Colibri Acquires 4260 Hectare “Plomo Gold” Property Immediately East of Its Evelyn Project in Caborca Gold Belt, Sonora, Mexico

“North The usa is Barrick’s worth basis and the actual advantages of our advent of the Nevada Gold Mines advanced are actually changing into glaring within the type of mineral useful resource expansion and new discoveries. The standard and prospectivity of its portfolio can’t be overstated,” he mentioned.

“In Central The usa the plant enlargement undertaking we initiated on the Pueblo Viejo gold mine within the Dominican Republic is abruptly taking form. With its unlocked reserve base now status at 20 million oz ² , the lifetime of the mine — one of the vital six Tier One ³ belongings in our gold portfolio — has been prolonged past 2040 and it’ll deal with a mean annual manufacturing price above 800,000 oz over that point ⁴ .

“Some other of our Tier One belongings, the Loulo-Gounkoto advanced in Mali, which has produced greater than 9 million oz of gold since 2005, is ready to deal with its present price of manufacturing for the following 10 years, with its existence extending to 2037 ⁵ .”

Bristow mentioned Barrick used to be additionally attaining its strategic goal of considerably increasing its copper holdings. Paintings at the reconstituted Reko Diq undertaking in Pakistan — one of the vital biggest and best high quality undeveloped copper-gold deposits on the earth — has began, and the revitalized Lumwana mine in Zambia has commenced a pre-feasibility learn about at the Tremendous Pit enlargement. When each those tasks are finished in 2028 they are going to lift Barrick into the entrance rank of copper manufacturers.

“Brownfields exploration continues to unencumber prospective round our present belongings whilst greenfields paintings has began turning in actual worth. We are proceeding to make bigger our international exploration footprint with lively methods in different places in North The usa in addition to in Latin The usa, Saudi Arabia and Egypt,” he mentioned.

“Some of the highlights of final 12 months used to be the continuing expansion in our gold reserves and assets, pushed by means of our means of making an investment in natural expansion via exploration and mineral useful resource control. Barrick’s talent over the years to greater than exchange the oz we mine reinforces our sustainability and our sector-leading manufacturing profile.”

Demonstrating its dedication to sturdy shareholder returns, Barrick returned a file $1.6 billion ⁶ to shareholders final 12 months however this used to be no longer on the expense of its expansion technique, Bristow mentioned.

“We proceed to spend money on and roll out our 10-year gold and copper plans, projecting actual expansion on a gradual base-case manufacturing profile. This funding is made imaginable by means of the unequalled high quality of our belongings and the ample loose cash float they generate. Additionally embedded in our portfolio is an extended pipeline of high quality tasks from which we’re regularly unlocking worth. The power to develop with no need to shop for is an excessively important merit that differentiates Barrick from its friends,” he mentioned.

Bristow mentioned in step with Barrick’s dedication to a “highest other folks” body of workers it used to be aggressively recruiting promising younger execs throughout the entire related disciplines. The following era of leaders is already taking form within the corporate’s succession plans and final 12 months already noticed seamless transitions in a lot of key positions.

It is usually abruptly progressing the greening of its energy grid around the staff. Primary sun tasks within the Dominican Republic and Nevada, the growth of the solar energy and battery power garage machine at Loulo-Gounkoto and the deliberate solar energy dry season back-up for Kibali’s 3 hydropower crops is not going to most effective considerably advance Barrick against its 2050 internet 0 goal however will strengthen the mines’ margins by means of pruning power prices.

“Sustainability is key to Barrick’s trade. We consider that local weather dangers, poverty and variety loss are inextricably related and will have to be controlled holistically. This method is in response to our dedication to supporting the socio-economic building of our host international locations and communities. Closing 12 months on my own we invested $35 million in group building tasks,” he mentioned.

Additionally in the once a year file, government chairman John Thornton famous the numerous contribution Barrick’s operations make within the creating international locations wherein it operates.

“Mining can and will have to be a key catalyst for financial expansion and social upliftment. Barrick’s considerable contribution to our host international locations’ coffers and our similarly important funding within the welfare of the communities that border on our mines is making an actual distinction, highlighting the vital section the mining trade can play in narrowing the space between the richer and poorer international locations to make the sector a greater position,” he mentioned.

Barrick’s 2022 Annual Record, Annual Data Shape and Shape 40-F are actually to be had on SEDAR ( www.sedar.com ) and EDGAR ( www.sec.gov ), respectively. Up to date Nationwide Device 43-101 technical reviews for each and every of the Loulo-Gounkoto Gold Mine Advanced and the Pueblo Viejo Mine, present as of December 31, 2022, also are to be had on SEDAR and EDGAR.

