Barrick Gold : Nevada Gold Mines Heritage Fund Wildlife Endowment Supports Habitat Enhancement and Restoration Projects

The new Wildlife Endowment was established in partnership with the Nevada Department of Wildlife as a sustainable environmental fund dedicated to wildlife habitat enhancement and restoration projects. Pictured left to right: Mikayla Morfin, NGM Heritage Fund Board Vice President, Alissa Wood, Barrick North America Head of Corporate Social Responsibility, Caleb McAdoo, NDOW Regional Supervisor, Peter Richardson, NGM Executive Managing Director, Chris McAnany, NGM Manager of Corporate Social Responsibility.

Elko, Nevada-Nevada Gold Mines (NGM) announced today the establishment of their new Wildlife Endowment, created as an extension of the company's non-profit employee giving program, the Heritage Fund. The new Wildlife Endowment was established in partnership with the Nevada Department of Wildlife (NDOW) as a sustainable environmental fund dedicated to wildlife habitat enhancement and restoration projects supporting wildland fire prevention, restoration, and riparian and stream health initiatives across Nevada.

The Wildlife Endowment will be managed by the Heritage Fund's nine-person Board of Directors, who recently approved $5M of the $20M commitment by NGM to be earmarked for Wildlife Endowment funding. Contributions started in the first quarter of this year and $500,000 payments will be made quarterly for two and a half years. Once fully funded in mid-2025, any environmental entity able to leverage qualified State or Federal matching grants whose efforts fit within fire prevention, restoration, and riparian and stream health categories will have the opportunity to request funding. A subcommittee comprised of external representatives will be established to provide investment recommendations.

NGM will continue to invest $150,000 annually in NDOW for fire restoration and prevention projects until the Wildlife Endowment is fully funded. To date, NGM has provided over $350,000 in support of wildlife enhancement and restoration projects.

"Nevada Gold Mines continues to show their commitment to Nevada's natural resources. This endowment demonstrates NGM's dedication to environmental stewardship, said Caleb McAdoo, NDOW Supervisor. We appreciate NGM working with us and their forward-thinking approach in making such a generous contribution which will provide a sustainable funding source for habitat restoration projects well into the future."

One of the many benefits of the Wildlife Endowment is its accessibility to NGM employees, who will have the opportunity to easily donate to the fund and receive an additional 120% NGM match. All interest earned will stay within the Endowment, ensuring its ability to lend environmental support for years to come.

"NGM is very proud of this new environmental endowment, as it aligns with the Heritage Fund's mission of supporting the sustainability of community programs and initiatives. It is a clear demonstration of NGM's commitment to environmental stewardship alongside NDOW and other environmental agencies who are already doing great work in our communities and across the state," said Peter Richardson, Nevada Gold Mines Executive Managing Director.

About Nevada Gold Mines

Nevada Gold Mines is operated by Barrick Gold Corporation (NYSE:GOLD)(TSX:ABX) and is a joint venture between Barrick (61.5%) and Newmont (38.5%) that combined their significant assets across Nevada in 2019 to create the single largest gold-producing complex in the world.

Enquiries

Christine Keener
COO, North America
Tel: [phone]
[e-mail]

Peter Richardson
NGM Executive Managing Director
Tel: [phone]
[e-mail]

Cautionary Statement on Forward-Looking Information

Certain information contained or incorporated by reference in this press release, including any information as to our strategy, projects, plans or future financial or operating performance, constitutes "forward-looking statements". All statements, other than statements of historical fact, are forward-looking statements. The words "opportunity", "build", "believe", "expect", "anticipate", "vision", "potential", "strategy", "prospective", "may", "will", "can", "could", "would" and similar expressions identify forward-looking statements. In particular, this press release contains forward-looking statements including, without limitation, with respect to: the geological prospectivity of the NGM properties and Fourmile Project in Nevada; Barrick's forward-looking production guidance; mine life and production rates and potential Life of Mine extensions at NGM; Barrick's engagement with Nevada's Department of Education and Discovery Education to support remote learning through broadband initiatives; our plans and expected benefits of our growth projects; our support for the Western Shoshone Scholarship Foundation and economic and social development priorities within our host communities in Nevada, including local hiring, procurement, training and community development initiatives; and expectations regarding future price assumptions, financial performance and other outlook or guidance.

