Mr. Andy Lloyd reports

BARRICK COMMENTS ON POTENTIAL IMPACT OF TANZANIA CONCENTRATE EXPORT BAN

Barrick Gold Corp. has commented on the potential impact of a continuing ban on mineral concentrate exports affecting the operations of Acacia Mining PLC in Tanzania.

Barrick holds a 63.9-per-cent equity interest in Acacia, a publicly traded company listed on the London Stock Exchange that is operated independently of Barrick. Financial results from Acacia are consolidated for accounting purposes. Cost and production information from Acacia is presented on an attributable basis in Barrick's quarterly and annual mine statistics and annual guidance.

Barrick's current 2017 guidance assumes a contribution of 545,000 to 575,000 ounces of gold (63.9-per-cent basis) from Acacia at a cost of sales of $860 (U.S.) to $910 (U.S.) per ounce and all-in sustaining costs of $880 (U.S.) to $920 (U.S.) per ounce.

Acacia operations impacted by the current ban on concentrate exports (Bulyanhulu and Buzwagi) account for approximately 6 per cent of Barrick's 2017 gold production guidance. In total, Acacia accounts for approximately 10 per cent of Barrick's 2017 gold production guidance.

Barrick is offering Acacia its full support as Acacia works to resolve this matter with the government of Tanzania. Barrick will evaluate any necessary adjustments to its full year outlook should Acacia determine a revision to its own 2017 guidance is required.

We seek Safe Harbor.