Mr. Cleve Rueckert reports

BARRICK ADVANCES IPO OF NORTH AMERICAN GOLD ASSETS, ANNOUNCES EXECUTIVE APPOINTMENTS

Barrick Mining Corp. has made several executive appointments and has provided an update regarding the planned initial public offering (the IPO) of a minority stake of a new company that will hold its North American gold assets.

• Experienced and proven management team appointed, dedicated exclusively to North American gold assets;
• North American Barrick to include Barrick's stakes and operatorship of Nevada Gold Mines and Pueblo Viejo, as well as the Fourmile project;
• North American Barrick's gold assets had approximately 2.0 Moz (million ounces) attributable gold production in 2025, with opportunity for significant growth;
• Barrick will maintain a significant controlling interest in North American Barrick;
• IPO (initial public offering) targeted for completion by end of 2026.

Advantages of North American Barrick will include:

Dedicated and experienced management team: An executive leadership team dedicated exclusively to North American Barrick has been appointed. They have been working successfully together for many months. The team consists of experienced and proven Barrick veterans with deep expertise in operations, exploration and development. The team reports to Mark Hill, Barrick president and chief executive officer, and comprised:

• Tim Cribb, chief operating officer;
• Wessel Hamman, chief financial officer;
• Joe Heckendorn, chief legal officer and corporate secretary;
• Megan Tibbals, chief technical officer;
• Richard Barley, chief HR (human resources) officer;
• Javier Ortuzar, vice-president -- exploration;
• Amanda Steensen, vice-president -- sustainability.

Mark Hill said: "With our renewed focus and discipline, Barrick has been delivering extremely positive results in North America. The IPO is expected to accelerate this momentum by giving North American Barrick its own dedicated management team and highlighting the attractiveness of these gold assets in one of the premier gold districts in the world."

Tier 1 North America-focused portfolio: Portfolio of four Tier 1 gold assets located in premier mining jurisdictions in North America: Carlin, Cortez and Turquoise Ridge in the Nevada Gold Mines complex (NGM) and the Pueblo Viejo mine in the Dominican Republic. North American Barrick's assets produced approximately 2.0 Moz of gold production in 2025 attributable to Barrick's interests.

Growth profile driven by Fourmile: North American Barrick will also include Barrick's wholly owned Fourmile gold project, located adjacent to NGM. Barrick believes Fourmile is one of the most significant gold discoveries of this century and will be a significant high-grade and low-cost growth opportunity in North American Barrick's portfolio. It is anticipated that Fourmile will eventually be contributed to the NGM joint venture, in accordance with the NGM joint venture agreement.

Barrick has identified what it believes to be the optimal structure for the IPO of its North American assets. North American Barrick is expected to have its primary listing in New York, with a secondary listing in Toronto, subject to customary SEC (Securities and Exchange Commission) registration and Canadian prospectus qualification processes. Barrick is on track to complete the IPO by the end of 2026, subject to market and other conditions and necessary approvals.

The anticipated IPO will abide by all applicable commitments in Barrick's joint venture agreements. Barrick's leaders have been meeting with their counterparts at Newmont to discuss improving performance at NGM, the proposed IPO and the timeline of the vend-in on Fourmile. While Barrick is free to pursue the IPO unilaterally, it is working in close collaboration with its joint venture partner to ensure value is created and maximized for all.

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.

We seek Safe Harbor.