Investor Day | Global Exploration: Rob Krcmarov

Global Exploration

Rob KrcmarovEVP Exploration

and Growth

• Investor Day | November 2018

5 out of the Top 10 Tier One Gold Assets (> 500 koz; > 10 year mine life; bottom half of cost curve)2

1. Source: Wood Mackenzie. Top Tier One Gold Assets are ranked by ‘Total Cash Cost’. “Total cash cost” is a non-GAAP financial performance measure with no standardized meaning under IFRS, and includes C1 cash cost, royalties, and other indirect costs. See Endnote #1.2. A Tier One Gold Asset is a mine with a stated mine life in excess of 10 years with 2017 production of at least five hundred thousand ounces of gold and 2017 total cash cost per ounce within the bottom half of Wood Mackenzie’s cost curves tools (excluding state-owned and privately owned mines).. For additional

information on “total cash costs per ounce”, see Endnote #1.

New Barrick Asset

Top 10 Global Tier One Gold Assets By Total Cash Cost1,2 (US$/oz)

Unrivalled portfolio of Tier One Gold Assets for investors

$426$482

$552 $578 $580 $621 $623 $649 $675 $697

Cortez(Barrick)

Sukari(Centamin - 50%)

Olimpiada(Polyus)

Loulo-Gounkoto(Randgold - 80%)

Cadia(Newcrest)

Merian(Newmont - 75%)

Pueblo Viejo(Barrick - 60%)

Kibali(Randgold - 45%)

Tarkwa(Gold Fields - 90%)

Goldstrike(Barrick)

New Barrick

$0

$2,000

$4,000

$6,000

$8,000

$10,000

$12,000

0

50

100

150

200

1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017Gol

d di

scov

ered

3 y

ear a

vera

ge (

000'

s oz

)

Industry Exploration Spend (Au)New Barrick Discoveries

>1Moz deposits 3 year rolling average, SNL Mining and Metals, Barrick

New Barrick- Exploration Powerhouse

Spent $4.36B on exploration2

Overall finding cost ~$28/oz

Reserves (Moz of gold)1

Value Generation from Organic Growth

1990

DIVESTED

Tota

lac

quire

d

113To

tal f

ound

thro

ugh

expl

orat

ion

2017

35

20

172

Tota

lm

ined

152 ~78

113

NEW BARRICK1

1. See Endnote #12. Barrick Internal, Randgold Exploration expenditure source SNL

Strong credible track record

Acquired Added

Growth through organic discovery and post acquisition additionLow cost accretive value for Barrick

Lagunas Norte

GoldstrikeCortez

Pueblo ViejoLoulo

Veladero

KibaliGoldrushTurquoise Ridge

Morila

Alturas

MassawaGounkoto

Tongon

Exploration value growth- impressive combination

1.73g/t

1.14 g/t

0.91g/t

0.7g/t

0

0.5

1

1.5

2

78 6954

36

0

50

100

50

P&P Reserves2

(Moz)

NewBarrick1

Newmont

Goldcorp

Kinross

1. New Barrick post-merger attributable proven and probable gold mineral reserves figure as at year-end 31 December 2017, on a combined basis, after giving effect to the merger of Barrick and Randgold (as if it had closed on 31 December 2017). New Barrick reserve grade is calculated using a weighted average of attributable year-end 31 December 2017 reserve grade from each of Barrick and Randgold. See Endnote #12. Source: company disclosure. Shown on an attributable basis. Reserve and grade data based on individual companies’ assumptions.3. Peer Average grade figure is based on the published gold reserves and grade of Newmont, Goldcorp and Kinross referred to in footnote #2 and is calculated on a weighted average basis.

P&P Reserve Grade 2(g/t)

Goldcorp

Newmont

Kinross1.03

PeerAvg.

NewBarrick1

2017 Peer Reserves and Grades- New Barrick

El Indio BeltCentral Chile

Porgera

Fimiston

South West

US

Superior Craton

Northern Andes Congo

Tanzanian Craton

Birimian Shield

Guiana Shield

Western Cordillera

Operating presence in world’s most prolific gold districts

Focused brownfields in Tier one districts

Balanced with early stage exploration in emerging prospective districts

Gold deposits and high grade copper-gold porphyries

Extensive land positions in many of the world’s prolific gold districts

* Past Production + Reserves+ Resources as reported, source SNL and Barrick

Operating Districts

Exploration Focus Areas

Exploration Strategy

*Reserves and Resources stated at 100% basis, see Randgold company site for breakdown

Morila Yalea Tongon Kibali Massawa Loulo - Gounkoto

Discovery 1996 1997 1998 1998 2007 2008

Type Folded metamorphosed sediments in contact

with batholith. Metasediments. Lower

amphibolite facies.

