Barrick Gold Announces 33% Dividend Increase to $0.20

Barrick Gold Corporation (NYSE: ABX) today announced that, consistent with its practice of paying a progressive dividend, the Board of Directors has authorized a quarterly dividend of US20 cents per share, which represents a 33% increase from the previous dividend. Barrick's strong earnings and operating cash flows, combined with its positive outlook on the gold price, enables the Company to continue to make high return investments in its project pipeline and also increase its dividend. Over the last six years, Barrick has had a consistent track record of progressively returning more capital to shareholders, increasing its dividend by more than 260%(1) on a quarterly basis(2). The quarterly dividend is payable on June 15, 2012 to shareholders of record at the close of business on May 31, 2012.