TORONTO, ONTARIO -- (MARKET WIRE) -- 10/29/08 -- All figures in US dollars

Barrick Gold Corporation (NYSE: ABX)(TSX: ABX) today announced that its Board of Directors has declared a dividend of US20 cents per share, payable on December 15, 2008 to shareholders of record at the close of business on November 28, 2008. This dividend follows the US20 cents per share dividend paid on June 16, 2008.

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.

Contacts:
INVESTOR CONTACT: Deni Nicoski
Vice President, Investor Relations
(416) 307-7410
Email: dnicoski@barrick.com

MEDIA CONTACT: Vincent Borg
Senior Vice President, Corporate Communications
(416) 307-7477
Email: vborg@barrick.com