Quartz ± ankerite vein lodes,

disseminated sulfide stringer, highly altered shears

Gold Skarn Basaltic-andesitic

crystal tuffs in greenstone belt

Greenstone/BIFVolcano sedimentary with ironstone chert horizons. Greenschist

metamorphism

Intermediate volcaniclastics, sedimentaryRocks, Felsic

intrusives

Shear zone hosted, fine grained sedimentary sandstone

with rare limestone

GoldProductionStatistics

6.6 Mozproduced since

20002017 Production

70Koz

LouloSatellite


20102017 Production

288Koz


2013 2017 Production

596Koz

_ 5.6 Mozproduced since 2005

2017 Production730Koz

2017 Gold

Reserves*

0.19 Moz(0.56g/t, 11M tonnes)

Probable Reserves

_ 1.2 Moz(3.2g/t, 16M tonnes)

Proven Reserves:0.49 Moz

(2.2g/t,7M tonnes)Probable Reserves:

0.74 Moz(2.5g/t, 9.3M tonnes)



(4.1g/t,19M tonnes)Probable Reserves:


2.7 Moz(3.6g/t, 23M tonnes)Probable Reserves

Gounkoto: 3 Moz(4.6g/t, 20M tonnes)


(3.9g/t,6.1M tonnes)Probable Reserves:


Loulo: 5.2 Moz(4.5g/t, 36M tonnes)


(4.2g/t, 12M tonnes)Probable Reserves:


Current Status Production

Production (Loulo complex) Production Production Feasibility Study Production (Loulo Complex)

Track Record: West Africa

Reserves and Resources stated at 100% basis, December 2017 except for CH Underground.• Approximate accumulated historic production1. As disclosed in Technical Report on the Cortez Joint Venture Operations, Lander and Eureka Counties, State of Nevada, U.S.A., dated March 21, 2016, and filed on SEDAR at www.sedar.com and EDGAR at www.sec.gov on March 28, 2016.

Goldstrike South Arturo Cortez Hills Underground Goldrush Fourmile

Discovery 1986 2005 2006-2008 2011 2018

Carlin type ~600Koz Au Reserves at time of acquisition (1986)

Sulphidized/oxide dissolution breccia hosted Carlin type

mineralization

Structurally controlled, sulphidizedbreccia and replacement

mineralization.

Stratiform, lithological control, replacement style Carlin type

mineralization Sulphidized dissolution breccia

hosted Carlin type mineralization

Prod.Statistics

~49Moz produced to date*2Moz produced 2016 and 2017

~250Koz produced 2016 and 2017

~990Koz produced 2016 and 2017 - -

2017 Reserves/Resources

Reserves~8.4 Moz Au

(3.8g/t, 67.9M tonnes)

ResourcesMI ~1.5 Moz Au

(5.2g/t, 9.5M tonnes)Inf ~400Koz Au


Reserves ~510Koz Au


ResourcesMI ~570Koz Au

(1.1g/t, 15.8 tonnes)

2016 Reserves1

~4.3 Moz Au (10.7g/t, 12.3M tonnes)

2016 Resources1

MI ~770Koz Au(8.9g/t, 2.6M tonnes)

Inf ~460Koz Au(10.8g/t, 1.3M tonnes)

Reserves ~1.5 Moz Au


ResourcesMI ~9.3Moz Au

(9.2g/t, 31M tonnes)Inf ~2.3Moz Au

(8.2g/t, 8.8 M tonnes)

N/AMaiden resource expected 2019

Current Status OP – UG Production OP Production UG Production UG Permitting Exploration (UG target)

Track Record: Great Basin, Nevada

http://www.sedar.com/

http://www.sec.gov/

RESERVE AND RESOURCE DEFINITION

EXPLORATION TARGETS

IDENTIFIEDGEOLOGICALTARGETS

SouthAmerica

NorthAmerica Partnerships

Africa & Arab Peninsula

18

11

12

2

13

4

16

7

2

8

19

13

4

4

1 13

135 1

51115

MI Resources

Identified Targets

Advanced Targets

Inferred Resources

Reserve Definition

Follow-up Targets

2

3

7

13

5

3

9

12

8

7

10

27

3

2 3

35 2

294

24

16

KCGM – Australia1

Jabal Sayid – KSAZaldivar – Chile1

Lumwana – Zambia

Feasibility ProjectsGoldrush – USA

Mines Barrick Nevada – USATurquoise Ridge – USA

Golden Sunlight – USAHemlo – CanadaPueblo Viejo – Dom. Rep.Lagunas Norte – PeruVeladero – ArgentinaPorguera – PNG1

