Cautionary Statement on Forward-Looking Information
Certain information contained or incorporated by reference in this press release, including any information as to our strategy,
projects, plans or future financial or operating performance, constitutes “forward-looking statements”. All statements, other than statements of historical fact, are forward-looking statements. The words “anticipated”,
“believe”, “expect”, “plan”, “committed”, “guidance”, “project”, “continue”, “progress”, “advance”, “develop”, “on
track”, “on schedule”, “on budget”, “underway”, “ongoing”, “remain”, “priority”, “focus”, “position”, “prospective”,
“target”, “estimate”, “growth”, “potential”, “future”, “will”, “could”, “would”, “should”, “may” and similar expressions identify
forward-looking statements. In particular, this press release contains forward-looking statements including, without limitation, with respect to: Barrick’s forward-looking production guidance and Barrick’s ability to achieve its
full-year 2026 production and cost guidance; estimates of future cost of sales per ounce for gold and per pound for copper, total cash costs per ounce and C1 cash costs per pound, and all-in sustaining costs
per ounce/pound; projected capital, operating and exploration expenditures; the continued ramp-up of Goldrush and Loulo-Gounkoto; the expected timing of access to high-grade material at North Mara; our ability to convert resources into reserves and
replace reserves net of depletion from production; mine life and production rates, including anticipated production growth from Barrick’s organic project pipeline and the potential to extend open pit mine life at Nevada Gold Mines beyond 2050;
the potential for Fourmile to be a Tier One Gold Asset and the advanced studies, infill and resource definition drilling and permitting activities underway at Fourmile; Barrick’s global exploration strategy and planned exploration activities,
including at Cortez and Carlin; our plans, and expected timing, completion and benefits of our growth projects, including potential open pit growth and the optimization of processing capacity at Nevada Gold Mines, the Lumwana Super Pit Expansion
project and the Pueblo Viejo plant expansion and mine life extension project; timing for first production, expected increase in copper production and estimated 2026 capital spending on the Lumwana Super Pit Expansion project, including the expected
commencement of the tailings storage facility expansion and completion of the mill wall lifts in Q4 2026; the expected timing of submission of the starter dam permit package for the Naranjo tailings storage facility and progress on the flotation
improvement work at Pueblo Viejo; the ongoing review of, and anticipated lower spending at, the Reko Diq project; the proposed IPO of an entity that will hold Barrick’s North American assets; potential mineralization and metal or mineral
recoveries; the payment of the Q3 2026 dividend; Barrick’s share buyback program and dividend policy; and expectations regarding future price assumptions and economic sensitivities, financial performance and other outlook or guidance.
Forward-looking statements are necessarily based upon a number of estimates and assumptions including material
estimates and assumptions related to the factors set forth below that, while considered reasonable by the Company as at the date of this press release in light of management’s experience and perception of current conditions and expected
developments, 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
and undue reliance should not be placed on such statements and information. Such factors include, but are not limited to: fluctuations in the spot and forward price of gold, copper or certain other commodities (such as silver, diesel fuel, natural
gas and electricity); risks associated with projects in the early stages of evaluation and for which additional engineering and other analysis is required; risks related to the possibility that future exploration results will not be consistent with
the Company’s expectations, that quantities or grades of reserves will be diminished, and that resources may not be converted to reserves; risks associated with the fact that certain of the initiatives described in this press release are still
in the early stages and may not materialize; changes in mineral production performance, exploitation and exploration successes; risks that exploration data may be incomplete and considerable additional work may be required to complete further
evaluation, including but not limited to drilling, engineering and socioeconomic studies and investment; the speculative nature of mineral exploration and development; lack of certainty with respect to foreign legal systems, corruption and other
factors that are inconsistent with the rule of law; changes in national and local government legislation, taxation, controls or regulations and/or changes in the administration of laws, policies and practices; expropriation or nationalization of
property and political or economic developments in Canada, the United States, or other countries in which Barrick does or may carry on business in the future; risks relating to the proposed IPO of an entity that will hold Barrick’s North
American assets; risks relating to political instability in certain of the jurisdictions in which Barrick operates; timing of receipt of, or failure to comply with, necessary permits and approvals; non-renewal
of key licenses by governmental authorities; failure to comply with environmental and health and safety laws and regulations; increased costs and physical and transition risks related to climate change, including extreme