Forward-looking statements are necessarily based upon a number of estimates and assumptions including material estimates and assumptions related to the factors set forth below that, while considered reasonable by the Company as at the date of this press release in light of management's experience and perception of current conditions and expected developments, are inherently subject to significant business, economic and competitive uncertainties and contingencies. Known and unknown factors could cause actual results to differ materially from those projected in the forward-looking statements and undue reliance should not be placed on such statements and information. Such factors include, but are not limited to: fluctuations in the spot and forward price of gold, copper or certain other commodities (such as silver, diesel fuel, natural gas and electricity); the speculative nature of mineral exploration and development; changes in mineral production performance, exploitation and exploration successes; risks associated with projects in the early stages of evaluation and for which additional engineering and other analysis is required; disruption of supply routes which may cause delays in construction and mining activities at Barrick's more remote properties; diminishing quantities or grades of reserves; increased costs, delays, suspensions and technical challenges associated with the construction of capital projects; operating or technical difficulties in connection with mining or development activities, including geotechnical challenges and disruptions in the maintenance or provision of required infrastructure and information technology systems; failure to comply with environmental and health and safety laws and regulations; changes in national and local government legislation, taxation, controls or regulations and/or changes in the administration of laws, policies and practices; expropriation or nationalization of property and political or economic developments in Nevada, the United States and other jurisdictions in which the Company or its affiliates do or may carry on business in the future; timing of receipt of, or failure to comply with, necessary permits and approvals; uncertainty whether some or targeted investments and projects will meet the Company's capital allocation objectives and internal hurdle rate; risks associated with new diseases, epidemics and pandemics, including the effects and potential effects of the global Covid-19 pandemic; damage to the Company's reputation due to the actual or perceived occurrence of any number of events, including negative publicity with respect to the Company's handling of environmental matters or dealings with community groups, whether true or not; the possibility that future exploration results will not be consistent with the Company's expectations; risks that exploration data may be incomplete and considerable additional work may be required to complete further evaluation, including but not limited to drilling, engineering and socioeconomic studies and investment; risk of loss due to acts of war, terrorism, sabotage and civil disturbances; litigation; contests over title to properties, particularly title to undeveloped properties, or over access to water, power and other required infrastructure; business opportunities that may be presented to, or pursued by, the Company; risks associated with the fact that certain of the initiatives described in this press release are still in the early stages and may not materialize; whether benefits expected from recent transactions are realized; our ability to successfully integrate acquisitions or complete divestitures; risks associated with working with partners in jointly controlled assets; employee relations including loss of key employees; increased costs and physical risks, including extreme weather events and resource shortages, related to climate change; and availability and increased costs associated with mining inputs and labor. Barrick also cautions that its 2021 guidance may be impacted by the unprecedented business and social disruption caused by the spread of Covid-19. In addition, there are risks and hazards associated with the business of mineral exploration, development and mining, including environmental hazards, industrial accidents, unusual or unexpected formations, pressures, cave-ins, flooding and gold bullion, copper cathode or gold or copper concentrate losses (and the risk of inadequate insurance, or inability to obtain insurance, to cover these risks).

Many of these uncertainties and contingencies can affect our actual results and could cause actual results to differ materially from those expressed or implied in any forward-looking statements made by, or on behalf of, us. Readers are cautioned that forward-looking statements are not guarantees of future performance. All of the forward-looking statements made in this press release are qualified by these cautionary statements. Specific reference is made to the most recent Form 40-F/Annual Information Form on file with the SEC and Canadian provincial securities regulatory authorities for a more detailed discussion of some of the factors underlying forward-looking statements and the risks that may affect Barrick's ability to achieve the expectations set forth in the forward-looking statements contained in this press release. We disclaim any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except as required by applicable law.