Mines Morila – MaliLoulo – MaliTongon – Cote d’IvoireGounkoto – MaliKibali – DRC

Feasibility ProjectsMassawa - Senegal

TOTAL 376

84

66

55

42

55

74

SenegalMali Cote d’Ivoire

DRC

1 Mines included under “Partnerships”

Strength in Combining Extensive Exploration Portfolios

RESERVE AND RESOURCE DEFINITION

EXPLORATION TARGETS

IDENTIFIEDGEOLOGICALTARGETS

MI Resources

TOTAL 376South

America

NorthAmerica

Rest ofWorldAfrica

Mines Barrick Nevada – USATurquoise Ridge – USAGolden Sunlight – USAHemlo – CanadaPueblo Viejo – Dominican Rep.Lagunas Norte – PeruVeladero – ArgentinaZaldivar – ChileMorila – MaliLoulo – MaliTongon – Cote d’IvoireGounkoto – MaliKibali – DRCLumwana – ZambiaPorguera – PNGKCGM – AustraliaJabal Sayid – KSA

Feasibility ProjectsGoldrush – USAMassawa – Senegal

18

11

12

2

13

8

20

7

2

8

19

13

4

16

15 14

135 11

211115

76

42Identified Targets

Advanced targets

Inferred Resources

Reserve Definition

Follow-up targets

84

66

55

42

55

74

Strength in Combining Extensive Exploration Portfolios

Future Exploration Declines

Goldrush2N

Detail follows

Continued success with infill and step-out drilling Emerging parallel trend along Blasdel Fault

Fourmile1

Gold

rush

Four

mile

Red Hill

FM18-40D *3.4m @ 12.5 g/t1.4m @ 60.9 g/t

GRC18-01 *3.5m @ 9.3 g/t

A

A’

1. See Appendix A for additional details including assay results for the significant intercepts2. Probable Reserves: 1.5 Moz (5.7 Mt @ 8.1 g/t); Measured Resources: 47 Koz (0.1 Mt @ 10.4 g/t); Indicated Resources: 9.4 Moz (31.3 Mt @ 9.3 /t)3. Fourmile Project drilling shown on the Goldrush-Fourmile Trend; drilling testing the favorable host lithology shown in the Blasdel Trend; select Goldrush hole shown

Probable Reserves2

M&I Resources2

High grade intercepts (Au >5 g/t)3

No significant interceptOpen mineralization

* approximate location

Goldrush Camp – Continued Growth

Siltstone/mudstone/ greenstone package

Sandstone/mudstone package

Host limestone

Massive limestone

A A’

Plan View

GoldrushFourmile

LEGEND

Gold > 5 g/t3

BrecciaFault

Roberts Mtns Thrust Fault

Fourmile1

Blasdel

300 Meters

FM18-40D2

3.4m @ 12.5 g/t1.4m @ 60.9 g/t

FM18-50D2

7.6m @ 75.6 g/t

1. See Appendix A for additional details including assay results for the significant intercepts 2. Approximate location 3. Fourmile Project drilling shown on the Goldrush-Fourmile Trend; drilling testing the favorable host lithology shown in the Blasdel Trend; select Goldrush hole shown

Blasdel – New Trend, Same Architecture

FM18-24D22.9m @ 16.5 g/t

FM18-23D2.6m @ 125.3 g/t4.7m @ 19.9 g/t 10.5m @ 9.3 g/t

FM18-30D39.3m @ 25.6 g/t 8.1m @ 18.8 g/t

500 Meters

Gold

rush

pro

ject

Four

mile

pro

jectN

GoldrushFootprint

Grade Thickness (gram*meter)

