Mr. Mark Bristow reports

BARRICK SETS THE STANDARD IN ADVANCING UNITED NATIONS' SUSTAINABLE DEVELOPMENT GOALS

As the world moves toward the United Nations' Sustainable Development Goals 2030 target, Barrick Mining Corp. remains committed to playing its part by driving economic growth, enabling social progress and protecting the environment, said president and chief executive officer Mark Bristow in the company's 2024 sustainability report, published today. All amounts are expressed in U.S. dollars.

Called beyond the horizon, the report highlights Barrick's journey from the transformational merger in 2019 to becoming a leader in responsible mining, underscoring its commitment to sustainability-driven growth, community empowerment and environmental stewardship, focused on long-term value creation and measurable outcomes.

"When we created the new Barrick in 2019, our vision was to build a business that delivers sustainable value for generations to come. Today, that vision is becoming reality. We're contributing meaningfully to our host countries' economies, developing local business capacity and leaving a lasting legacy across every region where we operate. At Barrick, sustainability is not part of the business. It is the business. We make concrete plans, invest in their delivery and measure our impact at the community level to ensure real, lasting change. As Barrick grows, so do the opportunities for our host communities," he said.

In the six years since the merger, Barrick has distributed over $100-billion in economic value across its host countries through wages, local business support and tax contributions. Barrick's community development committees, established at every site, have invested more than $200-million in community-led projects. These include schools, clinics, water infrastructure and sustainable farming programs, all managed directly by local communities to ensure projects meet real needs and drive long-term economic resilience. This year's report demonstrates that the value invested is only the start, and key metrics, aligned with the SDGs, are focused on tangible improvements to eradicate poverty, are tracked through time and with ambitious targets set for 2030.

As Barrick enters a new growth phase through the rest of the decade, it has also recalibrated its greenhouse gas emission profile and reduction road map to align with its expanding production base and increased renewable energy footprint supporting its ambitious net zero by 2050 target.

"We're not buying our growth. We're building it," said group sustainability executive Grant Beringer. "That means we're adding new emissions, not inheriting existing ones. Our forecast has been updated to transparently reflect this, and we continue to invest in renewables, energy efficiency and supplier engagement to ensure we scale with discipline. Our 2050 net zero commitment remains firm -- while our medium-term emissions targets are still aligned with our original principles, albeit linked to emissions intensity reductions, in line with our evolving production profile."

This year, Barrick introduced a new site-level Sustainable Development Goal performance framework, setting a benchmark for transparent, community-focused progress. This framework tracks site-level development across indicators such as clean water, education and health care, reflecting Barrick's commitment to measurable impact in line with the United Nations SDGs.

"We use the SDGs not as a communications tool but as a delivery framework," said Mr. Beringer. "Whether it's reducing malaria in the DRC, improving maternal health in Pakistan or restoring water infrastructure in Argentina, our success is measured in real-world outcomes for real people."

Other highlights for the year include the fact that 97 per cent of Barrick's employees and 76 per cent of its senior site management are host country nationals. In 2024, Barrick spent $7.1-billion with local and in-country suppliers, driving local business growth and economic resilience. The company also reused or recycled 85 per cent of its water intake, and major solar and hydro investments are currently under way in Pakistan, Argentina and the Democratic Republic of the Congo.

The full 2024 sustainability report, Beyond the Horizon, is available on Barrick's website.

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