Barrick Announces Management Changes

TORONTO, ONTARIO, Jul 13 (MARKET WIRE) --
Barrick Gold Corporation (NYSE: ABX)(TSX: ABX) announced today changes to
its senior leadership team and organizational structure.

As part of the Company's efforts to streamline its organization, the
various functions under Organizational Effectiveness are being assigned
to other existing departments. As a result, Gordon Fife, Executive Vice
President of Organizational Effectiveness, will be leaving Barrick
effective July 31, 2009. Mr. Fife has been with the Company since 2002
and has made a valuable contribution to its evolution as a global
enterprise. Information Technology will be the responsibility of
Executive Vice President and Chief Financial Officer Jamie Sokalsky, and
Supply Chain Management will be the responsibility of Peter Kinver,
Executive Vice President and Chief Operating Officer. The Human Resources
and Continuous Improvement functions will now be led by Don Ritz, who
will be appointed Senior Vice President, Safety and Leadership
Development.

The Company also announced that Alex Davidson, Executive Vice President,
Exploration and Corporate Development, has decided to retire, effective
August 31, 2009, after a long and successful career in the mining
business. Since joining the Company in 1993, Mr. Davidson has made
exploration a staple of Barrick's successful business strategies and has
contributed to the Company's position that it enjoys today with the
largest gold reserves in the industry. Mr. Davidson's responsibilities
for corporate development will be assumed by Darren Blasutti, Senior Vice
President, Corporate Development, and the exploration function will
continue to be led by Rob Krcmarov, Senior Vice President for Global
Exploration. Mr. Krcmarov has two decades of international experience and
joined Barrick as a result of the Homestake acquisition in 2001.

"Both Alex and Gord have developed great bench strength within their
teams. Alex has made a tremendous contribution to Barrick and played an
instrumental role in the development of our portfolio, including Lagunas
Norte and assets acquired through Homestake and Placer Dome. We all
express our gratitude to Alex and sincerely wish him well," said Aaron
Regent, President and Chief Executive Officer. "I would also like to
thank Gord Fife for his invaluable contribution and in particular his
leadership of the integration of the Placer Dome assets into Barrick's
operations in 2006."

Barrick Gold Corporation's vision is to become 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

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