Barrick announces the sale of a very project

All amounts expressed in American dollars

Barrick Mining Corporation (NYSE: B) (TSX: ABX) (“Barrick” of het “bedrijf”) heeft vandaag aangekondigd dat het een overeenkomst heeft bereikt om het Alturas-project (het “Project”) in Chili in Chili te verkopen aan een subsidie van een subsidaat van Boroo Pte Ltd (Singapore) (“Boroo”) voor een up-front-front betaling van $ 50 million. In addition, Barrick gets a net smelter return of 0.5% on gold and silver produced from the project, which will be produced once 2 million our gold and gold equivalent is produced. Boroo can buy back the royalty within four years of closing $ 10 million.

Boroo acquires the project through the acquisition of all shares of Compañia Minera Salitrales Spa, the subsidiary of Barrick who owns the project.

The proceeds from the sale will be used to further strengthen Barrick’s balance, to invest in our future and to support our dedication to deliver returns to our shareholders.

Barrick President and Chief Executive Mark Bristow said that Barrick remained determined to optimize his portfolio of assets that are in line with his objective to concentrate on long, sustainable Tier One 1 Gold and Copper operations that exploit and promotes its priority port of growth projects.

“This agreement enables Barrick to leave Alturas with an attractive appreciation, while Boroo offers the opportunity to pursue the development of the project. This is another good example of a copy in which we possess is better suited in the hands of others, while we have our priority portfolio of Barrick-managed for the future for the future and will continue for the future for the future and will continue for the future for the future and the forfreen-for-the-theme-managed and the forgive for the future. Stakeholders of the project, “said Bristow.

Chile remains an important jurisdiction for Barrick, with a portfolio with interests in the Zaldivar Copper Mine and the El Alto and Norte Abierto projects, and the company will continue to strive to find and exploit Gold and Copper Mines of World Class in that country.

The transaction is expected to be completed in the third quarter of 2025, depending on the usual closing conditions that meet.

Southern Cone Partners acted as a financial adviser to Barrick. Davies Ward Phillips & Vineberg LLP and Dentons (Santiago) acted as Legal Adviser to Barrick.

About Barrick Mining Corporation
Barrick is a leading company for global mining, exploration and development company. With one of the largest portfolios of gold and copper assets of world class and long-term life in the industry-including six of the Tier One Gold Mines of the World-Omverren Barrick’s activities and projects 18 countries and five continents. Barrick is also the largest gold producer in the United States. We create real, long -term value for all stakeholders through responsible mining, strong partnerships and a disciplined approach to growth. Barrick shares trade on the New York Stock Exchange under the symbol ‘B’ and on the Toronto Stock Exchange under the ‘ABX’ symbol.

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E -Mail: barrick@dpapr.com

Endnut 1
A Tier One Gold Asset is an active with a reserve of $ 1,400/oz with potential to deliver a minimum lifespan of 10 years, an annual production of at least 500,000 ONG Gold and with costs per ounce in the lower half of the industrial cost curve. A Tier One Copper Asset/Project is an active with a reserve of $ 3.00/LB with potential for +5mT contains the buyer to support at least 20 years of life, annual production of at least 200 KTPA, with costs per pound in the underest half of the industrial cost curve. Tier One Activa must be in a geological district of world class with potential for organic reserve growth and geologically driven value in the long term.

Warning statement about future -oriented information
Certain information in this press release, including all information regarding the completion and timing of the sale of the project, forms “future -oriented statements”. All statements, other than statements of historical facts, are future -oriented statements. The words “plan”, “would”, “expected”, “Will”, “May” and similar expressions identify future -oriented explanations. In particular, this press release contains future -oriented statements, including, without limitation, with regard to: timing for completing the transaction with Boroo; the expected use of yields after completion of the transaction; Barrick’s constant focus on Tier One Gold and Copper Assets and his portfolio of growth projects; and Barrick’s future intentions with regard to projects in Chile.

Force -looking statements are necessarily based on a number of estimates and assumptions, including material estimates and assumptions related to the factors set out below that, although by Barrick considered reasonable as on the date of this press release in the light of the experience of management and perception of current circumstances, and divided developments, and inherentingly and are inherentingly Contingents. The estimates and assumptions in this press release, which may be incorrect, include, but are not limited to: that the parties will complete the transaction and that Barrick will receive the consideration to be paid (including under the royalty) in accordance with and on the timeline considered by the general terms and conditions of the relevant agreements, based on the expectation; that the conditions for the completion of the transaction will be met within the expected time frame or not at all; Fluctuations on the spot and forward price of gold, copper or other raw materials (such as silver, diesel fuel, natural gas and electricity); timing of receipt of, or not -of, necessary permits and approvals; the speculative nature of mineral exploration and development; Changes in the production performance of mineral production, exploitation and exploratory successes; decreasing quantities or figures of reserves; Changes in national and local government legislation, taxes, controls or regulations and/or changes in the management of laws, policy and practices, expropriation or nationalization of ownership and political or economic developments in Chile; Lack of certainty with regard to foreign legal systems, corruption and other factors that are not consistent with the rule of law; Failure to comply with laws and regulations for environmental and health and safety; lawsuits and legal and administrative procedures; Risk of loss as a result of war acts, terrorism, sabotage and bourgeois disruptions; And availability and increased costs related to mining input and labor. There can be no certainty that future -oriented statements will prove to be accurate, because the actual results and future events can vary from those that are expected in such statements, including the risk that the sales transaction will not be completed for any reason. Forward -looking statements are provided to provide information about the expectations and plans of management with regard to the future. All future-oriented statements in this press release are qualified by these warning statements and those in Barrick’s most recent form 40-f/annual information form in file with the SEC and Canadian Provincial Securities Authorities that contain a more detailed discussion of some of the Factor-Factor-Cookers can be used in the Factor-Forder-For-Cooker declarations forward agreements that contain in this prime minister.

Barrick accepts any intention or obligation to update or revise future explanations, either as a result of new information, future events or otherwise, except as required by the applicable legislation.