district development Tanzania – Lake Victoria Greenstone Belt

Bulyanhulu Barrick Properties Barrick Properties district development Tanzania – Lake Victoria Greenstone Belt

Pangea properties Pangea properties Bulyanhulu Barrick properties Barrick properties Pangea properties district development Tanzania – Lake Victoria Greenstone Belt

regional geology Tanzania – Lake Victoria Greenstone Belt GEITA BULYANHULU 10.5 Moz reserve Barrick Gold Corporation GOLDEN PRIDE

district development Tanzania – Lake Victoria Greenstone Belt Geita Bulyanhulu Tulawaka Golden Pride Sekenke Musoma

Bulyanhulu district development Bulyanhulu Golden Ridge 21 licenses 2,000 sq. km.

Sekenke district development 26 licenses 2,400 sq. km. Sekenke

Geita district development 18 licenses 1,200 sq. km. Geita Mine Bulyanhulu

Tulawaka district development Bulyanhulu Tulawaka 14 licences 1,000 sq. km.

Geita Bulyanhulu Tulawaka Golden Pride Sekenke Musoma district development Tanzania – Lake Victoria Greenstone Belt

Tulawaka district development Bulyanhulu Tulawaka 200 km. to Bulyanhulu 1 million oz. resource grade of 19 g/t

Tulawaka longitudinal section – east zone TDD 15 TDD 17 TRC 499 TRC 514 TRC 511 TRC 510 TDD 38 TDD 12 TDD 39 TDD 50 TRC 503 TDD 28 TRC 466 TRC 504 TRC 467 TRC 486 TRC 484 TRC 485 TDD 20 TRC 488 TRC 489 TDD 27 TRC 490 TRC 498 TRC 508 TRC 509 TRC 491 TRC 487 TDD 36 TDD 37 TDD 33 TRC 500 TRC 502 TRC 501 TDD 41 TDD 35 TDD 31 TDD 42 TDD 34 TDD 26 TRC 469 TRC 505 TRC 471 TRC 470 TRC 507 TRC 506 TDD 24 TDD 32 TRC 441 TDD 21 TDD 19 TDD 25 TDD 29 TRC 512 TRC 513 TDD 49 TDD 16 TDD 13 TDD 14 TDD 40 TDD 47B TDD 52W1 TDD 30 TDD 51 L 4+00 WL 3+00 WL 2+00 W L 1+00 W L 0+00 L 1+00 E L 2+00 EL 3+00 E L 4+00 E L 5+00 W L 6+00 W Surface Mineralized Zone 100 m New Vein Area Mineralized Zone 1200m El. 1150m El. 1100m El. 1050m El. 1000m El. 950m El. 900m El. www www www www www www ww previous borehole intercept recent borehole intercept proposed borehole intercept

Tulawaka longitudinal section – east zone TDD 15 TDD 17 TRC 499 TRC 514 TRC 511 TRC 510 TDD 38 TDD 12 TDD 39 TDD 50 TRC 503 TDD 28 TRC 466 TRC 504 TRC 467 TRC 486 TRC 484 TRC 485 TDD 20 TRC 488 TRC 489 TDD 27 TRC 490 TRC 498 TRC 508 TRC 509 TRC 491 TRC 487 TDD 36 TDD 37 TDD 33 TRC 500 TRC 502 TRC 501 TDD 41 TDD 35 TDD 31 TDD 42 TDD 34 TDD 26 TRC 469 TRC 505 TRC 471 TRC 470 TRC 507 TRC 506 TDD 24 TDD 32 TRC 441 TDD 21 TDD 19 TDD 25 TDD 29 TRC 512 TRC 513 TDD 49 TDD 16 TDD 13 TDD 14 TDD 40 TDD 47B TDD 52W1 TDD 30 TDD 51 L 4+00 WL 3+00 WL 2+00 W L 1+00 W L 0+00 L 1+00 E L 2+00 EL 3+00 E L 4+00 E L 5+00 W L 6+00 W Surface Mineralized Zone 100 m New Vein Area Mineralized Zone 1200m El. 1150m El. 1100m El. 1050m El. 1000m El. 950m El. 900m El. www www www www www www ww previous borehole intercept recent borehole intercept proposed borehole intercept

Tulawaka section – W bore hole intersection assay = g/t Au / m bore hole intersection assay = g/t Au / m gold zone 50 N 150 N250 N 1050m 1100m 1150m upper saprolite bedrock lower saprolite surface laterite 25 m Talus zone TRC 253 TRC 251 TRC 252 TRC 250 TRC 108 TRC 341 TRC 344 TDD /5m 4.90/8m 1.57/1m 25.84/14m 11.10/1m 8.36/4.22m /2.69m VEIN B VEIN A

Bulyanhulu district development 21 licenses 2,000 sq. km. Bulyanhulu Buly South Itetemia

surface geology RAB results drilled with core significant RAB results significant RAB results over reef 1

development december 31, 1998 reserves: 3.7 million oz. 1 km.

development december 31, 1999 reserves: 7.5 million oz. reserves & resources: >10.4 million oz. reserves: 7.5 million oz. reserves & resources: >10.4 million oz. 2 km. 1.2 km.

development august 31, 2000 reserves: 10.5 million oz. reserves & resources: >12.0 million oz. reserves: 10.5 million oz. reserves & resources: >12.0 million oz. 2 km. 4 km.

september, drills working – 18 definition, 2 exploration 2 km. KMC-615B 2.63 m 16.25g/t KMC m 25.85g/t KMC-727A results pending KMC–590D in progress KMC–640D 2.56 m 25.11g/t KMC m 5.18g/t KMC–699 results pending KMC–693A 3.78 m 6.34g/tKMC-700E 2.48 m 19.42g/t

september, drills working – 18 definition, 2 exploration 2 km. KMC-615B 2.63 m 16.25g/t KMC m 25.85g/t KMC-727A results pending KMC–590D in progress KMC–640D 2.56 m 25.11g/t KMC m 5.18g/t KMC–699 results pending KMC–693A 3.78 m 6.34g/t 7 km.KMC-700E 2.48 m 19.42g/t

phase I development update general overview april 2001 startup on budget

phase I development update infrastructure 138 km powerline completed water pipeline commissioned

phase I development update process facilities construction of plant and infrastructure 67% complete all major equipment is on site mill startup 2001

phase I development update potential for expansion 4,000 tonnes per day 6,000 tonnes per day

phase I development update shaft sinking production shaft at 320 meters first station excavated shaft in production in 2Q, 2001 three ventilation shafts completed

phase I development update underground development 9,300 meters completed – 25% over feasibility 3 Tanzanian development crews

phase I development update underground development grades consistent – thickness 10% greater 121,000 16g/tonne stockpiled

phase I development update training / staffing 50 Tanzanian development operators trained 60 Tanzanians in training for process and maintenance expatriate recruitment nearly complete

phase I development update community and environment employee housing World Bank environmental standards

2 km. 4 km. MAIN phase I EAST phase II

phase II east zone 12/13 grams per tonne tpd mining rate adds 100,000 oz. to production decline to begin early months to access ore

phase II east zone 2002 program delineate current reserve carry out further exploration begin development 2003 production $40 million capital expenditure

2 km. 4 km. WEST phase III MAIN phase I phase IV EAST phase II

phase III west zone surface drilling to date greater widths / higher grades requires main shaft to access zone by drift phase IV deep main zone great holes at depth develop later in decade

property summary present total cash costs: $130 per /oz total production costs: under $200 per /oz potential increase reserves reduce costs