BGD Barrick Gold

    FOR:  BARRICK GOLD CORPORATION

NYSE, TSX SYMBOL:  ABX
LSE SYMBOL:  BGD

December 1, 2006

Barrick Completes Sale of South Deep Mine for $1.525 Billion

TORONTO, ONTARIO--(CCNMatthews - Dec. 1, 2006) -

All figures in US dollars.

Barrick Gold Corporation (TSX:ABX)(NYSE:ABX)(LSE:BGD) announced today that it has completed the sale to Gold
Fields Limited (NYSE:GFI)(JSE:GFI) of its indirectly held 50 per cent interest in the South Deep asset and its
rights under the joint venture agreement with Western Areas Limited in the Republic of South Africa.

Barrick received consideration of $1.525 billion, comprised of $1.2 billion in cash and 18.7 million Gold
Fields shares valued at $325 million (based on the average ADR trading price on the NYSE for five days
preceding the closing of the transaction).

"We are pleased to have efficiently concluded this transaction," said Greg Wilkins, President and Chief
Executive Officer. "The proceeds from this sale further strengthen Barrick's financial position as we advance
our pipeline of projects, including the Sedibelo platinum project in South Africa."

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 and London stock exchanges.

Forward-Looking Statements

Certain information included in this press release, including any information as to our future financial or
operating performance and other statements that express management's expectations or estimates of future
performance, 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, including South Africa; operating
or technical difficulties in connection with mining or development activities; employee relations; the
speculative nature of gold 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

                                                                
Barrick Gold Corporation



                                                                

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