Nevada Gold Mines to Open Enormous Opportunities for Stakeholders

PRESS RELEASE

NYSE : GOLD TSX : ABX

Nevada Gold Mines to Open Enormous Opportunities

for Stakeholders

Elko, Nevada — May 9, 2019 — Nevada Gold Mines, the new joint venture between Barrick Gold

Corporation (NYSE:GOLD) (TSX:ABX) (“Barrick”) and Newmont Goldcorp Corporation (NYSE:NEM)

(TSX:NGT) (“Newmont Goldcorp”), is a classic case of the whole being more valuable than the sum of its

parts, Barrick President and Chief Executive Officer Mark Bristow said today.

At a presentation to local stakeholders, Bris tow said the logic for combining the two companies’ Nevada

assets has always been compelling, and now we are able to realize the potential by building on decades -

long efforts to realize these synergies. Teams from both sides are at present very constructiv ely engaged

in integrating the joint venture assets, and this process should be completed at the end of the current

quarter.

The name of the new joint venture company was revealed at Barrick’s quarterly results presentation

yesterday, and Bristow said its branding reflected the joint venture partners’ deep roots in Nevada, a state

rich in gold deposits.

“Nevada Gold Mines will have three Tier One 1 gold mines: Barrick’s Cortez; the combination of Barrick’s

Goldstrike and Newmont Goldcorp’s Carlin; and Barrick’s Turquoise Ridge with Newmont Goldcorp’s Twin

Creeks. In addition, our Goldrush-Fourmile project has the potential to become the fourth,” Bristow said.

“It will be one of the world’s greatest gold mining operations and will create sustainable, long-term value for

all its stakeholders, not least the State and people of Nevada.”

Bristow announced that Greg Walker, currently head of operations for Barrick’s North American region, had

been appointed as Executive Managing Director of Nevada Gold Mines. He will head a team representing

a balanced combination of Barrick and Newmont Goldcorp executives with dynamic energetic talent moving

up into leadership positions.

Nevada Gold Mines, owned 61.5% by Barrick and 38.5% by Newmont Goldcorp, will be operated by

Barrick. The operations making up the joint venture produced in excess of 4 million ounces of gold in 2018,

more than double the next largest gold mining complex.

Barrick Enquiries:

President and

Chief Executive Officer

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]

Website: www.barrick.com

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, plans,

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

than statements of historical fact, are forward-looking statements. The words “will”, “potential”, “long-term”

and similar expressions identify forward -looking statements. In particular, this press release contains

forward-looking statements including, without limitation, with respect to: the proposed Nevada joint venture,

including estimates of the expected size of the Nevada joint venture and other value-creating opportunities

(including estimated synergies and financial benefits); and the expected timing for the completion of

integration of assets and operations into the proposed Nevada joint venture.

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. Such factors include, but are not limited to: fluctuations in the

spot and forward price of gold, copper, or certain other commodities (such as silver, diesel fuel, natural gas,

and electricity); the ability to realize the anticipated benefits of the proposed joint venture or implemen ting

the business plan for the proposed joint venture, including as a result of a delay in its completion or difficulty

in integrating the Nevada assets of the companies involved; the risk that the conditions to formation of the

proposed joint venture will not be satisfied; the risk that the focus of management’s time and attention on

the proposed joint venture may detract from other aspects of the respective businesses of Barrick and

Newmont Goldcorp; the risks associated with each of Barrick’s and Newmont Goldcorp’s brand, reputation

and trust; the speculative nature of mineral exploration and development; changes in mineral production

performance, exploitation, and exploration successes; diminishing quantities or grades of reserves;

changes in national an d 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 and the United States; timing of receipt of, or failure to comply with,

necessary permits and approvals; failure to comply with environmental and health and safety laws and

regulations; litigation; increased costs, delays, suspensions, and technical challenges 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 techno logy systems; local and global political and economic conditions;

contests over title to properties, particularly title to undeveloped properties, or over access to water, power,

and other required infrastructure; employee relations including loss of key employees; increased costs and

physical risks, including extreme weather events and resource shortages, related to climate change; and

availability and increased costs associated with mining inputs and labor. In addition, there are risks and

hazards associa ted 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 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 c autionary

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 PRESS RELEASE

Barrick 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.

Endnote 1

A Tier One Gold Asset is a mine with a stated life in excess of 10 years with 2017 production of at least

500,000 ounces of go ld and 2017 total cash cost per ounce within the bottom half of Wood Mackenzie’s

cost curve tools (excluding state-owned and privately-owned mines). For purposes of determining Tier One

Gold Assets, total cash cost per ounce is based on data from Wood Mack enzie as of August 31, 2018,

except in respect of Barrick’s mines where Barrick may rely on its internal data which is more current and

reliable or in relation to Newmont Goldcorp, certain more recent information provided by Newmont Goldcorp

which Barrick has not independently verified. The Wood Mackenzie calculation of total cash cost per ounce

may not be identical to the manner in which Barrick calculates comparable measures. Total cash cost per

ounce is a non -GAAP financial performance measure with no st andardized meaning under IFRS and

therefore may not be comparable to similar measures presented by other issuers. Total cash cost per ounce

should not be considered by investors as an alternative to operating profit, net profit attributable to

shareholders, or to other IFRS measures. Barrick believes that total cash cost per ounce is a useful indicator

for investors and management of a mining company’s performance as it provides an indication of a

company’s profitability and efficiency, the trends in cash costs as the company’s operations mature, and a

benchmark of performance to allow for comparison against other companies. Wood Mackenzie is an

independent third party research and consultancy firm that provides data for, among others, the metals and

mining industry. Wood Mackenzie does not have any affiliation to Barrick.