Barrick Gold Opens New Office in Moscow

April 14, 2005

MOSCOW, Thursday, April 14, 2005

Barrick Gold Corporation announced today the opening of a new office in Moscow which will coordinate the Company’s interests in Russia and Central Asia. Barrick has been active in Russia since 1996 when it established an exploration office. More recently, the Company has stepped up its activity having acquired stakes in such mining companies as Highland Gold and Celtic Resources.

“This is an exciting time for the gold industry. We believe that we can make a significant contribution to the further development of the gold mining industry in Russia and Central Asia,” said Greg Wilkins, President and Chief Executive Officer, while attending the opening of the office and having meetings with government officials and industry colleagues. “The region has tremendous geological potential. We look forward to applying our technical expertise in exploration, development and operations as well as our financial resources for the benefit of all stakeholders.”

Barrick is one of the world’s largest gold mining companies, with operating and development properties in the U.S., Canada, Australia, Peru, Chile, Argentina and Tanzania. Barrick has a 13.9 percent interest in Highland Gold and the right to purchase 50 percent of any of its new acquisitions in Russia, and an 8.9 percent interest in Celtic Resources and an option to purchase 50 percent of any of its new acquisitions in Kazakhstan.

In 2004, the Company produced 4.96 million ounces (152 tons) of gold at the lowest total cash costs among major producers. Barrick is currently building a new generation of mines and is targeting a 40 percent increase in its production profile by 2007 to approximately 6.8-7.0 million ounces.

Barrick’s vision is to be the world’s best gold mining company by finding, developing and producing quality reserves in a profitable and socially responsible manner.

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