Barrick Announces Implementation of Dividend Reinvestment Plan

TORONTO, ONTARIO--(Marketwired - Aug. 17, 2015) - Barrick Gold Corporation (NYSE:ABX) (TSX:ABX) (Barrick or the "company") is pleased to announce that it has implemented its previously announced dividend reinvestment plan (the "Plan"). Shareholders who are residents of Canada or the United States may elect to participate in the Plan commencing with the dividend to be paid on September 15, 2015 to shareholders on record as of August 31, 2015. Participation in the Plan is optional and will not affect shareholders' cash dividends unless they elect to participate in the Plan. Quarterly dividends are only payable as and when declared by Barrick's Board of Directors and there is no entitlement to any dividend prior thereto.

The following is a summary of the key attributes of the Plan and the prospectus related thereto. A complete copy of the Plan and the Plan enrolment form are available on Barrick's website at www.barrick.com/drip. Shareholders should carefully read the complete text of the Plan and the prospectus before making any decisions regarding their participation in the Plan.

The Plan allows shareholders to reinvest their cash dividends into additional common shares issued from treasury at a three percent discount to the Average Market Price (as defined in the Plan). Barrick may, from time to time, in its discretion, change or eliminate the discount to the common shares issued from treasury under the Plan. No commissions, service charges or brokerage fees are payable by shareholders who elect to participate in the Plan.

To participate in the Plan, registered shareholders must deliver a properly completed Plan enrolment form to CST Trust Company (the "Agent") not less than five business days before a dividend record date. Registered shareholders who wish to participate in the Plan for the September 15, 2015 dividend must deliver a Plan enrolment form to the Agent no later than 5:00 p.m. Eastern Standard Time on Monday, August 24, 2015. Non-registered beneficial shareholders who wish to participate in the Plan should contact the broker, investment dealer, financial institution or other nominee who holds their common shares to inquire about the applicable enrolment deadline and to request enrolment in the Plan. For more information on how to enrol or any other inquiries, contact the Agent at 1-800-387-0825 (toll-free in Canada and the United States) or inquiries@canstockta.com.

Participation in the Plan does not relieve shareholders of any liability for taxes that may be payable in respect of dividends that are reinvested in common shares under the Plan. Shareholders should consult their tax advisors concerning the tax implications of their participation in the Plan having regard to their particular circumstances.

This press release is not an offer to sell or a solicitation of an offer of securities. Barrick has filed a registration statement (including a prospectus) relating to the Plan with the U.S. Securities and Exchange Commission (the "SEC"). A copy of the registration statement (including a prospectus) is available electronically from EDGAR (http://www.sec.gov) and may also be obtained from the Agent by calling toll-free 1-800-387-0825 or at inquiries@canstockta.com.

CAUTIONARY STATEMENT ON FORWARD-LOOKING INFORMATION

Certain information contained or incorporated by reference in this press release, 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 word "will" and similar expressions identify forward-looking statements. Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable by the company, 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. Such factors include, but are not limited to: fluctuations in the spot and forward price of gold and copper or certain other commodities; changes in national and local government legislation, taxation, controls, regulations, expropriation or nationalization of property and political or economic developments in Canada, the United States and other jurisdictions in which the company does or may carry on business in the future; and our ability to successfully complete transactions. 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 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 discussion of some of the factors underlying forward-looking statements.