Barrick Gold Corporation announced the expiration and final results of its previously announced tender offer to purchase for cash any and all of its 5.250% Notes due 2042. The Offer was made pursuant to the terms and subject to the conditions set forth in the Offer to Purchase dated November 14, 2022 relating to the Notes and the accompanying notice of guaranteed delivery. Capitalized terms used but not defined in this announcement have the meanings given to them in the Offer to Purchase.

Set forth in the table below is the aggregate principal amount of Notes validly tendered and not validly withdrawn prior to the Expiration Date, according to information provided by Global Bondholder Services Corporation, the Information Agent and Depositary in connection with the Offer. The Tender Offer expired at 5:00 p.m. (New York City time) on November 18, 2022 (the Expiration Date). For Holders who delivered a Notice of Guaranteed Delivery and all other required documentation at or prior to the Expiration Date, upon the terms and subject to the conditions set forth in the Tender Offer Documents, the deadline to validly tender Notes using the Guaranteed Delivery Procedures will be the second business day after the Expiration Date and is expected to be 5:00 p.m. (New York City time) on November 22, 2022 (the Guaranteed Delivery Date).

The Settlement Date is expected to be November 23, 2022, the third business day after the Expiration Date and the first business day after the Guaranteed Delivery Date, unless extended. Barrick has accepted for purchase all Notes validly tendered and not validly withdrawn at or prior to the Expiration Date. Upon the terms and subject to the conditions set forth in the Offer to Purchase, Holders whose Notes have been accepted for purchase will receive the Total Consideration specified in the table above for each $1,000 principal amount of such Notes in cash on the Settlement Date.

In addition to the Total Consideration, Holders whose Notes have been accepted for purchase will receive a cash payment equal to the accrued and unpaid interest on such Notes from and including the immediately preceding interest payment date for such Notes to, but excluding, the Settlement Date (the Accrued Coupon Payment). Interest will cease to accrue on the Settlement Date for all Notes accepted in the Offer. The Offeror retained Barclays Capital Inc., J.P. Morgan Securities LLC and RBC Capital Markets, LLC to act as the dealer managers for the Offer.

Global Bondholder Services Corporation acted as the Depositary and the Information Agent for the Offer.