Operated by

Kibali continues to deliver…opportunities for moreKinshasa, July 2021

Cautionary Statement on Forward-Looking Information…

Certain information contained in this presentation, including any information as to Barrick’s strategy, plans, or future financial or operating performance, constitutes “forward-looking statements”. All statements,other than statements of historical fact, are forward-looking statements. The words “continues”, “opportunities”, “potential”, “explores”, “further”, “plan”, “on track”, “guidance”, “project”, “prevention”,“implementation”, “improvement”, “pipeline”, “indicates”, “test”, “predict” and similar expressions identify forward-looking statements. In particular, this presentation contains forward-looking statements including,without limitation, with respect to: forward-looking production guidance and targets; future investments in community projects; resource replacement pipeline, potential mineralization additions to reserves andexploration success, including potential life of mine extensions; further growth opportunities through exploration or acquisitions; Kibali’s health and safety programmes, including Covid-19 vaccination programmes;unresolved issues between the Kibali mine and the DRC government; Kibali’s cyanide destruction pilot project; skills and workforce training; and Barrick’s commitment to the DRC and local communities andeconomy, including its partnership with Garamba National Park.

Forward-looking statements are necessarily based upon a number of estimates and assumptions; including material estimates and assumptions related to the factors set forth below that, while consideredreasonable by Barrick as at the date of this presentation in light of management’s experience and perception of current conditions and expected developments, are inherently subject to significant business,economic, and competitive uncertainties and contingencies. Known and unknown factors could cause actual results to differ materially from those projected in the forward-looking statements, and undue relianceshould not be placed on such statements and information. Such factors include, but are not limited to: changes in national and local government legislation, taxation, controls, or regulations and/or changes in theadministration of laws, policies, and practices, expropriation or nationalization of property and political or economic developments in DRC; lack of certainty with respect to foreign legal systems, corruption, andother factors that are inconsistent with the rule of law; risk of loss due to acts of war, terrorism, sabotage and civil disturbances; infectious diseases presenting major health care issues; fluctuations in the spot andforward price of gold, copper, or certain other commodities (such as silver, diesel fuel, natural gas, and electricity); timing of receipt of, or failure to comply with, necessary permits and approvals; failure to complywith environmental and health and safety laws and regulations; litigation and legal and administrative proceedings; damage to Barrick’s reputation due to the actual or perceived occurrence of any number ofevents, including negative publicity with respect to the Barrick’s handling of environmental matters or dealings with community groups, whether true or not; the speculative nature of mineral exploration anddevelopment; changes in mineral production performance, exploitation, and exploration successes; diminishing quantities or grades of reserves; risks associated with new diseases, epidemics and pandemics,including the effects and potential effects of the global Covid-19 pandemic; increased costs, delays, suspensions, and technical challenges associated with the construction of capital projects; operating or technicaldifficulties in connection with mining or development activities, including geotechnical challenges, and disruptions in the maintenance or provision of required infrastructure and information technology systems; theimpact of global liquidity and credit availability on the timing of cash flows and the values of assets and liabilities based on projected future cash flows; the impact of inflation; fluctuations in the currency markets;contests over title to properties, particularly title to undeveloped properties, or over access to water, power, and other required infrastructure; employee relations including loss of key employees; increased costsand physical risks, including extreme weather events and resource shortages, related to climate change; and availability and increased costs associated with mining inputs and labor. Barrick also cautions that itsguidance may be impacted by the unprecedented business and social disruption caused by the spread of Covid-19. In addition, there are risks and hazards associated with the business of mineral exploration,development, and mining, including environmental hazards, industrial accidents, unusual or unexpected formations, pressures, cave-ins, flooding, and gold bullion, copper cathode, or gold or copper concentratelosses (and the risk of inadequate insurance, or inability to obtain insurance, to cover these risks).

Many of these uncertainties and contingencies can affect our actual results and could cause actual results to differ materially from those expressed or implied in any forward-looking statements made by, or onbehalf of, us. Readers are cautioned that forward-looking statements are not guarantees of future performance. All of the forward-looking statements made in this presentation are qualified by these cautionarystatements. Specific reference is made to the most recent Form 40-F/Annual Information Form on file with the SEC and Canadian provincial securities regulatory authorities for a more detailed discussion of someof the factors underlying forward-looking statements, and the risks that may affect Barrick’s ability to achieve the expectations set forth in the forward-looking statements contained in this presentation.

