Mr. Graham Shuttleworth reports

BARRICK RAISES BASE DIVIDEND 25% AND DECLARES ENHANCED Q3 DIVIDEND

Barrick Mining Corp. has made a 25-per-cent increase in its quarterly base dividend to 12.5 cents per share. Consistent with the company's performance dividend policy, Barrick also announced a dividend of 17.5 cents per share for the third quarter of 2025, inclusive of a five-cent-per-share performance dividend. All amounts are expressed in U.S. dollars.

The Q3 2025 dividend will be paid on Dec. 15, 2025, to shareholders of record at the close of business on Nov. 28, 2025.

In addition to the enhanced quarterly dividend, Barrick repurchased approximately 18.6 million shares during Q3 under the share buyback program that was announced in February, 2025. As of the end of Q3, Barrick has repurchased approximately 39.79 million shares under this year's program, or approximately 2.3 per cent of Barrick's issued and outstanding shares at the time this year's program was announced, for cash of $1-billion, including $589-million paid during Q3.

The company's performance dividend policy has been updated to account for the increase in the base quarterly dividend as follows.

"Through a combination of enhanced dividends and share buybacks, we have provided significant financial benefits to our shareholders," said senior executive vice-president and chief financial officer Graham Shuttleworth. "Along with our strong operating performance, cash flows and strategic initiatives, we expect to continue to provide meaningful returns while maintaining a robust balance sheet."

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 -- including six of the world's Tier 1 gold mines -- Barrick's operations and projects span 18 countries and five continents. Barrick is also the largest gold producer in the United States. Barrick 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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