Senior Appointments Strengthen Barrick’s Exploration Team

PRESS RELEASE

NYSE : GOLD TSX : ABX

Senior Appointments Strengthen Barrick’s

Exploration Team

Toronto, August 3, 2020 – In line with its objective of finding and developing the best assets, Barrick Gold

Corporation (NYSE: GOLD) (TSX: ABX) has strengthened its exploration team through the appointment of

eminent geologists Aoife McGrath and Leandro Sastre in the newly created positions of vice president

exploration for Africa and Middle East, and Latin America and Asia Pacific respectively.

McGrath has worked with and led exploration teams in Africa, North and South America and Europe and

her experience spans the full spectru m of company size and exploration stages. Named as one of the

‘Global 100 Inspirational Women in Mining’, she has been involved in a number of major discoveries and

brings strong commercial skills to her new role.

Sastre was previously mine operations and technical manager at the Veladero gold mine. His wide skills

base ranges from exploration through ore control to resource modelling. He was closely involved with

Exeter’s discovery and delineation of the Caspiche orebody in Chile, now part of Barrick’s Norte Abierto

project, and the Cerro Moro orebody in Argentina, which is now an operating mine.

President and chief executive Mark Bristow said these appointments reflect Barrick’s commitment to what

it regards as its main growth driver. “Exploration ha s always been an integral part of Barrick’s strategy of

creating value and we look forward to the contribution Aoife and Leandro will make towards adding to our

global mineral inventory,” he said.

Enquiries:

Kathy du Plessis

Investor and Media Relations

+44 20 7557 7738

Email: [email protected]

Website: www.barrick.com

Cautionary Statement on Forward-Looking Information

Certain information contained in this press release, including any information as to our strategy, projects, plans

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

of historical fact, are forward-looking statements. The words “objective”, “develop”, “commitment”, “create”, “add”,

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

forward-looking statements including, without limitation, with respect to: Barrick’s objective to find and develop

the best assets, Barrick’s commitment to exploration as its main growth driver and Barrick’s goal to add to its

global mineral inventory. These statements are based on the reasonable assumptions, estimates, analysis, and

opinions of management made in light of management’s experience and perception of trends, current conditions,

and expected developments, as well as other factors that management considers to be relevant and reasonable

at the date that such statements are made. Forward- looking information involves known and unknown risks,

uncertainties, assumptions, and other factors that may cause the actual results, performance, or achievements

of the Company, as applicable, to be materially different from those anticipated, estimated, or intended. 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. 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.