Barrick Mining Corporation · TSX:ABX

Barrick Mining — Barrick Gold — BMO Nesbitt Burns 2005 Global Resources Conference

19 slides from Barrick Mining's conference presentation, Mar 1, 2005

1. Slide 1: BMO Nesbitt Burns 2005 Global Resources Conference

   BARRICK GOLD CORPORATION BMO Nesbitt Burns – 2005 Global Resources Conference Tampa – March 1, 2005 FORWARD LOOKING STATEMENT Certain statements included herein, including those regarding production, costs, development schedules and other statements that express management’s expectations or estimate

2. Slide 2: Asset Base

   BARRICK GOLD CORPORATION BMO Nesbitt Burns – 2005 Global Resources Conference Tampa – March 1, 2005 Asset Base ƒ 11 operating mines and 6 development projects: – 7 countries on 4 continents, employing > 9,000 people – 2004A production: 5.0 M oz – 2004A cash costs: $212 per oz (1) – 2005E production:

3. Slide 3: Cash Costs and Gold and Silver Inventory

   BARRICK GOLD CORPORATION BMO Nesbitt Burns – 2005 Global Resources Conference Tampa – March 1, 2005 Cash 350 Costs GoldFields (US$ per ounce) 325 300 275 AngloGold Placer Dome 250 Newmont 225 Barrick 200 175 150 2000 2001 2002 2003 2004 2005E Gold and Silver Inventory ƒ Gold reserves: 89 M oz (prove

4. Slide 4: Gold Reserves

   BARRICK GOLD CORPORATION BMO Nesbitt Burns – 2005 Global Resources Conference Tampa – March 1, 2005 Gold Reserves ƒ 2004 year-end gold reserves: 89.1 Moz ƒ Quality reserves with avg. grade of 0.058 oz/ton ƒ More than replaced reserves adding 8.6 Moz prior to production depletion of 5.5 Moz ƒ Reserve

5. Slide 5: Building Mines – Projects in Construction

   BARRICK GOLD CORPORATION BMO Nesbitt Burns – 2005 Global Resources Conference Tampa – March 1, 2005 Building Mines – Projects in Construction ƒ Veladero, Lagunas Norte, Cowal and Tulawaka are all open-pit with conventional technology Estimated Estimated Estimated Construction Avg. 3 full years Avg.

6. Slide 6: Building Mines – Veladero, Argentina and Lagunas Norte

   BARRICK GOLD CORPORATION BMO Nesbitt Burns – 2005 Global Resources Conference Tampa – March 1, 2005 Building Mines – Veladero, Argentina Completed valley-fill leach embankment Primary crusher construction Mining in the open pit Lagunas Norte – Alto Chicama District ƒ First pour on schedule for Q3, 2

7. Slide 7: Building Mines – Lagunas Norte and Cowal, Australia

   BARRICK GOLD CORPORATION BMO Nesbitt Burns – 2005 Global Resources Conference Tampa – March 1, 2005 Building Mines – Lagunas Norte Primary crusher Heavy equipment assembly Loading overliner material Process plant structural steel Secondary crusher Building Mines – Cowal, Australia ƒ First pour on sc

8. Slide 8: Tulawaka and Projects in Development

   BARRICK GOLD CORPORATION BMO Nesbitt Burns – 2005 Global Resources Conference Tampa – March 1, 2005 Tulawaka – Lake Victoria District 70% share ƒ First gold pour expected March 15, 2005 ƒ Gold reserves: 382,000 ounces SAG mill construction Primary crusher Building Mines – Projects in Development ƒ D

9. Slide 9: Pascua-Lama and East Archimedes

   BARRICK GOLD CORPORATION BMO Nesbitt Burns – 2005 Global Resources Conference Tampa – March 1, 2005 Pascua-Lama - Frontera District, Chile/Argentina ƒ Gold reserves: 17.6 million oz Gold resources: 2.8 million oz (Measured & Indicated) 1.6 million oz (Inferred) Silver contained in gold reserves: 643

