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African Barrick Gold: Rock Fall at Bulyanhulu Mine Claims Three Lives

March 17, 2010

Bulyanhulu, Kahama District — African Barrick Gold (ABG) reported today that its Bulyanhulu mine suffered a rock fall incident which tragically resulted in the death of three employees: Dickson Kadelema, Vedastus Wilfred Tandise, and Joel M. Nicholas.

The mine rescue team was deployed immediately after the incident occurred on March 16, 2010 and worked in rotation, around the clock, in an attempt to rescue the miners. Unfortunately, rescue efforts were unsuccessful. ABG immediately suspended mining activities at the start of the rescue and recovery mission. In addition, mining operations will be suspended for a period of mourning on March 18, 2010 as a sign of respect and are expected to be fully restored thereafter. The area of the rock fall will remain closed until the incident has been investigated, the cause understood and any appropriate action taken.

“Words can not express the deep sorrow we feel for the tragic loss of life of our colleagues. Our thoughts and prayers are with their families and friends and we pay tribute to their memories,” stated Dave Anthony, Chief Operating Officer, ABG.

A team of senior investigators from Barrick Gold Corporation (Barrick) has been dispatched to commence a full and thorough investigation of the accident. ABG is committed to the safety of each of its employees and will continue to make safety the top priority at its mines. Barrick had not suffered any employee safety-related fatalities since 2006 in Tanzania. Bulyanhulu mine earned a National Award for the best overall Occupational Health and Safety system from the Tanzania Occupational Safety and Health Authority in 2009.

For further information contact:

Teweli Kyara Teweli
Manager Public Relations & Communications
+255 767 308 600
tteweli@barrick.com



CAUTIONARY STATEMENT ON FORWARD-LOOKING INFORMATION

Certain information contained in this press release, including any information as to our plans or future financial or operating performance and other statements that express management's expectations or estimates of future performance, constitute "forward-looking statements”. All statements, other than statements of historical fact, are forward-looking statements. Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable by management, are inherently subject to significant uncertainties and contingencies. ABG cautions the reader that such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual financial results, performance or achievements of ABG to be materially different from ABG's estimated future results, performance or achievements expressed or implied by those forward-looking statements and the forward-looking statements are not guarantees of future performance.

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