Mr. Cleve Rueckert reports

BARRICK ANNOUNCES SALE OF INTEREST IN TONGON FOR UP TO $305 MILLION

Barrick Mining Corp. has reached an agreement to sell its interests in the Tongon gold mine and certain of its exploration properties in Ivory Coast to Atlantic Group for total consideration of up to $305-million. All amounts are expressed in U.S. dollars.

The consideration is composed of a cash consideration of $192-million, inclusive of a $23-million shareholder loan repayment within six months of closing, and contingent cash payments totalling up to $113-million payable based on the price of gold over 2.5 years and resource conversions over five years.

Proceeds from the sale will be used to further strengthen Barrick's balance sheet and support the company's commitment to continue to deliver returns to its shareholders.

Founded 48 years ago and owned by an Ivorian entrepreneur, Atlantic is a leading privately held multisectoral Pan-African Group with diversified interests in financial services, agriculture and industry, and a strong footprint across 15 countries in Africa. The acquisition will be completed through the purchase of Barrick's interests in the two Ivorian subsidiaries that hold the mine and exploration permits. By transitioning ownership to an Ivorian partner, Tongon enters a new chapter under local stewardship while preserving its record of operational excellence and community benefits.

Originally scheduled for closure in 2020, the life of Tongon has continued to be extended through successful exploration by Barrick. Since pouring its first gold in 2010, Tongon has generated over $2-billion to the Ivorian economy in the form of taxes, infrastructure development, salaries and payments to local suppliers.

The transaction is expected to be completed in late 2025, subject to customary closing conditions being satisfied, including approval by the government of Ivory Coast.

TD Securities Inc. and Treadstone Resource Partners are acting as financial advisers to Barrick. Lawson Lundell LLP is acting as legal counsel to Barrick.

About Barrick Mining Corp.

Barrick is a leading global mining, exploration and development company. With one of the largest portfolios of world-class and long-life gold and copper assets in the industry -- including six of the world's Tier 1 gold mines -- Barrick's operations and projects span 18 countries and five continents. Barrick is also the largest gold producer in the United States. The company creates real, long-term value for all stakeholders through responsible mining, strong partnerships and a disciplined approach to growth. Barrick shares trade on the New York Stock Exchange under the symbol B and on the Toronto Stock Exchange under the symbol ABX.

About Atlantic Group

Founded 48 years ago by an Ivorian entrepreneur, Atlantic Group has grown into one of Africa's leading multisectoral private groups. Based in Abidjan, Ivory Coast, the group drives growth across banking, insurance, agro-industry and industry, with a diversified presence in 15 countries throughout West, Central, East Africa and Indian Ocean. Guided by a vision of African excellence and economic sovereignty, Atlantic Group plays a pivotal role in advancing the continent's industrial transformation and financial inclusion. Through its diversified holdings -- ranging from universal banking, and life and non-life insurance, to cement production, cocoa processing, logistics and transport -- the group drives integrated value creation and sustainable development across its markets.

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