Mr. Cleve Rueckert reports

BARRICK COMPLETES TONGON TRANSACTION

Further to its announcement on Oct. 6, 2025, Barrick Mining Corp. has completed the divestiture of its interests in the Tongon gold mine and certain of its exploration properties in Ivory Coast to the Atlantic Group for total consideration of up to $305-million. All amounts are expressed in U.S. dollars.

The consideration is composed of 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.

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. Barrick 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.

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