Barrick Gold Corporation

Barrick Gold Corporation

March 30, 2005 08:54 ET

Barrick Appoints Alex Davidson to Drive Growth Plan-Responsible for Exploration and Corporate Development


NEWS RELEASE TRANSMITTED BY CCNMatthews

FOR: BARRICK GOLD CORPORATION

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

MARCH 30, 2005 - 08:54 ET

Barrick Appoints Alex Davidson to Drive Growth
Plan-Responsible for Exploration and Corporate
Development

TORONTO, ONTARIO--(CCNMatthews - March 30, 2005) - Barrick Gold
Corporation (NYSE:ABX)(TSX:ABX)(LSE:BGD)(SWX:ABX)(BOURSE:ABX):

Barrick Gold Corporation announced today that Alex Davidson has been
appointed Executive Vice President Exploration and Corporate
Development, effective immediately. Previously Mr. Davidson was
Executive Vice President of Exploration.

"I am thrilled to have Alex in this newly created position - Barrick
will be able to benefit from the greater collaboration of our
exploration and corporate development teams," said Greg Wilkins,
President and Chief Executive Officer. "Alex brings to this position a
real understanding of the mining business and a wealth of experience. I
look forward to working closely with him as we further develop our
growth plans."

Since joining Barrick in 1993, Mr. Davidson has overseen the expansion
of the Company's exploration program from North America into South
America and around the globe. "Barrick has consistently invested in
exploration and the exploration team has been successful on many fronts
- from the Frontera and Alto Chicama districts to introducing
technologically-advanced exploration techniques," said Mr. Davidson. "I
am excited to take on the challenge of both exploration and corporate
development - it's a collaborative approach that will clearly focus on
one priority: to grow this company."

Barrick also announced the appointment Rob Krcmarov as Vice President,
Exploration; previously, Mr. Krcmarov was Vice President, Exploration
for Australia, Tanzania and Asia.

Barrick is currently building a new generation of mines and is targeting
a 40 percent increase in its production profile by 2007 to approximately
6.8-7.0 million ounces. The Tulawaka Mine in Tanzania poured gold on
March 15, 2005, and the Company expects to commence production at three
other new mines within the next year: Lagunas Norte in Peru in the third
quarter; Veladero in Argentina in the fourth quarter; and Cowal in
Australia in the first quarter of 2006.

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

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Contact Information

  • FOR FURTHER INFORMATION PLEASE CONTACT:
    Barrick Gold Corporation
    Vincent Borg
    Vice President, Corporate Communications
    (416) 307-7477
    (416) 861-1509 (FAX)
    media@barrick.com