BGD Barrick Gold

    FOR:  BARRICK GOLD CORPORATION

NYSE, TSX SYMBOL:  ABX
LSE SYMBOL:  BGD

April 12, 2007

Barrick Reaches Agreement With Emperor Mines on Porgera Stake

TORONTO, ONTARIO--(CCNMatthews - April 12, 2007) - Barrick Gold Corporation (NYSE:ABX)(TSX:ABX) announced today
that it has entered into a definitive purchase and sale agreement with Emperor Mines Limited (ASX:EMP)
regarding Emperor's 20 per cent interest in the Porgera mine in Papua New Guinea. Barrick's interest in Porgera
will increase from 75 per cent to 95 per cent on the completion of this transaction.

The total consideration is US$250 million in cash plus an adjustment amount. Barrick will be entitled to the
production and the economic benefit of the 20 per cent interest in Porgera, from the effective date of April 1,
2007. In connection with the transaction, Emperor has granted Barrick the option of subscribing up to 15 per
cent of Emperor's current issued capital within 10 days following Emperor's special shareholders' meeting.

The Boards of Emperor and DRDGOLD Limited, the 78 per cent shareholder of Emperor, have announced their support
for the proposed transaction and will recommend that their respective shareholders vote in favor of the sale of
the Porgera interest to Barrick.

"Consolidating the ownership of the Porgera mine is part of Barrick's strategy of owning long-life, world-class
assets," said Greg Wilkins, President and Chief Executive Officer.

Porgera produced approximately 542,000 ounces in 2006 and has proven and probable reserves of 9.42 million
ounces(1) (100 per cent basis). Barrick acquired its 75 per cent interest in Porgera through its acquisition of
Placer Dome in January 2006. Barrick is currently in discussions regarding the possible sale of up to a 5 per
cent interest to its joint venture partner, Mineral Resources Enga Limited, for the proportionate acquisition
cost paid by Barrick.

The agreement is subject to certain conditions, including the receipt of regulatory approvals from Papua New
Guinea, and is expected to close within four months.

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.

BMO Capital Markets acted as financial adviser to Barrick. Clayton Utz acted as legal adviser to Barrick in
Australia and Blake Dawson Waldron acted as legal adviser to Barrick in Papua New Guinea.

(1) Proven reserves contain 61.3 million tons of ore at 0.102 oz/ton for 6.27 million ounces. Probable reserves
contain 23.9 million tons of ore at 0.132 oz/ton for 3.15 million ounces. Mineral reserves have been calculated
as at December 31, 2006 in accordance with National Instrument 43-101, as required by Canadian securities
regulatory authorities. Calculations have been prepared by employees of Barrick under the supervision of
Jacques McMullen, Vice President, Metallurgy and Process Development, Rick Allan, Director - Engineering and
Mining Support, and Rick Sims, Manager Corporate Reserves of Barrick. For a more detailed description of the
methods used in calculating Barrick's reserves and resources, see Barrick's most recent Form 40-F/Annual
Information Form on file with the US Securities and Exchange Commission and Canadian provincial securities
regulatory authorities.

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; 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 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
Susan Muir
Director, Investor Relations
(416) 307-5107
Email: s.muir@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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