To get entry to the above-mentioned paperwork, please talk over with www.barrick.com . Shareholders might also obtain a replica of Barrick’s audited monetary statements at no cost upon request to Barrick’s Investor Members of the family Division, 161 Bay Side road, Suite 3700, Toronto, Ontario, M5J 2S1 or to investor@barrick.com .

Enquiries

Web site: www.barrick.com

Endnotes

1. The merger of Barrick and Randgold finished on January 1, 2019.
2. On a 100% foundation. Estimated according to Nationwide Device 43-101 – Requirements of Disclosure for Mineral Initiatives as required by means of Canadian securities regulatory government. Estimates are as of December 31, 2022, except differently famous. Confirmed mineral reserves of 59 million tonnes grading 2.29g/t, representing 4.3 million oz of gold. Possible mineral reserves of 230 million tonnes grading 2.16g/t, representing 16 million oz of gold. Seek advice from the Technical Record at the Pueblo Viejo Mine, Dominican Republic, dated March 17, 2023 and filed on SEDAR at www.sedar.com and EDGAR at www.sec.gov on March 17, 2023. Whole attributable mineral reserve and mineral useful resource information for all mines and tasks referenced on this press unlock, together with tonnes, grades, and oz, may also be discovered within the Mineral Reserves and Mineral Sources Tables supplied on pages 37 to 46 of Barrick’s 2022 Annual Data Shape and Shape 40-F filed on SEDAR at www.sedar.com and on EDGAR at www.sec.gov.
3. A Tier One Gold Asset is an asset with a reserve prospective to ship a minimal 10-year existence, annual manufacturing of no less than 500,000 oz of gold and overall cash prices in keeping with ounce over the mine existence which are within the decrease part of the trade value curve.
4. On a 100% foundation. Seek advice from the Technical Record at the Pueblo Viejo Mine, Dominican Republic, dated March 17, 2023 and filed on SEDAR at www.sedar.com and EDGAR at www.sec.gov on March 17, 2023.
5. On a 100% foundation. Seek advice from the Technical Record at the Loulo-Gounkoto Gold Mine Advanced, Mali, dated March 17, 2023 and filed on SEDAR at www.sedar.com and EDGAR at www.sec.gov on March 17, 2023.
6. Via dividends and percentage buybacks.

Technical Data

The clinical and technical data contained on this press unlock has been reviewed and licensed by means of Craig Fiddes – SME-RM, Lead– Useful resource Modeling, Nevada Gold Mines; Chad Yuhasz, P.Geo, Mineral Useful resource Supervisor, Latin The usa & Asia Pacific; Richard Peattie, MPhil, FAusIMM, Mineral Sources Supervisor: Africa and Center East; Simon Bottoms, CGeol, MGeol, FGS, FAusIMM, Mineral Useful resource Control and Analysis Govt; and John Steele, CIM, Metallurgy, Engineering and Capital, each and every a “Certified Individual” as outlined in Nationwide Device 43-101 – Requirements of Disclosure for Mineral Initiatives .

All mineral reserve and mineral useful resource estimates are estimated according to Nationwide Device 43-101 – Requirements of Disclosure for Mineral Initiatives . Except differently famous, such mineral reserve and mineral useful resource estimates are as of December 31, 2022.

Cautionary Commentary on Ahead-Having a look Data

Positive data contained or integrated by means of reference on this press unlock, together with any data as to our technique, tasks, plans or long term monetary or working efficiency, constitutes “forward-looking statements”. All statements, as opposed to statements of ancient truth, are forward-looking statements. The phrases “high-potential”, “develop”, “deal with”, “make bigger”, “make investments”, “unencumber”, “proceed”, “will”, “dedication”, “unencumber worth”, “goal”, “contribution”, “catalyst”, “consider” and identical expressions determine forward-looking statements. Specifically, this press unlock accommodates forward-looking statements together with, with out limitation, with recognize to: Barrick’s approach to spend money on our 10-year gold and copper plans and expansion tasks whilst investment exploration projects to make bigger its presence in new potential spaces together with in North The usa, Latin The usa, Saudi Arabia and Egypt; Barrick’s international exploration technique and deliberate exploration actions; our talent to transform assets into reserves and long term reserve substitute; the expected advantages of the Pueblo Viejo plant enlargement and mine existence extension undertaking together with the development of the brand new Naranjo tailings garage facility; the possibility of the Reko Diq undertaking and proposed Tremendous Pit enlargement at Lumwana to seriously make bigger Barrick’s copper holdings; Barrick’s focal point on socioeconomic building in its host international locations in step with its sustainability imaginative and prescient; Barrick’s sun tasks and greenhouse fuel emissions relief objectives; Barrick’s projects to extend body of workers variety in step with its sustainability approach to create worth for all stakeholders; Barrick’s long term plans, expansion prospective, monetary energy, investments and total technique; and expectancies relating to long term worth assumptions, monetary efficiency, shareholder returns and different outlook or steerage.

