Barrick to Suspend Construction on Chilean Side of Pascua-Lama

Wed Apr 10, 2013 4:45pm EDT

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Marketwired

Barrick Gold Corporation

April 10, 2013 - 04:44:49 PM

Barrick to Suspend Construction on Chilean Side of Pascua-Lama

TORONTO, ONTARIO--(Marketwired - April 10, 2013) - Barrick Gold Corporation
(NYSE:ABX)(TSX:ABX) (Barrick or the "company") today announced that the
company is suspending construction work on the Chilean side of the Pascua-Lama
project while working to address environmental and other regulatory
requirements to the satisfaction of Chilean authorities. In the interim,
activities deemed necessary for environmental protection will continue as
authorized.

Construction activities in Argentina, where the majority of Pascua-Lama's
critical infrastructure is located, including the process plant and tailings
storage facility, are not affected.

It is too early to assess the impact, if any, on the overall capital budget
and schedule of the project.

CAUTIONARY STATEMENT ON FORWARD-LOOKING INFORMATION

Certain information contained in this press release, including any information
as to our plans, constitutes "forward-looking statements". All statements,
other than statements of historical fact, are 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: 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, Chile, Argentina and other
jurisdictions in which the company does or may carry on business in the
future; increased costs, delays and technical challenges associated with the
construction of capital projects; availability and increased costs associated
with mining inputs and labor; and litigation. Readers are cautioned that
forward-looking statements are not guarantees of future performance. Any
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.

The company disclaims 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.

FOR FURTHER INFORMATION PLEASE CONTACT: 
INVESTOR CONTACT: Greg Panagos
Senior Vice President
Investor Relations and Communications
(416) 309-2943
gpanagos@barrick.com


MEDIA CONTACT: Andy Lloyd
Director, Media Relations
(416) 307-7414
alloyd@barrick.com