1Investor Days…Nov 2018

NEW BARRICK A new champion for long-term value creation

Cautionary Statement on Forward-Looking Information…Barrick Gold Corporation

Certain information contained in this presentation, including any information as to Barrick’s 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 “believe”, “expect”, “anticipate”, “target”, “plan”, “objective”, “assume”, “intend”, “project”, “goal”, “continue”, “budget”, “estimate”, “potential”, “may”, “will”, “can”, “could”, “would” and similar expressions identify forward-looking statements. In particular, this presentation contains forward-looking statements including, without limitation, with respect to: (i) estimates of cash costs per ounce for gold and per pound for copper, and all-in-sustaining costs per ounce for gold and per pound for copper; (ii) our ability to convert resources into reserves through various projects; (iii) our ability to successfully implement growth projects and strategy; (iv) achievement of greater levels of efficiency and productivity in order to decrease unit costs and increase throughputs; (v) the existence of future opportunities for Barrick and Shandong Gold to establish joint ventures; (vi) the ability of mine exploration drilling to strengthen the quality of Barrick’s production profile; (vii) potential mineralization, including with respect to Fourmile, Blasdel and Goldrush; (viii) proposed management structure; (ix) asset sales, joint ventures and partnerships; and (x) our pipeline of greenfield projects at or near existing operations.

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 Barrick as at the date of this presentation 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); the speculative nature of mineral exploration and development; changes in mineral production performance, exploitation and exploration successes; diminishing quantities or grades of reserves; increased costs, delays, suspensions and technical challenges associated with the construction of capital projects; operating or technical difficulties in connection with mining or development activities, including geotechnical challenges and disruptions in the maintenance or provision of required infrastructure and information technology systems; failure to comply with environmental and health and safety laws and regulations; timing of receipt of, or failure to comply with, necessary permits and approvals; the impact of global liquidity and credit availability on the timing of cash flows and the values of assets and liabilities based on projected future cash flows; adverse changes in our credit ratings; the impact of inflation; fluctuations in the currency markets; changes in U.S. dollar interest rates; risks arising from holding derivative instruments; 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 and other jurisdictions in which Barrick or its affiliates do or may carry on business in the future; lack of certainty with respect to foreign legal systems, corruption and other factors that are inconsistent with the rule of law; damage to Barrick’s reputation due to the actual or perceived occurrence of any number of events, including negative publicity with respect to Barrick’s handling of environmental matters or dealings with community groups, whether true or not; the possibility that future exploration results will not be consistent with Barrick’s expectations; 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; risk of loss due to acts of war, terrorism, sabotage and civil disturbances; litigation; contests over title to properties, particularly title to undeveloped properties, or over access to water, power and other required infrastructure; business opportunities that may be presented to, or pursued by, Barrick; risks associated with the fact that certain of the initiatives described in this presentation are still in the early stages and may not materialize; our ability to successfully integrate acquisitions or complete divestitures; risks associated with working with partners in jointly controlled assets; employee relations including loss of key employees; increased costs and physical risks, including extreme weather events and resource shortages, related to climate change; and availability and increased costs associated with mining inputs and labor. In addition, there are risks and hazards associated with the business of mineral exploration, development and mining, including environmental hazards, industrial accidents, unusual or unexpected formations, pressures, cave-ins, flooding and gold bullion, copper cathode or gold or copper concentrate losses (and the risk of inadequate insurance, or inability to obtain insurance, to cover these risks).

Many of these uncertainties and contingencies can affect our actual results and could cause actual results to differ materially from those expressed or implied in any forward-looking statements made by, or on behalf of, us. Readers are cautioned that forward-looking statements are not guarantees of future performance. All of the forward-looking statements made in this presentation 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 more detailed discussion of some of the factors underlying forward-looking statements and the risks that may affect Barrick’s ability to achieve the expectations set forth in the forward-looking statements contained in this presentation.Barrick 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.