Barrick disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except as required by applicable law.

Our Global Business…

As of December 31, 2020In April 2020, Porgera was placed on care and maintenance. Porgera’s ownership is subject to change pursuant to the framework agreement signed with the government of Papua New Guinea on April 9, 2021

Investment and Reinvestment…growing the pie

In-country payments to June 30, 2021… $3.6 Bn

Barrick explores opportunities to grow the pie for all stakeholders in the DRC Visible contributions directly

in the area of the project:$ 185.3m

Salaries$ 494m

Royalties, Taxes & Permits$ 827m

Payments to Local Suppliers

$ 2.12Bn

$3.6 Bn

Further opportunities for growth and reinvestment through exploration and M&A

Initial capital investment for phase 1 and 2 development of Kibali…$2.7 Bn(excludes ongoing capital)

Q2 update…delivering on the 2021 business plan

Kibali on track to deliver on production guidance for the yearIn continued partnership with the DRC health authorities, Covid-19 vaccinations started in Q1 for Kibali employees and contractors – currently 582 (11%) vaccinated compared to 0.06% countrywideReinforced Covid-19 protocols and discipline to deal with the “Third Wave” enabled continued operation at KibaliOn track to potentially replace reserves over and above depletion to extend 10 year plus life of mineExploration continues to deliver potential for additional ounces at Kibali Maintenance at Azambi and Ambaraub hydropower stations completed with the implementation of predictive maintenance software using machine learning to assist in failure mode identificationProject for supply of raw water from open pits to process plant to further reduce water abstraction from Kibali RiverCommencement of Phase 2 of the cyanide detoxification and gold recovery test workPartnership with new DRC Government continues to strengthen through engagement

Covid-19…

Vaccination programme started at Kibali site with the support of the Government health authorities

Currently 582 employees (11%) vaccinated compared to 0.06% countrywide

Kibali’s donation to fight Covid-19 since its onset in 2020 now over $ 2.5m

Partnership with the National Laboratory Institution continues

Prevention protocols in place: social distancing, mandatory wearing of face masks and disinfection tunnels for personnel and vehicles

Mass community sensitisation implemented through local radio broadcasts, flyers, social media and door to door awareness campaigns

Safety, environment and bio-diversity…

Zero Lost Time Injuries (LTI) recorded during Q2Lost Time Injury Frequency Rate (LTIFR) in Q2 2021 of 0.00 vs 0.63 in Q1 2021Occupational Health and Safety legal audit conducted during Q2

ISO 14001 accreditation maintainedOverall water reuse and recycling rate of 78% was achievedFurther reduce abstraction of water from the Kibali River by using existing pit water - project under implementation

Safety

Environment

0

1

2

3

4

5

6

7

2011

2012

2013

2014

2015

2016

2017

2018

2019

2020

YTD

202

1

LTIFR1

Bio-diversityReforestation plan continued with 6,716 trees planted this quarterMonitoring of wildlife population continued on site with motion sensor camerasPartnership with Garamba National Park continued; the action plan was revised with the aim of identifying further areas for improvement

Health…

0

5

10

15

20

2011

2012

2013

2014

2015

2016

2017

2018

2019

2020

Q2

2021

HIV Positivity Rate (%)

0255075

100125150

2011

2012

2013

2014

2015

2016

2017

2018

2019

2020

Q2

2021

Malaria Incidence Rate (%)MalariaRecorded malaria incidence rate of 5.78% in Q2 2021 vs 6.4% for the same period in 2020Indoor Residual Spraying in the camp, within exclusion zone, junior village and surrounding villages Hot Fog fogging in the villages Community peer educators engaged in door-to-door awareness and housekeeping with the involvement of the local department of health

HIV ProgramMobile VCTsi introduced in the community: 7,303 VCTs conducted with 153 people testing positive (2.09%), compared to the 904 VCTs with 22 positive cases (2.43%) in Q1 2021Partnership with NGO Afia Santé for HIV awareness activities in the community, mass sensitization, VCTs, condom distribution to hotels and bars, flyer production and distribution

i Voluntary Counselling and Testing

Tonn

es (0

00s)

