Notice to Holders of Cadence Energy 4.75% Convertible Unsecured Subordinated Debentures

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Tue Jun 16, 2009 2:24pm EDT 

  TORONTO, ONTARIO, Jun 16 (MARKET WIRE) -- 
All amounts expressed in Cdn. dollars unless otherwise indicated

    Barrick Gold Corporation (NYSE: ABX)(TSX: ABX) announced today that,
pursuant to the terms of Cadence Energy 4.75% Convertible Unsecured
Subordinated Debentures due 2012 (the "Debentures") (CDS.DB), upon
compliance with the terms and conditions of the Debentures, in connection
with the previously announced payment of regular dividends on the common
shares of Barrick Gold Corporation (the "Barrick Shares"), the Debentures
are convertible from and after June 16, 2009 into Barrick Shares at a
rate of 19.01 Barrick Shares for each $1,000 principal amount of
Debentures (subject to further adjustment in accordance with the
indenture governing the terms of the Debentures).

    Barrick's vision is to be the world's best gold company by finding,
acquiring, developing and producing quality reserves in a safe,
profitable and socially responsible manner.

Contacts:
INVESTOR CONTACT: Deni Nicoski
Vice President, Investor Relations
(416) 307-7410
Email: dnicoski@barrick.com

MEDIA CONTACT: Vincent Borg
Executive Vice President, Corporate Communications
(416) 307-7477
Email: vborg@barrick.com

Copyright 2009, Market Wire, All rights reserved.

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