Mr. Mark Bristow reports

RECOMMISSIONING STARTS AS PORGERA PREPARES TO RESUME OPERATIONS IN Q1 2024

Following the formal completion of the Porgera project commencement agreement today, work has started on the recommissioning of Barrick Gold Corp.'s Porgera gold mine in Papua New Guinea, which has been in care and maintenance since April, 2020. This work is expected to be completed over the next few weeks, paving the way for mining and processing to restart in the first quarter of 2024.

Barrick president and chief executive Mark Bristow, who was closely involved in the negotiations that eventually delivered the restart agreement, said the mine's new ownership structure was in line with the company's host country partnership business model.

Operated by Barrick through Barrick Niugini Ltd. (BNL), a joint venture with Zijin Mining, Porgera joins the company's sector-leading gold asset portfolio with the potential for a Tier 1 production profile.

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