Barrick Gold Corporation

Barrick Gold Corporation
Toronto General & Western Hospital Foundation

Toronto General & Western Hospital Foundation

March 29, 2011 15:07 ET

Memory of Late Barrick CEO, Greg Wilkins, Honoured at Toronto Western Hospital

TORONTO, ONTARIO--(Marketwire - March 11, 2011) -

Editors Note: There is a photo associated with this Press Release.

Barrick Gold Corporation and the family of Greg Wilkins, the former CEO of Barrick, have donated $5.5 million to the Toronto General and Western Hospital Foundation. The gifts from Barrick and the Wilkins family will create the Greg Wilkins-Barrick Chair in International Surgery and fund medical training in neurosurgery for health-care providers in developing countries.

"Greg was an outstanding CEO whose entrepreneurial spirit and strategic vision cemented Barrick's position as the gold industry leader. Greg also shaped Barrick's values, which reflected his unwavering commitment to corporate social responsibility," said Aaron Regent, Barrick's President and CEO. "These medical programs are a fitting tribute to Greg, who supported significant company investments in health care that helped many people around the world. Along with the Wilkins family, we are proud to make this gift a part of Greg's impressive legacy."

In December 2009, Wilkins lost his battle with cancer, passing away at age 53. Dr. Mark Bernstein, a neurosurgeon at Toronto Western Hospital, who was part of Wilkins' care team during his illness, described him as "extremely courageous."

"Greg faced his illness with grace and courage and we are so thankful for the excellent care he received," said Vera Wilkins, Greg Wilkins' wife, who is personally contributing to the Foundation, along with children Mark and Lauren. "Thanks to Barrick, a company Greg loved, his memory will live on through much needed medical programs that he would have whole-heartedly supported."

Toronto Western Hospital, a world leader in diseases of the brain, will establish the following:

The Greg Wilkins-Barrick Chair in International Surgery

The Chair in International Surgery will be held by a world-renowned neurosurgeon, in affiliation with Toronto Western Hospital's neuroscience centre. The centrepiece of health initiatives to honour Greg Wilkins, the Chair will oversee research and training programs for doctors and nurses in developing countries.

The Greg Wilkins-Barrick Fellowship

An annual fellowship will enable a neurosurgeon from a developing country to train at Toronto Western Hospital, with the aim of improving surgical practices in the physician's home country.

The Barrick Gold Corporation Centre for International Outreach

The newly-created Centre for International Outreach will provide training and educational opportunities for nurses and health-care providers based in developing regions, in order to provide a higher standard of medical care for patients.

The Gregory C. Wilkins Centre for Excellence in Neuro-Oncology

Toronto Western Hospital's Centre for Excellence in Neuro-Oncology delivers world-leading, innovative research in the diagnosis and treatment of brain tumours, arteriovenous malformations, and other brain abnormalities. The Centre will be named in Wilkins' honour.

"This wonderful tribute to Greg will give us the opportunity to partner with health-care providers from developing countries and empower them through hands-on education," said Dr. Bernstein. "This kind of collaboration will not only improve care in communities abroad but advance our ability to fight disease throughout the world and here at home."

Wilkins served as President and CEO of Barrick from 2003 to 2008 and led the company's takeover of Placer Dome in 2006, which created the world's largest gold-mining company. During his career, Wilkins worked closely with friend and mentor Peter Munk, Barrick's Founder and Chairman.

About Barrick:

Barrick Gold Corporation is the gold industry leader, with 25 operating mines and a pipeline of large, long-life projects located across five continents, in addition to large land positions on some of the most prolific mineral districts. Barrick's commitment to sustainable economic development, environmental stewardship and safety has been recognized by Dow Jones Sustainability World Index, which listed Barrick for the third consecutive year in 2010. Barrick is also listed on the NASDAQ OMX CRD Global Sustainability Index of the world's top 100 companies.

About Toronto General and Western Hospital Foundation:

The Toronto General and Western Hospital Foundation raises funds for research, education, and the enhancement of patient care at Toronto General Hospital and Toronto Western Hospital as well as for their respective research arms, Toronto General Research Institute and Toronto Western Research Institute.

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