Barrick's Final Take Up of Pioneer Shares

December 01, 2006

TORONTO, ONTARIO, Dec 01, 2006 (MARKET WIRE via COMTEX News Network) -- Barrick Gold Corporation (NYSE: ABX)(TSX: ABX)(LSE: BGD) announces that it has taken up and accepted for payment all of the common shares of Pioneer Metals Corporation that were validly deposited to its offer and not withdrawn as of 6:00 p.m. (Vancouver time) on November 30, 2006. Together with the common shares previously taken up and accepted for payment, Barrick now owns approximately 59.2 million shares of Pioneer. The offer has now expired.

It is Barrick's current intention that it will enter into one or more transactions to enable Barrick to acquire all of the Pioneer common shares not acquired under the offer.

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.

Barrick Gold Corporation
James Mavor
Vice President, Investor Relations
(416) 307-7463

Barrick Gold Corporation
Mary Ellen Thorburn
Director, Investor Relations
(416) 307-7363

Barrick Gold Corporation
Vincent Borg
Senior Vice President, Corporate Communications
(416) 307-7477

SOURCE: Barrick Gold Corporation

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