GlobeNewswire Inc | Nov 4, 2021 05:59AM EDT

November 04, 2021

All amounts expressed in US dollars

LONDON, Nov. 04, 2021 (GLOBE NEWSWIRE) -- Barrick Gold Corporation (NYSE:GOLD)(TSX:ABX) today announced that the third $250million1 tranche (approximately $0.14per share2) of the return of capital distribution totalling $750million will be paid on December 15, 2021 to shareholders of record at the close of business on November30, 2021.

This will complement the $0.09per share dividend declared by the Barrick Board of Directors for the third quarter, which will also be paid on December15, 2021 to shareholders of record at the close of business on November30, 2021.3

This follows the approval by shareholders at Barricks Annual and Special Meeting on May4, 2021 of the total $750million return of capital distribution. The first $250million tranche was paid on June15, 2021 and the second $250million tranche was paid on September15, 2021.

We are pleased that the combination of our quarterly dividend and the $750million return of capital distribution has provided our shareholders with a record level of cash returns totalling approximately $1.4billion during 2021, while our strong operational and financial performance during the year has allowed us to continue to invest in our business and has set us up well to continue to provide meaningful returns to shareholders going forward, said senior executive vice-president and chief financial officer Graham Shuttleworth.

Enquiries:

President and CEOMark Bristow+1 647 205 7694+44 788 071 1386

Senior EVP and CFOGraham Shuttleworth+1 647 262 2095+44 779 771 1338

Investor and Media RelationsKathy du Plessis+44 20 7557 7738Email: barrick@dpapr.com

Website:www.barrick.com

Endnote 1The funds to be used to pay this $250 million return of capital distribution to shareholders represent a portion of the proceeds received from the following transactions:

-- Sale of a portion of our investment interest in Shandong Gold Mining Co Ltd -- Sale of our 100% interest in Lagunas Norte mine to Boroo Pte Ltd -- Sale of our 40% interest in Morila Gold Limited to Firefinch Limited -- Sale of our investment interest in Shanta Gold Ltd

Endnote 2Per share amount is estimated based on issued and outstanding Barrick shares as of September 30, 2021 and is subject to change. The final per share amount to be paid on December 15, 2021 will be calculated based on the issued and outstanding Barrick shares as of the November 30, 2021 record date.

Endnote 3The declaration and payment of dividends is at the discretion of the Board of Directors, and will depend on the companys financial results, cash requirements, future prospects and other factors deemed relevant by the Board.