Kibali Underground…

922kt ore mined in Q2 2021Delivery of 856kt ore through the shaft2,557m of development in Q2 2021 Paste plant achieved volumes of 359,549m3 in Q2 2021

Underground Mine Production2

0 500 1,000

Development metres Q2 20212

Metres

284 271 301

-

100

200

300

400

500

Apr-21 May-21 Jun-21

Ore tonnes hoisted - shaftOre tonnes mined - decline

Apr-21

May-21

Jun-21

Refer to the Technical Report on the Kibali Gold Mine, Democratic Republic of the Congo dated September 18, 2018 with an effective date of December 31, 2017, and filed on SEDAR at www.sedar.com and EDGAR at www.sec.gov on January 2, 2019

UG ore tonnes Q2 20212

1,993kt treated at a milling rate of 480tph - Consistent progress since Q2 2021

Plant Performance…

89.9% 90.3% 89.5%

85.3%

86.3%

87.3%

88.3%

89.3%

90.3%

Apr May Jun

1,863

1,905

1,916

1,949

1,986

1,993

1,600 1,650 1,700 1,750 1,800 1,850 1,900 1,950 2,000

Q1 2020

Q2 2020

Q3 2020

Q4 2020

Q1 2021

Q2 2021

Q2 monthly recovery

Plant Throughput2 Recovery

Power Generation…Hydro / Diesel Power Blend

Kibali Total Power GenerationMW $/kWh

-

0.05

0.10

0.15

0.20

0.25

0.30

0

5

10

15

20

25

30

35

40

Hydro Diesel Cost

Predictive power maintenance system…

Data from past failures and breakdowns are used to construct failure signatures which are constantly compared to the normaloperation diagnostics from the 3 hydropower generation stationsAllows detection of anomalies in the operating parameters and prediction of whether failure modes are starting to develop ahead oftime, enabling corrective maintenance to take placeAll three hydropower stations are now online and failure agents are being trained to be more accurate through weekly alarm reviews

Resource Replacement Pipeline…

Ikamva

KCD

Kalimva

Pakaka

MMR

Zakitoko

Zambula

Birindi

AindiWatsa

TeteBakangwe

Mengu Hill

N

Gorumbwa

Priority targetOther targetDepositOpen pitGeologyBIFClastic seds.Undif. volcaniclasticsMafic intrusiveGranitoidUltramaficThrust faultFaultMinz. fault

Tete BakangweResults confirm potential for near mine OC opportunity – resource drilling in progress

KCD down plungeSecond hole confirms mineral system extends a further 500m

MMRFavourable structural corridor identified coincident with alteration and anomalous gold in soils. High grade historic results sparsely tested and potential is high. Potential open pit opportunity within 1.5km of plant. Scout drilling in progress

Zambula-Zakitoko6 sub-targets highlighted with higher grade potential for OC

KalimvaDrilling confirms high grade shoots extend at least a further 100m down plunge. Now testing for 400m extension along wider structure. Grades sufficient to support an underground operation.

Au in soil>12ppb (80%)>30ppb (90%)>55ppb (95%)>120ppb (98%)

7 DD holes completed to test UG potential of high-grade shoots. Significant intercepts includei:

KVDD0028: 5.9m @ 3.24g/t from 228.4m incl 2.1m @ 7.32g/tKVDD0029: 13.8m @ 6.72g/t from 275.5m incl 8.2m @ 9.86g/t KVDD0032: 5.2m @ 8.39g/t from 182.9m KVDD0034: 14.7m @ 3.73g/t from 328m incl 9.0m @ 5.31g/t from 331.2m

High grades intersected with potential to support an UG projectFollow-up drilling will test continuity and tenor of shoots down to +400 metres of vertical depth

Kalimva down plunge underground opportunity… resource addition down plunge confirmed

Long section - lithology intersections with host shear HW Plan

view

Kalimva-Ikamva 2020 Total Mineral Reserveii,3:

Proven: 0.36Mt @ 3.02g/t for 35KozProbable: 4.8Mt @ 3.26g/t for 508Koz

$1200 pit

200m (h=v)

$1200 pitNSouthern

ShootCentralShoot

NorthernShoot

CSShoot

Mafic vol. Vol. clastics BIF QFP Carb. shale

Controlled by intersection of KV-DZ with BIF units

Controlled by intersection of host

shear with mafic rocks.Larger shoot, good

continuity

Controlled by intersection of host shear with BIF units.