Plan at 5200 Level3

< 25

25 - 100

100 - 249

250 - 499

500 - 1755

Goldrush2

Open mineralization

FM18-50D7.6m @ 75.6 g/t

FM18-47D4.6m @ 60.9 g/t

1. See Appendix A for additional details including assay results for the significant intercepts2. Goldrush Probable Reserves: 1.5 Moz (5.7 Mt @ 8.1 g/t); Measured Resources: 47 Koz (0.1 Mt @ 10.4 g/t); Indicated Resources: 9.4 Moz (31.3 Mt @ 9.3 /t)3. Only Fourmile Project drilling shown

FM18-49D20.4m @ 54.1 g/t

FM18-52D25.9m @ 34.6 g/t21.3m @ 30.2 g/t

Fourmile – Q3 Select Significant Intercepts1

Kibali Underground OpportunitiesLOM Design 3000, 5000 and 9000 lode opportunities

KCD Pushback 3 330koz

$1000/oz designSessenge open pit

300koz$1000/oz design

KCD open pit PB#1 North

3000 Lodeup plunge extension PB#2

1.9Mt @ 2g/t (100koz)UG – 2.1Mt @ 4.97g/t (335koz)

Ave drill intersection17.1m @ 11.2g/t

5000 Lode down plunge

7Mt @ 5.82g/t (1.36Moz)

9000 Lodeup plunge extension

Sessenge Link 3.7Mt @ 2.61g/t (345koz)

Total Current Potential –2.14Moz New assays intersection

8.5m @ 5.3g/t

Drill holes planned

Long-section with Q3 drilling

ProposedADGC Drilling

High Priority Targets

ConceptualTargets (New)

ProposedExploration Drilling

Purple Patch

YaDH9212.3m @ 15.88g/t TW

YDH2803.8m @ 6.0g/t TW

YDH2814.3m @ 1.39g/t TW

YDH28211.4m @ 6.39g/t TW

YaDH8821.7m @ 8.83g/t TW

YaDH8617.3m @ 25.2g/t TW

YaDH804.3m @ 32.21g/t TW

YaDH688m @ 10.01g/t TW

1000m

100m

280mYalea North

targets

Yalea Transfer Zone (15 drill holes)Size: 500m strike x 100m VDWt. Av. Grade: 13.3g/t (range 5.7 to 19.9g/t)Av. Thickness: 11.4m (range 2.4 to 21.7m)

Conversion and Exploration Target Summary:Yalea FW Panel (15 drill holes)Size: 1000m strike x 280m VDWt. Av. Grade: 4.1g/t (range 0.14 to 8.41g/t)Av. Thickness: 5.3m (range 2.5 to 11.4m)

Yalea Central Deepextra ounces

Yalea Transfer Zoneextra ounces

Conversion Shoot target

N

500m>8g/t4 - 8g/t4 – 3g/t3 – 2g/t2 - 0.7g/t

Gold g/t

Yalea...460 Koz at +11 g/t added to mine plan

KZ Structure… pipeline of projects reinforces prospectivity

Kalimva-Ikamva upside:At Ikamva Northwest, evidence of western extension of mineralised system associated with fold hinges - supported by lithosamples of up to 11.5g/t

Kombokolo, Gorumbwa, Pakaka down plunge: Potential for adding resources for UG mining under review

Ndala-Gawa trend: 6km gap interpreted to be related a NW thrust front similar to Pakaka-Mengu trend, with lithosamples up to 8g/t and auger results confirming anomalism

KZ South:Zakitoko-Birindi-Zambula: Steep shear over 15km strike length. Boudinaged system and high grade zones (+3g/t), lithosamples up to 8.51g/tAindi SW Auger defined 2.4km anomaly in saprolite up to 0.97g/t Kobu (east of Zakitoko), lithosamples returned up to 5.9g/t confirming mineralisation associated with quartz vein stockwork

KalimvaIkamva

WatsaDome

Matiko

Shear sub-parallel to foliation, planar/plunging shoots of mineralisation

Plunging shoots on the shear

Thrust planemineralisation

Azambi

Zambula

Hotel

Dembu

Ndala-Gawa

Ndala North

Ndala VillageOere

Gorumbwa

Kombokolo

KCD

Zakitoko

N

5km

147Moz (2015)

>30Moz addedthrough exploration,<5 years

117Moz (2010)

Exploration at similar stage to West Africa 15 years ago

Guiana Shield – West Africa

Underexplored western continuation of West African BirimianGrowing endowment through successful explorationBarrick has been active since 2014 with 2 investments thus far

