BGD Barrick Gold

    FOR:  BARRICK GOLD CORPORATION

NYSE, TSX, Swiss SYMBOL:  ABX
LSE SYMBOL:  BGD

October 5, 2006

Barrick Prices $1 Billion of Copper-Linked Notes

TORONTO, ONTARIO--(CCNMatthews - Oct. 5, 2006) - Barrick Gold Corporation (NYSE:ABX)(TSX:ABX)(LSE:BGD)(SWX:ABX)
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All figures in US dollars

Barrick Gold Corporation announced today the pricing of $1 billion of copper-linked notes (the "Barrick Notes")
comprised of $400 million of 5.75% notes due 2016 and $600 million of 6.35% notes due 2036. The offering of
these notes is expected to close on or about October 12, 2006.

During the first three years of these Barrick Notes, the original $1 billion of funding is to be repaid from
the sales proceeds of approximately 324 million pounds of copper (equating to approximately $3.08 per pound),
and is to be replaced with $1 billion of funding in the form of conventional interest-bearing notes maturing in
2016 and 2036. The replacement of the copper-linked portion of the notes with conventional interest-bearing
notes during this period occurs simultaneously such that the total amount of debt outstanding at any time from
issue date to maturity is $1 billion.

The Barrick Notes will be purchased by ABX Financing Company, a company incorporated for the purpose of
acquiring the Barrick Notes. ABX Financing Company issues conventional interest-bearing notes ("ABXFC Notes")
to fund the purchase of the Barrick Notes and enters into copper swaps in order to offset its exposure to
copper prices. The ABXFC Notes are effectively backed by the Barrick Notes, and will be exchanged for the
Barrick Notes in September 2009. Both issues are guaranteed by Barrick. Proceeds from the Barrick Notes will be
used to fund our development projects, and to pre-finance upcoming debt maturities.

Neither the Barrick Notes nor the ABXFC Notes have been, or will be, registered under the Securities Act of
1933 or any state securities laws and may not be offered or sold in the United States absent an exemption from,
or in a transaction not subject to, the registration requirements of the Securities Act of 1933 and any
applicable state securities laws. This press release does not constitute an offer to sell, or the solicitation
of an offer to buy the notes in the United States, nor shall there be any sale of the notes in any jurisdiction
in which such offer, solicitation or sale would be unlawful.

Barrick's vision is to be the world's best gold company by finding, acquiring, developing and producing quality
reserves in a safe, profitable and socially responsible manner. Barrick's shares are traded on the Toronto, New
York, London, and Swiss stock exchanges.

Forward-Looking Statements

Certain information included in this press release constitute "forward-looking statements." The words "expect",
"will", "intend", "estimate" and similar expressions identify forward-looking statements. Forward-looking
statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable
by management, are inherently subject to significant business, economic and competitive uncertainties and
contingencies. The Company cautions the reader that such forward-looking statements involve known and unknown
risks, uncertainties and other factors that may cause the actual results, performance or achievements of
Barrick to be materially different from the Company's estimated future results, performance or achievements
expressed or implied by those forward-looking statements and the forward-looking statements are not guarantees
of future performance. These risks, uncertainties and other factors include, but are not limited to:  changes
in the worldwide price of gold or certain other commodities (such as fuel and electricity) and currencies;
legislative, political or economic developments in the jurisdictions in which the Company carries on business;
operating or technical difficulties in connection with mining or development activities, employee relations;
the speculative nature of gold and mineral exploration and development, including the risks of diminishing
quantities or grades of reserves: contests over title to properties, particularly title to undeveloped
properties; and the risks involved in the exploration, development and mining business. These factors are
discussed in greater detail in the Company's most recent Form 40-F/Annual Information Form on file with the US
Securities and Exchange Commission and Canadian provincial securities regulatory authorities.

The Company 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.


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FOR FURTHER INFORMATION PLEASE CONTACT:

INVESTOR CONTACTS:
Barrick Gold Corporation
James Mavor, Vice President,
Investor Relations
(416) 307-7463
Email: jmavor@barrick.com

OR

Barrick Gold Corporation
Mary Ellen Thorburn, Director,
Investor Relations
(416) 307-7363
Email: mthorburn@barrick.com

OR

MEDIA CONTACT:
Barrick Gold Corporation
Vincent Borg, Senior Vice President,
Corporate Communications
(416) 307-7477
Email: vborg@barrick.com


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Barrick Gold Corporation



                                                                

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