Smaller shoot, less continuous

Controlled by intersection of host shear with

CS. Smaller shoot, less continuous

Intersection of high-grade

outside shoots

i Refer to Appendix A for full details including assay results for the significant intercepts ii Mineral Reserves reported on a 100% basis (non-attributable basis). Barrick’s attributable portion represents 45% of the total basis

NationalEmployees1,666 (31%)

ExpatEmployees

217 (4%)

NationalContractors3,176 (60%)

ExpatContractors

120 (2%)

National Casuals162 (3%)

Kibali Employees in Q2 2021…

Local contractors and supply strategy… more than CSR

Total of $73.8 million spent on local contractors YTD with an additional $38 million during Q2 2021Ongoing civil construction and roadworks performed by Congolese contractors (IOB, TES and BTC)Partnership with Congolese engineering contractor (TES) for plant maintenanceFood and camp services

Kibali catering and camp services supplied by Congolese company, Golden Camp Solutions (GCS)Kibali caterer purchases 100% of quality food locallyNuns’ Guest House Tabitha operates restaurant and accommodation servicesCamp maintenance contracted to a local company, DCMS

TruckingCongolese fleet operated by Cargotrans

Local suppliers undertook various CSR activitiesKibali contractors actively involved in CSR activities in Aru and Watsa as well as in support of Covid-19 related initiatives

The development of the Kibali mine has enabled the significant development of local contractors who require engagement from both national and international companies to further their success

Construction of concrete road in Durba

Committed to our partnership philosophy…local and international spendi

$ million

Specialist contractsShaft sinking

Underground miningMaster drilling

$ million

0

50

100

150

200

250

300

Local International

Construction contract

$ million

0

200

400

600

800

1,000

1,200

Local International

General services and supply chain

contract

0

500

1,000

1,500

2,000

2,500

3,000

3,500

4,000

Local International

Total contract spend

$ million

0

500

1,000

1,500

2,000

2,500

3,000

Local International

i Cumulative Spend

Kibali makes a difference…Q2 2021 Education/Capacity building

>$2.6m spent to date and more than 30 primary schools builtBursary scheme granted to 71 students from different universities in DRCTraining and capacity building provided to Pamao community

Health/Potable water$1.3m spent on water supply and $1.6m spent on community health to date3 boreholes recently refurbished in KokizaCovid-19 sensitization campaign in community schools

Infrastructure development and maintenance Durba concrete road project in progress, section 5 to 6 completed Changing rooms at the community stadium completed+$5m was spent on various projects to date

Local Economic Development ProjectsMicrofinance established to improve access to financeParticipation by various local SMEs increased$2.5m spent on agribusiness projects to date

Stakeholders Engagement Align to the mining code by paying royalties and currently in discussion on the cahier de charge to invest the 0.3% community fund

Concrete road

Soccer tournament

Some of our achievements…

Educational visit of students at the Azambi hydropower station

Water reticulation system

Agribusiness…local supply to Kibali

Agribusiness Donation of maize, rice and bean seeds to cooperatives for the Kalimva-Ikamva food security programRenzi Garden: planting for the new season in progress

Gardening activities

Growing the pie…opportunities for all stakeholders

0

200

400

600

800

1000

1200

1400

2002

2003

2004

2005

2006

2007

2008

2009

2010

2011

2012

2013

2014

2015

2016

2017

2018

2019

2020

DRC Copper ProductionMetric tonnes

0

10

20

30

40

50

60

70

2002

2003

2004

2005

2006

2007

2008

2009

2010

2011

2012

2013

2014

2015

2016

2017

2018

2019

2020

DRC Gold ProductionMetric tonnes

Source: USGS Mine Production; WGC: Gold Mine Production

Endnotes…

1. Loss time injury frequency rate (LTIFR) is a ratio calculated as follows: number of loss time injuries x 1,000,000 hours divided by the total number of hours worked.

