Barrick Gold Corporation
NYSE : ABX
LSE : BGD
Swiss : ABX
TSX : ABX

Barrick Gold Corporation

October 20, 2006 08:07 ET

Barrick Extends Bid for Pioneer

TORONTO, ONTARIO--(CCNMatthews - Oct. 20, 2006) - Barrick Gold Corporation (NYSE:ABX)(TSX:ABX)(LSE:BGD)(SWX:ABX) announces that it has extended its offer to acquire all of the outstanding common shares of Pioneer Metals Corporation for Cdn$1.00 in cash per share to 6:00 p.m. (Vancouver time) on November 9, 2006. To date, Barrick has acquired approximately 58.6 million shares of Pioneer.

Copies of the Circular for Pioneer Metals Corporation are available on Barrick's website at www.barrick.com or from the Canadian System for Electronic Document Analysis and Retrieval at www.sedar.com.

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.

Contact Information

  • 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