Barrick Gold : Media Briefing…Riyadh, Saudi Arabia

a world class global business

Media briefing…Riyadh, Saudi Arabia January 2022

Cautionary Statement on Forward-looking Information

Certain information contained or incorporated by reference in this presentation, including any information as to our strategy, projects, plans or future financial or operating performance, constitutes "forward- looking statements". All statements, other than statements of historical fact, are forward-looking statements. The words "believe", "expect", "strategy", "target", "plan", "opportunities", "guidance", "outlook", "on track", "assume", "intention", "project", "goal", "continue", "additional", "expand", "establish", "budget", "estimate", "potential", "prospective", "future", "focus", "during", "ongoing", "following", "subject to", "scheduled", "may", "will", "can", "could", "should" and similar expressions identify forward-looking statements. In particular, this presentation contains forward-looking statements including, without limitation, with respect to: Barrick's forward-looking production guidance; estimates of future cost of sales per pound for copper and C1 cash costs per pound, and all-in-sustaining costs per ounce/pound; cash flow forecasts; projected capital, operating and exploration expenditures; mine life and production rates; Barrick's engagement with local communities to manage the Covid-19 pandemic, including Covid-19 vaccination initiatives; our plans and expected timing for completion and benefits of our growth projects at Jabal Sayid, Barrick's global exploration strategy and planned exploration activities; our pipeline of high confidence projects at or near existing operations; capital expenditures related to upgrades and ongoing management initiatives; potential mineralization and metal or mineral recoveries; our ability to convert resources into reserves; joint ventures and partnerships including at Jabal Sayid; Barrick's strategy, plans, targets and goals in respect of environmental and social governance issues, including greenhouse gas emissions reduction targets and associated initiatives; and expectations regarding future price assumptions, financial performance and other outlook or guidance. Forward-looking statements are necessarily based upon a number of estimates and assumptions including material estimates and assumptions related to the factors set forth below that, while considered reasonable by the Company as at the date of this presentation in light of management's experience and perception of current conditions and expected developments, are inherently subject to significant business, economic and competitive uncertainties and contingencies. Known and unknown factors could cause actual results to differ materially from those projected in the forward-looking statements and undue reliance should not be placed on such statements and information. Such factors include, but are not limited to: fluctuations in the spot and forward price of gold, copper or certain other commodities (such as silver, diesel fuel, natural gas and electricity); risks associated with projects in the early stages of evaluation and for which additional engineering and other analysis is required; risks related to the possibility that future exploration results will not be consistent with the Company's expectations, that quantities or grades of reserves will be diminished, and that resources may not be converted to reserves; risks associated with the fact that certain of the initiatives described in this presentation are still in the early stages and may not materialize; changes in mineral production performance, exploitation and exploration successes; risks that exploration data may be incomplete and considerable additional work may be required to complete further evaluation, including but not limited to drilling, engineering and socioeconomic studies and investment; the speculative nature of mineral exploration and development; lack of certainty with respect to foreign legal systems, corruption and other factors that are inconsistent with the rule of law; changes in national and local government legislation, taxation, controls or regulations and/or changes in the administration of laws, policies and practices; expropriation or nationalization of property and political or economic developments in Saudi Arabia or other countries in which Barrick does or may carry on business in the future; risks relating to political instability in certain of the jurisdictions in which Barrick operates; timing of receipt of, or failure to comply with, necessary permits and approvals; non-renewal of key licenses by governmental authorities; failure to comply with environmental and health and safety laws and regulations; contests over title to properties, particularly title to undeveloped properties, or over access to water, power and other required infrastructure; the liability associated with risks and hazards in the mining industry, and the ability to maintain insurance to cover such losses; increased costs and physical risks, including extreme weather events and resource shortages, related to climate change; damage to the Company's reputation due to the actual or perceived occurrence of any number of events, including negative publicity with respect to the Company's handling of environmental matters or dealings with community groups, whether true or not; risks related to operations near communities that may regard Barrick's operations as being detrimental to them; litigation and legal and administrative proceedings; operating or technical difficulties in connection with mining or development activities, including geotechnical challenges, tailings dam and storage facilities failures, and disruptions in the maintenance or provision of required infrastructure and information technology systems; increased costs, delays, suspensions and technical challenges associated with the construction of capital projects; risks associated with working with partners in jointly controlled assets; risks related to disruption of supply routes which may cause delays in construction and mining activities; risk of loss due to acts of war, terrorism, sabotage and civil disturbances; risks associated with artisanal and illegal mining; risks associated with Barrick's infrastructure, information technology systems and the implementation of Barrick's technological initiatives; risks related to the demands placed on the Company's management, the ability of management to implement its business strategy and enhanced political risk in certain jurisdictions; uncertainty whether some or all of Barrick's targeted investments and projects will meet the Company's capital allocation objectives and internal hurdle rate; whether benefits expected from recent transactions being realized; business opportunities that may be presented to, or pursued by, the Company; risks related to competition in the mining industry; employee relations including loss of key employees; availability and increased costs associated with mining inputs and labor; and risks associated with diseases, epidemics and pandemics, including the effects and potential effects of the global Covid-19 pandemic. Barrick also cautions that its 2021 guidance, five-year indicative outlook and ten-year production profile may be impacted by the unprecedented business and social disruption caused by the spread of Covid-19. In addition, there are risks and hazards associated with the business of mineral exploration, development and mining, including environmental hazards, industrial accidents, unusual or unexpected formations, pressures, cave-ins, flooding and gold bullion, copper cathode or gold or copper concentrate losses (and the risk of inadequate insurance, or inability to obtain insurance, to cover these risks). Many of these uncertainties and contingencies can affect our actual results and could cause actual results to differ materially from those expressed or implied in any forward-looking statements made by, or on behalf of, us. Readers are cautioned that forward-looking statements are not guarantees of future performance. All of the forward-looking statements made in this presentation 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 Barrick's ability to achieve the expectations set forth in the forward-looking statements contained in this presentation. 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.

