Mr. Deni Nicoski reports

BARRICK COMMENTS ON POTENTIAL IMPACT OF PAPUA NEW GUINEA EARTHQUAKE

Barrick Gold Corp. has confirmed that the power generation facility that supplies electricity to the Porgera joint venture mine experienced significant damage during the 7.5-magnitude earthquake that struck Papua New Guinea on Feb. 26, 2018.

The company is pleased to report that all Porgera joint venture employees and contractors have been accounted for, and no injuries have been reported. Barrick's top priority is to support Barrick (Niugini) Ltd. (BNL) in protecting the safety of those at site, and in the local communities, as recovery efforts get under way. BNL is the 95-per-cent owner of the Porgera joint venture and is the manager of the operation. Barrick and Zijin Mining each own 50 per cent of BNL.

The Hides natural gas power plant is located in the Hela province and is operated by BNL. Until full power can be restored, the mine is expected to operate at reduced capacity, supported by an existing on-site diesel power station, as well as through the procurement of additional generating capacity. Barrick is offering BNL its full support as BNL works to restore full power to the site.

Based on an initial assessment, Barrick does not expect this event to impact production to an extent that would require a revision to the company's consolidated 2018 gold production guidance of 4.5 million to 5.0 million ounces. The company will continue to monitor developments on the ground and will provide further updates if circumstances change.

We seek Safe Harbor.