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Barrick Extends Bid for Pioneer

November 10, 2006

TORONTO, ONTARIO, Nov 10, 2006 (CCNMatthews via COMTEX News Network) -- Barrick Gold Corporation (NYSE:ABX)(TSX:ABX)(LSE:BGD) announces that it has extended its offer to acquire all of the outstanding common shares of Pioneer Metals Corporation for Cdn$1.00 cash per share to 6:00 p.m. (Vancouver time) on November 30, 2006. To date, Barrick has acquired approximately 59.1 million shares of Pioneer.

Copies of the Circular for Pioneer Metals Corporation are available on Barrick's website at www.barrick.com or from the Canadian System for Electronic Document Analysis and Retrieval at www.sedar.com.

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.

SOURCE: Barrick Gold Corporation

INVESTOR CONTACTS:
Barrick Gold Corporation
James Mavor
Vice President, Investor Relations
(416) 307-7463
Email: jmavor@barrick.com
Barrick Gold Corporation Mary Ellen Thorburn Director, Investor Relations (416) 307-7363 Email: mthorburn@barrick.com
MEDIA CONTACT: Vincent Borg Senior Vice President, Corporate Communications (416) 307-7477 Email: vborg@barrick.com

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