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We are building a business for the long-term

Our vision is to be the world's most valued gold mining business by finding, developing and operating

the best assets with the best people to deliver the best returns, on a sustainable basis, to our owners and partners. We are committed to partnering with our host countries and communities to transform their natural resources into tangible benefits and mutual prosperity

Best Assets

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Best People

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Focus on Tier One1 gold mines and Strategic Assets2 as well as unlocking value through exploration potential from our extensive land positions in prolific gold districts

Key growth projects advanced while globally broadening exploration programmes to deliver substantial reserve gains and stepping up the search for new world-class discoveries

Significant contribution from copper assets continues to differentiate Barrick from peers

A strong and experienced management team leading at a flat, operationally focused and agile organizational structure

Disciplined approach to growth, emphasizing long-term value for all stakeholders through increased returns, driven by a focus on return on capital, internal rate of return and free cash flow3

Emphasis on efficiency, cost reduction and strong cash flow generation to fund robust investment

One of the leading returns in the industry and sustainable future growth

Barrick has provided shareholders with a record level of cash returns totalling approximately $1.4 billion during 2021, including

dividends and the shareholder friendly return of capital, reflecting the strength of our balance sheet and cash flows

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Our extensive land positions in many of the world's most prolific gold districts with gold and copper mines in 12 countries

Barrick owns and operates six Tier One gold mines: Cortez, Carlin and Turquoise Ridge in Nevada, USA, Loulo-Gounkotoin Mali, Kibali in the Democratic Republic of Congo and Pueblo Viejo in the Dominican Republic

In April 2020, Porgera was placed on care and maintenance. Porgera's ownership is subject to change pursuant to the framework agreement signed with the government	4
of Papua New Guinea on April 9, 2021

Helping our people thrive

Our people are the driving force behind our track record of achievements. We are energized by the work we do, how well we do it, and the difference we make. We push the boundaries of what we do individually and collectively in our pursuit of excellence to build a sustainable legacy. We provide a great place to work where people are empowered as owners and inspired to be the best they can be.

Our heritage, experience, and unparalleled asset portfolio means that we provide…

• A strong, passionate, and agile management team
• World-classtraining and development programs
• Focused and accelerated career progression support
• Global placement opportunities
• An ability to make a difference

We are building a future-ready workforce and are already working on the following…

Embedding our DNA into our hiring practices

Employing directly from our local communities

Supporting employees' growth and development by identifying skill and leadership gaps and working with employees to create individual development plans

Creating robust talent pools by drawing from a diverse range of candidates, including women and early career professionals

Engaging with our employees around the world

Ensuring compensation remains competitive

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