10. Slide 10: Financial Resources and Exploration Strategy

    BARRICK GOLD CORPORATION BMO Nesbitt Burns – 2005 Global Resources Conference Tampa – March 1, 2005 Financial Resources ƒ Strongest balance sheet in gold industry ƒ Robust operating cash flow growth ƒ Capable of self-financing our developments without need for equity dilution ƒ Secured $1 billion in

11. Slide 11: 2005 Minesite Exploration and Key Exploration Districts

    BARRICK GOLD CORPORATION BMO Nesbitt Burns – 2005 Global Resources Conference Tampa – March 1, 2005 2005 Minesite Exploration – $55 million Canada $2M Nevada ƒ Barrick is more than doubling its $25M efforts on minesite exploration this year Peru Tanzania $1M $5M Australia Chile/ $15M Argentina $7M K

12. Slide 12: Nevada – Key Assets and Growth Strategy

    BARRICK GOLD CORPORATION BMO Nesbitt Burns – 2005 Global Resources Conference Tampa – March 1, 2005 OREGON Nevada – Key Assets Humboldt River Goldstrike Carlin Elko Marigold Salt Lake City CALIFORNIA UTAH NEVADA Reno East Archimedes (Dev) Sacramento Round Mountain San Francisco 0 km 100 200 300 400

13. Slide 13: Frontera District – Key Assets

    BARRICK GOLD CORPORATION BMO Nesbitt Burns – 2005 Global Resources Conference Tampa – March 1, 2005 Atacama Frontera District – Key Assets Pascua-Lama Veladero PACIFIC OCEAN La Serena San Juan La Rioja Coquimbo Tudcum CHILE ARGENTINA San Juan 0 km 100 200 300 400 500 A T A C A M A R E G I O N Fronte

14. Slide 14: Frontera District – Growth Strategy

    BARRICK GOLD CORPORATION BMO Nesbitt Burns – 2005 Global Resources Conference Tampa – March 1, 2005 Frontera District – Growth Strategy ƒ Frontera is rapidly becoming a significant mining center for Barrick ƒ Represents almost 35% of Company reserves – Veladero - excellent reserve increase potential

15. Slide 15: Lake Victoria District – Key Assets and Growth Strategy

    BARRICK GOLD CORPORATION BMO Nesbitt Burns – 2005 Global Resources Conference Tampa – March 1, 2005 UGANDA LAKE VICTORIA KENYA Lake Victoria District – Key Assets Mwanza Kabanga (Expl) Lake Victoria Greenstone Belt Tulawaka Bulyanhulu Shinyanga Kahama Buzwagi (Expl) Mombasa TANZANIA Tabora INDIAN OC

16. Slide 16: Buzwagi Exploration and Alto Chicama District

    BARRICK GOLD CORPORATION BMO Nesbitt Burns – 2005 Global Resources Conference Tampa – March 1, 2005 Buzwagi – Exploration Alto Chicama District – Key Assets Huamachuco La Libertad Lagunas Norte (Dev) Trujillo PERU Pierina PACIFIC OCEAN Huaraz Ancash 0 km 100 200 300 400 500 16

17. Slide 17: Alto Chicama Growth Strategy and Russia/Central Asia Assets

    BARRICK GOLD CORPORATION BMO Nesbitt Burns – 2005 Global Resources Conference Tampa – March 1, 2005 Alto Chicama District – Growth Strategy ƒ District hosts several gold prospects that are currently being explored or developed ƒ Exploration is focused within a thirty kilometer radius of Lagunas Nort

18. Slide 18: Russia and Central Asia – Growth Strategy

    BARRICK GOLD CORPORATION BMO Nesbitt Burns – 2005 Global Resources Conference Tampa – March 1, 2005 Russia and Central Asia – Growth Strategy HIGHLAND GOLD (HGM) ƒ AIM-listed gold producer in which Barrick has 14% interest ƒ Barrick has back-in rights for up to 50% on any acquisition made by HGM in

19. Slide 19: The Case for Barrick

    BARRICK GOLD CORPORATION BMO Nesbitt Burns – 2005 Global Resources Conference Tampa – March 1, 2005 The Case for Barrick ƒ Large blue-chip company with significant growth in production and cash flow ƒ Growth driven by reserve replacement, exploration and strategic partnerships ƒ Proven track record

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