Ahead-looking statements are essentially primarily based upon a lot of estimates and assumptions together with subject matter estimates and assumptions associated with the criteria set forth under that, whilst thought to be cheap by means of the Corporate as on the date of this press unlock in mild of control’s enjoy and belief of present prerequisites and anticipated trends, are inherently topic to important trade, financial and aggressive uncertainties and contingencies. Recognized and unknown components may just reason exact effects to fluctuate materially from the ones projected within the forward-looking statements and undue reliance will have to no longer be put on such statements and data. Such components come with, however don’t seem to be restricted to: fluctuations within the spot and ahead worth of gold, copper or sure different commodities (corresponding to silver, diesel gas, herbal fuel and electrical energy); dangers related to tasks within the early phases of analysis and for which further engineering and different research is needed; dangers associated with the chance that long term exploration effects is probably not in line with the Corporate’s expectancies, that amounts or grades of reserves might be decreased, and that assets is probably not transformed to reserves; dangers related to the truth that sure of the projects described on this press unlock are nonetheless within the early phases and would possibly not materialize; adjustments in mineral manufacturing efficiency, exploitation and exploration successes; dangers that exploration information could also be incomplete and really extensive further paintings could also be required to finish additional analysis, together with however no longer restricted to drilling, engineering and socioeconomic research and funding; loss of walk in the park with recognize to overseas felony programs, corruption and different components which are inconsistent with the guideline of regulation; adjustments in nationwide and native govt regulation, taxation, controls or laws and/or adjustments within the management of regulations, insurance policies and practices; expropriation or nationalization of assets and political or financial trends in Canada, america or different international locations wherein Barrick does or might elevate on trade one day; dangers in terms of political instability in sure of the jurisdictions wherein Barrick operates; approval of the general location of the extra TSF for Pueblo Viejo following submission of the ESIA within the Dominican Republic, non-renewal of key licenses by means of governmental government; failure to agree to environmental and well being and protection regulations and laws; contests over name to homes, in particular name to undeveloped homes, or over get entry to to water, energy and different required infrastructure; the legal responsibility related to dangers and hazards within the mining trade, and the power to deal with insurance coverage to hide such losses; larger prices and bodily dangers, together with excessive climate occasions and useful resource shortages, associated with local weather alternate; harm to the Corporate’s recognition because of the true or perceived prevalence of any choice of occasions, together with damaging exposure with recognize to the Corporate’s dealing with of environmental issues or dealings with group teams, whether or not true or no longer; litigation and felony and administrative complaints; working or technical difficulties in reference to mining or building actions, together with geotechnical demanding situations, tailings dam and garage amenities disasters, and disruptions within the upkeep or provision of required infrastructure and data generation programs; larger prices, delays, suspensions and technical demanding situations related to the development of capital tasks; dangers related to operating with companions in collectively managed belongings; dangers associated with disruption of provide routes which might reason delays in building and mining actions, together with disruptions within the provide of key mining inputs because of the invasion of Ukraine by means of Russia; possibility of loss because of acts of battle, terrorism, sabotage and civil disturbances; dangers related to artisanal and unlawful mining; dangers related to Barrick’s infrastructure, data generation programs and the implementation of Barrick’s technological projects; the affect of inflation, together with international inflationary pressures pushed by means of provide chain disruptions brought about by means of the continued Covid-19 pandemic and international power value will increase following the invasion of Ukraine by means of Russia; the power of control to enforce its trade technique and enhanced political possibility in sure jurisdictions; uncertainty whether or not some or all of Barrick’s centered investments and tasks will meet the Corporate’s capital allocation goals and inside hurdle price; worker members of the family together with lack of key staff; availability and larger prices related to mining inputs and exertions; and dangers related to illnesses, epidemics and pandemics, together with the consequences and prospective results of the worldwide Covid-19 pandemic. Barrick additionally cautions that its 2023 steerage could also be impacted by means of the continued trade and social disruption brought about by means of the unfold of Covid-19.

Many of those uncertainties and contingencies can have an effect on our exact effects and may just reason exact effects to fluctuate materially from the ones expressed or implied in any forward-looking statements made by means of, or on behalf of, us. Readers are cautioned that forward-looking statements don’t seem to be promises of long term efficiency. All the forward-looking statements made on this press unlock are certified by means of those cautionary statements. Explicit reference is made to the newest Shape 40-F/Annual Data Shape on document with the SEC and Canadian provincial securities regulatory government for a extra detailed dialogue of one of the components underlying forward-looking statements and the hazards that can have an effect on Barrick’s talent to reach the expectancies set forth within the forward-looking statements contained on this press unlock.

We disclaim any aim or legal responsibility to replace or revise any forward-looking statements whether or not because of new data, long term occasions or differently, except for as required by means of acceptable regulation.