Mr. Cleve Rueckert reports

BARRICK DECLARES INCREASED DIVIDEND AND ANNOUNCES NEW DIVIDEND POLICY

Barrick Mining Corp. has declared a 42-cent-per-share dividend in respect of performance for the fourth quarter of 2025, representing an increase of 140 per cent over the third quarter, and has introduced a new dividend policy. All amounts are expressed in United States dollars.

The Q4 2025 dividend will be paid on March 16, 2026, to shareholders of record at the close of business on Feb. 27, 2026.

In addition to the dividend, Barrick repurchased approximately 12.11 million shares during Q4 under the share buyback program that was announced in February, 2025. During the year, Barrick repurchased approximately 51.90 million shares under the 2025 program, or approximately 3.0 per cent of Barrick's issued and outstanding shares at the time this year's program was announced, for cash of $1.5-billion, including $500-million paid during Q4.

In Q4 2025 and going forward, the company's new dividend policy targets a total payout of 50 per cent of attributable free cash flow on an annualized basis, comprising a fixed base quarterly dividend of 17.5 cents per share and a performance top-up component at each year-end based on the attributable free cash flow during the year. The dividend paid in any given year may be higher or lower than the 50-per-cent target based on the strength of cash flow, capital needs, balance sheet considerations and other factors.

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, Barrick's operations and projects span 17 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.

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