (if and when they become available) can also be obtained free of charge from Barrick by

directing a request to: Barrick Investor Relations: +1 416 861-9911, toll free (North America) at 1-800-720-

7415 and 161 Bay Street, Suite 3700, Toronto, Ontario M5J 2S1, Canada.

Participants in Solicitation

This communication is a not a solicitation of a proxy from any investor or securityholder. However, Barrick

and certain of its directors and executive officers may be de emed to be participants in the solicitation of

proxies from Newmont stockholders in connection with Newmont’s special meeting of stockholders under

the rules of the SEC. Certain information about the directors and executive officers of Barrick may be found

in its 2017 Annual Report on Form 40 -F filed with the SEC on March 26, 2018. Additional information

regarding the interests of these participants will also be included in the proxy statement and the prospectus

regarding the proposed transaction if and when they become available. These documents can be obtained

free of charge from the sources indicated above.

Non-Solicitation

This communication shall not constitute an offer to sell or the solicitation of an offer to sell or the solicitation

of an offer to bu y any securities, nor shall there be any sale of securities in any jurisdiction in which such

offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of

any such jurisdiction.