Reunion Gold Partnership… Guiana Shield Experts

ProducerPre-producerPast-producer

Strong management with proven track record of discovery

Barrick placement (15%), with ROFR on any current or new projects generated

Dorlin Drilling to validate and grow historic

resources Geophysics to expedite targeting

Waiamu– Vein swarms reminiscent of Rosebel– Multiple, km scale gold in soil anomalies– Drilling commenced

Explore world’s most prolific districts Focused brownfields in Tier 1 districts and around operating mines Great Basin Nevada, Andes, West African Craton, DRC-Tanzania Craton

Mineral Resource Management Group to continue to convert discoveries into optimized value

Balanced with early stage exploration in emerging prospective districts Guiana Shield

Canada

High grade copper gold porphyries

Copper opportunities in our operating districts that meet our criteria

Targeting Gold deposits and high grade copper-gold porphyry systems

Exploration strategy

21

Appendix A – Fourmile Significant Intercepts11. All intercepts calculated using a 5 g/t Au

cutoff and are uncapped; minimum intercept width is 0.8 m; internal dilution is less than 20% total width

2. Fourmile drill hole nomenclature: FM (Fourmile) followed by the year (18 for 2018) or GRC (Gold Rush Core) with no designation of the year

3. True width of intercepts are uncertain at this stage

4. FM18-02 updated from “no significant intercepts” due to pending results

The drilling results for the Fourmile property contained in this presentation have been prepared in accordance with National Instrument 43-101 – Standards of Disclosure for Mineral Projects. All drill hole assay information has been manually reviewed and approved by staff geologists and re-checked by the project manager. Sample preparation and analyses are conducted by an independent laboratory. Procedures are employed to ensure security of samples during their delivery from the drill rig to the laboratory. The quality assurance procedures, data verification and assay protocols used in connection with drilling and sampling on the Fourmile property conform to industry accepted quality control methods.

Drill Results from Q3 2018

Core Drill Hole2 Azimuth Dip Interval (m) Width (m)3 Au (g/t)FM18-02D 251 -82 741.0 - 742.5 1.5 5.38FM18-08D 348 -82 743.4 - 746.1 2.7 20.4

FM18-13D 180 -85 653.8 - 661.6 7.8 19.4718.8 - 720.2 1.4 6.4

FM18-19D683 - 686.4 3.4 6.8

204 -84 734.4 - 736.1 1.7 6.4925 - 929.3 4.3 18.8

FM18-23D 52 -80

778.9 - 781.5 2.6 125.3951.3 - 956 4.7 19.9

1021.5 - 1032.0 10.5 9.31038.1 - 1039.6 1.5 6.5

FM18-24D 294 -76

675.1 - 676.6 1.5 6.0710.5 - 712.0 1.5 17.8714.7 - 737.6 22.9 16.5740.7 - 746.8 6.1 6.5

FM18-25D 305 -64

744.2 - 745.6 1.4 32.7776.5 - 786.5 10 17.2842.3 - 843.1 0.8 37.0844.3 - 845.2 0.9 6.7

FM18-26D 100 -85 639.9 - 643 3.1 86.4653.6 - 658.5 4.9 12.5

22

Appendix A – Fourmile Significant Intercepts1

1. All intercepts calculated using a 5 g/t Au cutoff and are uncapped; minimum intercept width is 0.8 m; internal dilution is less than 20% total width




Drill Results from Q3 2018Core Drill

Hole2 Azimuth Dip Interval (m) Width (m)3 Au (g/t)

FM18-26D 100 -85

639.9 - 643 3.1 86.4653.6 - 658.5 4.9 12.5666.8 - 671.8 5 26.1734.7 - 737.8 3.1 12.3747.5 - 750.7 3.2 15.1797.2 - 804.8 7.6 20.8832.1 - 833.5 1.4 23.8

FM18-28D 129 -86696.8 - 699.8 3 7.1719.6 - 739.4 19.8 9.5774.5 - 776 1.5 9.6

FM18-30D 160 -80712.5 - 751.8 39.3 25.6

798 - 800 2 69.9846.9 - 855 8.1 18.8

FM18-40D 97 -78 908 - 911.4 3.4 12.5913 - 914.4 1.4 60.9

FM18-41D 90 -81 no significant intercepts > 5 gpt AuFM18-45D 215 -87 913.2 - 914.6 1.4 6.2FM18-46D 194 -82 no significant intercepts > 5 gpt Au

