Mr. Cleve Rueckert reports

BARRICK BOARD AUTHORIZES $3.0 BILLION SHARE REPURCHASE

Barrick Mining Corp.'s board of directors has authorized the repurchase of up to $3.0-billion of the company's outstanding common shares at prevailing market prices. All amounts are expressed in United States dollars.

Following solid execution and strong free cash flow, this authorization is intended to return cash to shareholders at a time when Barrick sees exceptional value in its own shares, particularly in anticipation of the planned IPO (initial public offering) of North American Barrick.

The repurchase authorization does not oblige the company to acquire common shares. Repurchases can be made through published markets in the United States, such as the New York Stock Exchange, using a variety of methods, including open market purchases, as well as by any other means permitted under the rules of the U.S. Securities and Exchange Commission and other applicable legal requirements.

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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