GlobeNewswire Inc | Aug 3, 2020 09:15AM EDT

August 03, 2020

TORONTO, Aug. 03, 2020 (GLOBE NEWSWIRE) -- In line with its objective of finding and developing the best assets, Barrick Gold Corporation (NYSE:GOLD)(TSX:ABX) has strengthened its exploration team through the appointment of eminent geologists Aoife McGrath and Leandro Sastre in the newly created positions of vice president exploration for Africa and Middle East, and Latin America and Asia Pacific respectively.

McGrath has worked with and led exploration teams in Africa, North and South America and Europe and her experience spans the full spectrum of company size and exploration stages. Named as one of the Global 100 Inspirational Women in Mining, she has been involved in a number of major discoveries and brings strong commercial skills to her new role.

Sastre was previously mine operations and technical manager at the Veladero gold mine. His wide skills base ranges from exploration through ore control to resource modelling. He was closely involved with Exeters discovery and delineation of the Caspiche orebody in Chile, now part of Barricks Norte Abierto project, and the Cerro Moro orebody in Argentina, which is now an operating mine.

President and chief executive Mark Bristow said these appointments reflect Barricks commitment to what it regards as its main growth driver. Exploration has always been an integral part of Barricks strategy of creating value and we look forward to the contribution Aoife and Leandro will make towards adding to our global mineral inventory, he said.

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

Website: www.barrick.com

Cautionary Statement on Forward-Looking Information

Certain information contained in this press release, including any information as to our strategy, projects, plans or future operating performance, constitutes forward-looking statements. All statements, other than statements of historical fact, are forward-looking statements. The words objective, develop, commitment, create, add, will and similar expressions identify forward-looking statements. In particular, this press release contains forward-looking statements including, without limitation, with respect to: Barricks objective to find and develop the best assets, Barricks commitment to exploration as its main growth driver and Barricks goal to add to its global mineral inventory. These statements are based on the reasonable assumptions, estimates, analysis, and opinions of management made in light of managements experience and perception of trends, current conditions, and expected developments, as well as other factors that management considers to be relevant and reasonable at the date that such statements are made. Forward-looking information involves known and unknown risks, uncertainties, assumptions, and other factors that may cause the actual results, performance, or achievements of the Company, as applicable, to be materially different from those anticipated, estimated, or intended. Readers are cautioned that forward-looking statements are not guarantees of future performance. All of the forward-looking statements made in this press release are qualified by these cautionary statements. Specific reference is made to the most recent Form 40-F/Annual Information Form on file with the SEC and Canadian provincial securities regulatory authorities for a more detailed discussion of some of the factors underlying forward-looking statements and the risks that may affect Barricks ability to achieve the expectations set forth in the forward-looking statements contained in this press release. We disclaim any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except as required by applicable law.