Mr. John Thornton reports

BARRICK APPOINTS SEBASTIAAN BOCK CEO, REST OF WORLD

Barrick Mining Corp. has appointed Sebastiaan Bock as chief executive officer, rest of world, effective immediately. Mr. Bock will lead Barrick's gold and copper operations and projects outside North America and will report to Mark Hill, president and chief executive officer of Barrick.

Barrick's rest-of-world portfolio includes gold and copper assets across Africa, the Middle East, Latin America and Asia Pacific. It produces more than two million gold equivalent ounces a year and is expected to grow by more than 20 per cent over the next three years.

John Thornton, Barrick's chairman, said: "Outside North America, our rest-of-world portfolio has a distinct advantage: our ability to work with Chinese partners, including joint mine ownership and co-investment. This can enable higher efficiency; broader access to advanced technologies, including those revolutionizing exploration, operations, processing and information management; access to leading equipment suppliers and comprehensive and agile supply chain solutions; and partnership opportunities, including shared infrastructure, resources and solutions, to derisk and improve outcomes."

"Seb's experiences and accomplishments are tailor-made for Barrick to build on this unique advantage," said Mr. Hill, Barrick's president and CEO. "He has experience across operations, finance, strategic planning, geopolitical issues, human resources and risk management. Seb is the ideal person to grow our rest-of-world business. He is a perfect example of Barrick's deep and global bench and the integrity and character of its leaders."

"I am excited to accept this new role quite simply because what Barrick does, matters," said Mr. Bock. "It matters to the thousands of employees and stakeholders I've been honoured to work with over the years. It matters to the communities where we work to create lasting and shared benefits. It matters to our investors, whose well-being is affected by how well our work is done. These partnerships will allow us to realize the benefits of our unique rest-of-world strengths."

Mr. Bock joined Barrick as senior vice-president and chief financial officer, Africa and Middle East, in January, 2019, and was appointed chief operating officer for the region in July, 2022. Under his guidance, the region has met or exceeded guidance every year and achieved significant growth. He has led the Lumwana expansion, the resolution of the situation in Mali, the achievement of record throughput at Kibali, and the growth of gold reserves at Loulo-Gounkoto and Bulyanhulu.

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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