Mr. Daniel Oh reports

BARRICK REPORTS PRELIMINARY FULL YEAR AND FOURTH QUARTER PRODUCTION RESULTS

Barrick Gold Corp. had preliminary full-year gold production of 5.32 million ounces for 2017, in line with the Company's adjusted guidance of 5.30-5.50 million ounces, and preliminary full year gold sales of 5.30 million ounces. Preliminary fourth quarter gold production was 1.34 million ounces, and preliminary fourth quarter gold sales were 1.37 million ounces. The average market price for gold in the fourth quarter was $1,275 per ounce. All amounts expressed in U.S. dollars

Preliminary full year copper production was 413 million pounds, slightly below the Company's adjusted guidance of 420-440 million pounds for 2017, but in line with our original full year guidance of 400-450 million pounds. Preliminary full year copper sales were 405 million pounds. Preliminary copper production in the fourth quarter was 99 million pounds, and preliminary copper sales in the fourth quarter were 107 million pounds. The average market price for copper in the fourth quarter was $3.09 per pound.

Barrick will provide additional discussion and analysis regarding fourth quarter production and sales when the Company reports quarterly results on February 14, 2018, followed by a conference call and webcast on February 15 at 8:00 am ET. The following table includes preliminary gold and copper production and sales results from our operations:

                                  Production
                                  Three months ended  December 31, Twelve months ended  Dec. 31
                                  2017            2016            2017             2016
Gold (equity ounces (000s))
Barrick Nevada (1)                530             601             2,312            2,155
Pueblo Viejo (2)                  182             189             650              700
Lagunas Norte                     113             110             387              435
Veladero (3)                      110             177             432              544
Turquoise Ridge (4)               64              65              211              266
Acacia5                           95              136             491              530
Other Mines - Gold (6)            245             238             840              887
Total                             1,339           1,516           5,323            5,517

Copper (equity pounds (millions))99              101             413              415

                                      Sales                                                 
                          Three months ended  December 31,      Twelve months ended  December 31,
                                      2017            2016                  2017       2016 
Gold (equity ounces (000s))                                                                  
Barrick Nevada (1)                    539             582                   2,357      2,162
Pueblo Viejo (2)                      182             197                   637        700  
Lagunas Norte                         114             98                    397        425  
Veladero (3)                          114             194                   458        532  
Turquoise Ridge (4)                   81              69                    222        257  
Acacia5                               94              134                   379        521  
Other Mines - Gold (6)                248             245                   852        906  
Total                                 1,372           1,519                 5,302      5,503
                                                                  
Copper (equity pounds (millions))     107             107                   405        405  

(1) Includes our 60% equity share of Arturo.
(2)  Reflects our 60% equity share of Pueblo Viejo.
(3)  Reflects our 50% equity share of Veladero from July 1, 2017 onwards.
(4)  Reflects our 75% equity share of Turquoise Ridge.
(5)  Reflects our 63.9% equity share of Acacia.
(6)  Includes: Golden Sunlight; Hemlo; Porgera on a 47.5% basis; Kalgoorlie on a 50% basis;
     and Bald Mountain and Round Mountain up to the effective date of their sale, being
     January 11, 2016.

TECHNICAL INFORMATION

The scientific and technical information contained in this press release has been reviewed and approved by Steven Haggarty, P. Eng., Senior Director, Metallurgy of Barrick who is a "Qualified Person" as defined in National Instrument 43-101 {A –} Standards of Disclosure for Mineral Projects.

FOURTH QUARTER 2017 RESULTS

Barrick will report detailed fourth quarter results on Wednesday, February 14, after market close, followed by a conference call and webcast on February 15 at 8:00 am ET.

• Toll Free (U.S. and Canada): 1-800-319-4610
• International: +1 416 915-3239

The webcast and presentation materials will be available on Barrick's website at www.barrick.com. The conference call will be available for replay by phone at 1-855-669-9658 (U.S. and Canada toll free), and +1 604 674-8052 (international), access code 1928.

We seek Safe Harbor.