Disclaimer…Randgold Resources

CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS: Except for the historical information contained herein, the matters discussed in this news release are forward-looking statements within the meaning ofSection 27A of the US Securities Act of 1933 and Section 21E of the US Securities Exchange Act of 1934, and applicable Canadian securities legislation. Forward-looking statements include, but are not limited to, statementswith respect to the future price of gold, the estimation of mineral reserves and resources, the realisation of mineral reserve estimates, the timing and amount of estimated future production, costs of production, reservedetermination and reserve conversion rates, as well as statements relating to the expected effects of the proposed transaction (the “Merger”) of Randgold Resources Limited (‘Randgold’) with Barrick Gold Corporation (“Barrick”),and the timing and scope of the Merger. Generally, these forward-looking statements can be identified by the use of forward-looking terminology such as 'will', 'plans', 'expects' or 'does not expect', 'is expected', 'budget','scheduled', 'estimates', 'forecasts', 'intends', 'anticipates' or 'does not anticipate', or 'believes', or variations of such words and phrases or state that certain actions, events or results 'may', 'could', 'would', 'might' or 'will be taken','occur' or 'be achieved'. Assumptions upon which such forward-looking statements are based are in turn based on factors and events that are not within the control of Randgold Resources Limited (‘Randgold’) and there is noassurance they will prove to be correct. Forward-looking statements are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements ofRandgold to be materially different from those expressed or implied by such forward-looking statements, including but not limited to: risks related to mining operations, including political risks and instability and risks related tointernational operations, actual results of current exploration activities, conclusions of economic evaluations, changes in project parameters as plans continue to be refined, the ability to consummate the Merger, the ability toobtain requisite court and shareholder approvals and the satisfaction of other conditions on the proposed terms and schedule, receipt of regulatory approvals, the ability of Barrick and Randgold to successfully integrate theirrespective operations and retain key employees, the potential impact of the consummation of the Merger on relationships, including with employees, suppliers, customers and competitors, future market conditions, changes ingeneral economic, business and political conditions, the behaviour of other market participants, the anticipated benefits from the proposed transaction not being realised as a result of changes in general economic and marketconditions in the countries in which Barrick and Randgold operate, weak, volatile or illiquid capital and/or credit markets, changes in tax rates, interest rate and currency value fluctuations, the degree of competition in thegeographic and business areas in which Barrick and Randgold operate and changes in laws or in supervisory expectations or requirements, as well as those factors discussed in Randgold’s filings with the US Securities andExchange Commission (the 'SEC'). Although Randgold has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements, there may be otherfactors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from thoseanticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. Randgold does not undertake to update any forward-looking statements herein, except in accordance withapplicable securities laws. CAUTIONARY NOTE TO US INVESTORS: The SEC permits companies, in their filings with the SEC, to disclose only proven and probable ore reserves. We use certain terms in this report, such as'resources', that the SEC does not recognise and strictly prohibits us from including in our filings with the SEC. Investors are cautioned not to assume that all or any parts of our resources will ever be converted into reserveswhich qualify as 'proven and probable reserves' for the purposes of the SEC's Industry Guide number 7.

The New Barrick…

Striving to be the world’s most valued gold mining businessby finding, developing and owning the best assets, with thebest people, to deliver sustainable returns for our owners and

partners…Mark Bristow

Mining is about geology and orebodies…

Valu

e

Timeexploration

discovery

production

development

Quality of reserves = value

It’s about how much we can add to reserves

Discovery and development build real value

Its all in how we execute our strategy across the value chain..

BOARD

Owns the orebody

Exploration Evaluation Capital Projects Profitable Operations

‘we are all accountable’

StrategyFinancial

Legal & Compliance

Commercial & Supply Chain Corporate Communications

HS&E, Sustainability

Human Resources

FeasibilityHolds teams accountable

ProcessGuarantee post constructionMetallurgyEngineeringMining

Owns the plans and accountable for delivery

Scenario planning is critical to our business…

Gold Price$1400/oz

Gold Price$1000/oz

Enabling Politics and Social Environment

Disabling Politics and Social Environment

Scenario 1

Scenario 2

Scenario 3

Scenario 4

We invest in people and communication…

Communication with shareholders – consistent quarterly engagement with shareholders as well as an annual roadshow, site visit and our investor days every 2 yearsIn-Country communication – media briefings and ministry meetings every quarter in our host countries

Annual mass meetings conducted by CEO with employees, Unions and local authorities and representatives at our operations

Our employees are stakeholders and the In-Reach programme aims at transferring our DNA to the entire workforce, creating committed employees who feel informed and involved in the business‘One team, One mission’ is the slogan

A proven management team committed to value creation…

Graham ShuttleworthSEVP CFO

TreasuryTaxInternal AuditFinancial ReportingCommercialIT

Kevin ThomsonSEVP Strategic Matters

NorthAmerica

Africa & Middle East

LatinAmerica

ProjectEvaluation

Exploration& Geology

HumanResources

Metallurgy, Engineering &

Capital Projects

Corporate Communications

Corporate Office

Strategic InitiativesLegalCompliance

John ThorntonExecutive Chairman

New BarrickBoard of Directors

Mark BristowPresident and CEO

COO Catherine Raw

COOMark Hill

COOWillem Jacobs

HSESustainability

Darian Rich

Rob Krcmarov

Lois Wark

Rodney Quick

Kathy SiposJohn Steele tba