Barrick Mining Corporation · TSX:ABX

Barrick Mining — Barrick Gold — Toronto Geological Discussion Group April 2016

22 slides from Barrick Mining's conference presentation, April 2016

1. Slide 1: Alturas – Geology & Discovery

   Alturas – Geology & Discovery Toronto Geological Discussion Group April 2016

2. Slide 2: Cautionary Statement on Forward-Looking Information

   CAUTIONARY STATEMENT ON FORWARD-LOOKING INFORMATION Certain information contained 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 hist

3. Slide 3: Exploration’s Mission

   Exploration’s Mission … To discover the next great deposit … that can develop into the next core mine

4. Slide 4: Outline

   Outline  Overview  Deposit Geology  Exploration to Discovery  Reflection

5. Slide 5: Alturas Project Snapshot

   Alturas Project Snapshot  Oxidized high sulfidation  Initial inferred resource of 5.5Moz (1) epithermal gold deposit @ 1.25 g/t announced in Feb 2016  Belt-scale exploration program  Advanced exploration stage; initiated in 2010 and led to … Scoping study initiated  Greenfield discovery announc

6. Slide 6: High Sulfidation Gold Deposits of the Andes and El Indio Belt

   High Sulfidation Gold Deposits of the Andes and El Indio Belt Chile Argentina Pascua-Lama Veladero Peru Barrick Claims El Indio Tambo Barrick Claims Millions of Ounces 0-1 1-5 Alturas Del Carmen 5 - 20 >20 Chile 20 km Argentina Source: SNL

7. Slide 7: High Sulfidation Epithermal Refresher

   High Sulfidation Epithermal Refresher Barrick 2004

8. Slide 8: High Sulfidation Epithermal Refresher

   High Sulfidation Epithermal Refresher  Disseminated Au & Ag mineralization  Generally large and low grade with local bonanza zones possible  Amenable to heap leach when oxidized  Often associated with large alteration halos

9. Slide 9: Geology

   Geology Chile Argentina A Looking North A’  Dacite 5000m – Subvolcanic, flows, & domes  Diatreme Complex 4500m – Partially concealed by later flows & domes Legend Diatreme - phreatomagmatic breccia A A’ Dacite flows & domes Subvolcanic Dacite 500m

10. Slide 10: Alteration

    Alteration Chile Argentina Looking North  Multi-stage & overlaps 5000m development of the diatreme complex  Classic zonation 4500m – Shallow steam heated zone – Vertical and lateral Legend zoning from Opal - alunite - kaolinite - S intermediate argillic A A’ Silicification – microcrystalline quart

11. Slide 11: Breccia

    Breccia (2) Polymictic breccia Polymictic breccia Polymictic breccia Illite - smectite - pyrite Quartz - alunite Silicificación Parda (brown silicification) DDH-ALT 011 DDH-ALT 002 DDH-ALT 021A 82.5m 392m 403m Unmineralized 0.42gpt Au 17.5gpt Au

12. Slide 12: Altered & Mineralized Dacite

    Altered & Mineralized Dacite (2) Subvolcanic Dacite Porphyry Subvolcanic Dacite Porphyry Subvolcanic Dacite Porphyry Silicification overprinting residual qtz Silicification overprinting residual qtz Residual micro-crystalline quartz DDH-ALT 021A DDH-ALT 010 DDH-ALT 018 401m 245m 264m 3.62gpt Au 2.19

13. Slide 13: Discovery

    Discovery First drill hole at Alturas

14. Slide 14: Regional Mapping and Sections

    Regional Mapping and Sections  Porphyry-focused program initiated in 2010 El Indio  1:25,000 mapping and 42 Pascua-Lama section Veladero  19 targets identified including 4 HS El Indio El Indio Alturas Alturas Alturas 25km Chile Argentina

15. Slide 15: Mapping

    Mapping  Outcrop mapping identified key criteria – Preservation Preserved – Favorable host rock Block – Favorable alteration – Breccia

16. Slide 16: Target Delineation Stage – Sampling

    Target Delineation Stage – Sampling  Geochemistry – Small but significant Au anomaly (2) – Broader Hg anomaly – Support for concealed target to the east  Geophysics – Strong resistors identified by CSAMT – Also support for concealed target to the east

17. Slide 17: Drill Testing

    Drill Testing?) sani North "= Andesitic cap ™ Breccia Dacite host rocks ---* Alteration limit — Oxidation limit M™ > 0.25 g/t Au M™ >1.0g/tAu

18. Slide 18: Alturas – Initial Resource Announced

    Alturas – Initial Resource Announced(1,2,3) NORTH SOUTH 5.5Moz Inferred at 1.25g/t 135m @ 1.69 g/t 56m @ 0.93 g/t ARGENTINA CHILE Grade x Thickness (gpt-m Au) <25 24m @ 2.45 g/t (27m) 25 – 50 89m @ 1.52 g/t 50 – 100 > 100 1 km

19. Slide 19: Alturas – Value Add Drill Drivers

    Alturas – Value Add Drill Drivers Chile Argentina Define Starter Project Grade x Thickness(3) (g/t-m Au)  Establish resources through southern <25 and western extension, and infill 25 – 50 50 – 100 high grade > 100 Planned holes  Improve project economics by Favorable alteration establishing strip

20. Slide 20: Lessons Learned

    Lessons Learned  Persistence required – Multiple exploration campaigns completed over the years – Small mineralized outcrop identified at target delineation stage – Otherwise mineralization largely concealed  Systematic evaluation important to prioritize the best targets  Exploration team include

21. Slide 21: Thank you

    Thank you BARRICK

22. Slide 22: Footnotes

    Footnotes 1. Scientific or technical information in this presentation relating to the geology of particular properties and exploration programs is based on information prepared by employees of Barrick, its joint venture partners or its joint venture operating companies, as applicable, in each case u

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