TORONTO, ONTARIO -- (MARKET WIRE) -- 12/18/07 -- Barrick Gold Corporation (TSX: ABX)(NYSE: ABX) announced today that, pursuant to the terms of Placer Dome 2.75% Convertible Senior Debentures due 2023 (the "Debentures"), upon compliance with the terms and conditions of the Debentures, the Debentures may be surrendered for conversion at any time from and after January 1, 2008 until and including March 31, 2008 at a conversion rate of 39.9859 Common Shares per US$1,000.00 principal amount of Debentures.

Barrick's vision is to be the world's best gold company by finding, acquiring, developing and producing quality reserves in a safe, profitable and socially responsible manner.