Mr. Deni Nicoski reports

BARRICK PROVIDES UPDATE ON DISCUSSIONS WITH GOVERNMENT OF TANZANIA

Barrick Gold Corp. has provided an update on continuing discussions with the government of Tanzania concerning the proposed framework for Acacia Mining PLC'S operations in Tanzania.

Discussions between the government of Tanzania and Barrick are constructive. Progress has been made on the drafting of definitive agreements necessary for the implementation of the proposed framework.

In order to allow the process to continue in an orderly manner and without an arbitrary deadline, Barrick is not providing a timetable for the completion of the discussions at this time. If Barrick is able to conclude discussions satisfactorily with the government, the proposal will be provided to the independent committee of the Acacia board of directors for its consideration.

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.

We seek Safe Harbor