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Barrick's Strong Cash Flow Generates 33% Dividend Increase

May 06, 2008

TORONTO, ONTARIO -- (MARKET WIRE) -- 05/06/08 -- Barrick Gold Corporation (NYSE: ABX)(TSX: ABX) today announced that its Board of Directors has increased its June dividend to US20 cents per share from US15 cents per share. The dividend is payable on June 16, 2008 to shareholders of record at the close of business on May 30, 2008.

The 33% increase in the dividend demonstrates Barrick's continuing strong cash flow generation in this high metal price environment. In combination with its 'A' rated balance sheet, this gives the Company the financial flexibility to return additional value to shareholders while maintaining the ability to develop its project pipeline without the need for equity dilution.

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

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Gold  $ 1,256.52 +2.77 +0.22% Volume: December 15, 2017
ABX NYSE  $ 14.06 -0.11 -0.78% Volume: 16,747,058 December 15, 2017
ABX TSX  $ 18.13 +0.07 +0.39% Volume: 7,279,132 December 15, 2017
Gold  $ 1,256.52 +2.77 +0.22% Volume: December 15, 2017

Our vision is the generation of wealth through responsible mining — wealth for our owners, our people, and the countries and communities with which we partner.

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