Mr. John Thornton reports

BARRICK ANNOUNCES BOARD APPOINTMENTS

Barrick Mining Corp. has appointed Robert Samek to its board of directors and will join the audit and risk and compensation committees. In addition, given the strong performance of the business under Mark Hill's leadership, the board has appointed him as president and chief executive officer to lead the company through the planned IPO (initial public offering) process of Barrick's North American gold assets, and has elevated him to the board as a non-independent director.

Mr. Samek, a Canadian national and former senior partner of McKinsey & Company, brings significant global experience in energy and materials. Over his 31-year career at McKinsey, he held many senior leadership positions. From 2015 to 2018, he was managing partner of the Americas Mining and Metals/Basic Materials practice. From 2010 to 2023, he led the public sector practice in Canada, with a focus on natural resources, infrastructure and industrials. He also created and led major new global practice areas for McKinsey: one in artificial intelligence for energy and mining (2016 to 2023); and another in Capital Projects (2009 to 2015). He was president of McKinsey & Company Canada from 2014 to 2023.

John Thornton, chairman of the board, said: "I want to welcome Rob to the board. He brings exceptional industry knowledge and insights from his distinguished career as a senior adviser to some of the natural resource industry's biggest companies. His insights and global perspective will be invaluable in helping drive Barrick's strategy."

Mr. Thornton continued: "The board is pleased to welcome Mark Hill as a director. Mark brings the rigor and operational discipline to fully capitalize on Barrick's world-class assets and capabilities, and to drive improved performance, growth and shareholder value. His deep operational knowledge and sector expertise will be invaluable as the board oversees the company's next stage of development."

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.