Barrick Gold : Tongon Q2 2021 Media Day

Africa & Middle East

Investing in Cote d'Ivoire's future…

Abidjan, July 2021

Cautionary statement

on forward looking information…

Certain information contained in this presentation, including any information as to Barrick's strategy, 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 "subject", "plan", "guidance", "continued", "further", "ongoing", "extension", "commitment", "implementation", "on track", "renew", "prevention", "programs", "future", "preliminary", "standby", "test", "update", "potential", "targets", "prospective", "progressed", "advanced", "priority", "underway", "conceptual", "strategy", "pilot", "nearly", "expected", "objective" and similar expressions identify forward-looking statements. In particular, this presentation contains forward-looking statements including, without limitation, with respect to: forward-looking production targets and guidance; potential cost improvements; future investments in community projects and disease prevention programs; potential mineralization and new discoveries; mineral reserve and mineral resource conversion and replacement at the Tongon mine and surrounding areas; potential life of mine extensions; workforce localization and training; ongoing challenges faced by Tongon, including with respect to illegal mining activities; and the growth of our partnership with the Ivorian government and local communities.

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 Barrick as at the date of this presentation 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; 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; 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 Cote d'Ivoire; lack of certainty with respect to foreign legal systems, corruption, and other factors that are inconsistent with the rule of law; risk of loss due to acts of war, terrorism, sabotage and civil disturbances; timing of receipt of, or failure to comply with, necessary permits and approvals; failure to comply with environmental and health and safety laws and regulations; litigation and legal and administrative proceedings; risks associated with illegal and artisanal mining; risks associated with new diseases, epidemics and pandemics, including the effects and potential effects of the global Covid-19 pandemic; damage to Barrick's reputation due to the actual or perceived occurrence of any number of events, including negative publicity with respect to the Barrick's handling of environmental matters or dealings with community groups, whether true or not; the speculative nature of mineral exploration and development; the impact of global liquidity and credit availability on the timing of cash flows and the values of assets and liabilities based on projected future cash flows; the impact of inflation; fluctuations in the currency markets; contests over title to properties, particularly title to undeveloped properties, or over access to water, power, and other required infrastructure; 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 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 presentation 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 presentation.

Barrick disclaims 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.

Our global business…

As of December 31, 2020

In April 2020, Porgera was placed on care and maintenance. Porgera's ownership is subject to change pursuant to the framework agreement signed with the government of Papua New Guinea on April 9, 2021

Barrick, previously Randgold…

25 years of operation in Côte d'Ivoire

2015	2015	2016	2017	2019	2020	2020		2020	2021
Nominated best	Tongon Mine	Tongon Mine	Nominated	Q1 Randgold	Power line	LOM	Gold production	Tongon Permit
	mine in Côte	pays off its	declares and	best mine in	& Barrick	reimbursement	extended by	target exceeded,	extension
	d'Ivoire	shareholders	pays first	Côte d'Ivoire	merger	signed with 1st	3 more	driven by record	documentation
		loan	dividend			portion paid	years	throughput of 4.5m	filed for 10 years
									tonnes1
2014
	2012	2012	Aug 2012	2011	2011		2010
Nominated best
mine in Côte	Additional	ISO 14001	Oxygen plant	Production continued	Mine officially	Mill 2
d'Ivoire	Gensets	Certification	upgraded from	as political crisis	opened by the	commissioned
		commissioned			20 to 30tpd	escalated	President	with oxide ore
2013

OHSAS 18001

certification

1996	2001	2002	2007	2008	2008	2010	2010
Acquired Nielle	Finalised	Force Majeure	Randgold returns	Reserve increased	Mine	First ore fed to	First Gold
exploration	prefeasibility	declared -	and commences	by 26%	construction	Mill 1	Poured
permit	study	exploration office	30,000m drilling		started	from oxide ore
		closed	programme

Barrick…delivering on the 2021 business plan

Tongon on track to achieve its full-year guidance $150 million dividend declared in Q2

10 years after first gold was poured, Tongon continues exploration campaigns to potentially replace reserves and further extend the LOM with Seydou North and Tongon West

Continued engagement with government and local communities to increase Tongon footprint supporting the extension of its life for the benefit of all stakeholders

Filed documentation for the extension of Nielle mining licence by a further 10 years, to support the drive to add to its life of mine

Continued investment in community development infrastructure and pre-financingof several income generating community projects as well as implementation of maize farm project

Positive start to the year with zero Class 1 environmental incidents2 recorded

Covid-19protocols in place and continued discipline to control the spread of the disease

Tongon has maintained ISO 45001:2018 certification and is on track to renew ISO 14001:2015 certification