TORONTO, ONTARIO -- (MARKET WIRE) -- 06/17/08 -- Barrick Gold Corporation (NYSE: ABX)(TSX: 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 until and including September 30, 2008 at a conversion rate of 40.1321 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.

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