FM18-47D 151 -83627.3 - 628.8 1.5 5.9772 - 776.6 4.6 60.9

779.5 - 781.3 1.8 11.7

23

Appendix A – Fourmile Significant Intercepts1

1. All intercepts calculated using a 5 g/t Au cutoff and are uncapped; minimum intercept width is 0.8 m; internal dilution is less than 20% total width




Drill Results from Q3 2018

Core Drill Hole2 Azimuth Dip Interval (m) Width (m)3 Au (g/t)

FM18-49D 84 -86 921.1 - 922 0.91 16.8957.7 - 978.1 20.4 54.1

FM18-50D 307 -82 913.8 - 921.4 7.6 75.6926.9 - 928.1 1.2 9.5

FM18-52D 62 -83 873.1 - 899 25.9 34.6

935.6 - 956.9 21.3 30.2

GRC18-01 106 -73 307.4 - 310.9 3.5 9.3

24

1.The potential combined gold reserves figure of 78 million ounces (rounded to the nearest million) is an aggregate of the gold Mineral Reserves reported at US$1200/oz by Barrick in its annual information form for the year ended 31 December 2017 (comprising attributable proven gold Mineral Reserves of 398 million tonnes, at a grade of 1.91 grams/tonne, containing 24 million ounces and attributable probable gold Mineral Reserves of 896 million tonnes, at a grade of 1.39 grams/tonne, containing 40 million ounces, for aggregate attributable proven and probable gold Mineral Reserves of 1,295 million tonnes, at a grade of 1.55 grams/tonne, containing 64 million ounces) and the gold Ore Reserves reported by Randgold at US$1000/oz in its annual report for the year ended 31 December 2017 (comprising total proved gold Ore Reserves of 44 million tonnes, at a grade of 3.78 grams/tonne, containing 3.5 million attributable ounces and total probable gold Ore Reserves of 128 million tonnes, at a grade of 3.78 grams/tonne, containing 10 million attributable ounces, for aggregate total proven and probable gold mineral reserves of 172 million tonnes, at a grade of 3.78 grams/tonne, containing 14 million attributable ounces). The assumptions on which the Mineral Reserves for Barrick are reported are set out in Barrick’s annual information form published on 23 March 2018 and available from www.barrick.com/investors/agm/. The assumptions on which the Ore Reserves for Randgold are reported are set out in Randgold’s annual report published on 29 March 2018 and available from www.randgoldresources.com/annual-reports-listing. The Barrick Mineral Reserves have been prepared according to Canadian Institute of Mining, Metallurgy and Petroleum (“CIM”) 2014 Definition Standards for Mineral Resources and Mineral Reserves as incorporated by National Instrument 43-101 – Standards of Disclosure for Mineral Projects. The Randgold Ore Reserves have been prepared according to the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves standards and guidelines, published and maintained by the Joint Ore Reserves Committee of the Australasian Institute of Mining and Metallurgy, Australian Institute of Geoscientists and the Minerals Council of Australia (the “JORC (2012) Code”). Randgold has reconciled the reported Ore Reserves to the CIM 2014 Definition Standards for Mineral Resources and Mineral Reserves as incorporated by National Instrument 43-101 – Standards of Disclosure for Mineral Projects and there are no material differences. The Barrick tonnage and grade figures are reported on an attributable basis and the Randgold tonnage and grade figures are reported on a total basis. The Barrick Mineral Reserves are reported using US$1200/oz except for Kalgoorlie, which uses A$1600/oz and Bulyanhulu, North Mara and Buzwagi which use US$1100/oz and the Randgold Ore Reserves are reported using US$1000/oz, except for Kibali KCD open pit, which uses an US$1100/oz pit design. As a result, the respective Mineral Reserves and Ore Reserves of Barrick and Randgold may not be directly comparable. The potential combined reserves should be treated as forward looking statements and are subject to change under differing gold price assumptions.

Endnotes

The following qualified persons, as that term is defined in National Instrument 43-101 – Standards of Disclosure for Mineral Projects, have reviewed and approved the relevant scientific and technical information contained in this presentation: Rob Krcmarov, Executive Vice President Exploration and Growth of Barrick and Rick Sims, Registered Member SME, Senior Director, Resources and Reserves of Barrick.

The technical and scientific information contained in this presentation in respect of Randgold has been reviewed and approved for release by Simon Bottoms and Rodney Quick, Randgold’s Qualified Person as defined by National Instrument 43-101 –Standards of Disclosure for Mineral Projects

Technical Information

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Investor Day | Global Exploration: Rob Krcmarov