2. On a 100% basis.

3. Estimated in accordance with National Instrument 43-101 - Standards of Disclosure for Mineral Projects as required by Canadian securities regulatory authorities. Estimates are as of December 31, 2020, unless otherwise noted. Proven Kibali reserves of 9.1 million tonnes grading 4.34 g/t, representing 1.3 million ounces of gold. Probable Kibali reserves of 25 million tonnes grading 3.66 g/t, representing 3.0 million ounces of gold. Measured Kibali resources of 18 million tonnes grading 4.19 g/t, representing 2.4 million ounces of gold. Indicated Kibali resources of 44 million tonnes grading 3.23 g/t, representing 4.6 million ounces of gold. Inferred Kibali resources of 7.5 million tonnes grading 2.8 g/t, representing 0.67 million ounces of gold. Complete mineral reserve and mineral resource data for all mines and projects referenced in this presentation, including tonnes, grades, and ounces, can be found on pages 34-47 of Barrick’s most recent Annual Information Form / Form 40-F on file with the Canadian provincial securities regulators on SEDAR at www.sedar.com and the Securities and Exchange Commission on EDGAR at www.sec.gov.

Technical InformationThe scientific and technical information contained in this presentation has been reviewed and approved by Simon Bottoms, CGeol, MGeol, FGS, FAusIMM, Mineral Resources Manager, Africa and Middle East; Rodney Quick, MSc, Pr. Sci.Nat, Mineral Resource Management and Evaluation Executive; and Rob Krcmarov, FAusIMM, Executive Vice President, Exploration and Growth - each a “Qualified Person” as defined in National Instrument 43-101 – Standards of Disclosure for Mineral Projects.

Appendix A – Kibali Significant Interceptsi

i. All intercepts calculated using a 0.5 g/t Au cutoff and are uncapped; minimum intercept width is 2m; internal dilution is equal to or less than 25% total width

ii. Kibali drill hole nomenclature: prospect initial (KV = Kalimva) followed by the type of drilling (RC=Reverse Circulation, DD = Diamond Drilling, GC = Grade control) with no designation of the year. KCDU = KCD Underground

iii. True width of intercepts are uncertain at this stage

iv. All including intercepts, calculated using a 0.5g/t Au cutoff and are uncapped, minimum intercept width is 1m, no internal dilution, with grade >40% above the overall intercept grade

The drilling results for the Kibali property contained in this presentation have been prepared in accordance with National Instrument 43-101 –Standards of Disclosure for Mineral Projects. All drill hole assay information has been manually reviewed and approved by staff geologists and re-checked by the project manager. Sample preparation and analyses are conducted by SGS, an independent laboratory. Procedures are employed to ensure security of samples during their delivery from the drill rig to the laboratory. The quality assurance procedures, data verification and assay protocols used in connection with drilling and sampling on the Kibali property conform to industry accepted quality control methods.

Drill Results from Q1 2021 Includingiv

Lode IDii Type Azimuth Dip From To Interval (m) Width (miii) Au (g/t) Interval (m) Width

(miii)Au

(g/t)1001 KVDD0028 DDH 304 -74 228.4 234.0 228.4 – 234.3 5.9 3.24 228.4 - 230.5 2.1 7.321001 KVDD0028 DDH 304 -74 237.2 246.6 237.2 - 246.6 9.4 1.5 238.3 - 239.4 1.1 6.751001 KVDD0028 DDH 304 -74 268.3 273.3 268.3 - 273.3 5.0 0.671001 KVDD0029 DDH 304 -74 275.5 289.3 275.5 - 289.3 13.8 6.72 277.9 - 286.1 8.2 9.861001 KVDD0029 DDH 304 -74 301.5 314.2 301.5 - 314.2 11.7 1.62 303.5 - 306.5 3 2.831001 KVDD0030 DDH 300 -60 71.9 76.1 71.9 - 76.1 4.2 2.61 74.94 - 76.14 1.2 6.061001 KVDD0031 DDH 300 -60 194.1 197.7 194.1 - 197.7 3.6 1.261001 KVDD0031 DDH 300 -60 206.1 227.5 206.1 - 227.5 21.4 2.15 210.9 - 213.9 3 6.21001 KVDD0032 DDH 300 -60 160.9 164.8 160.9 - 164.8 3.9 1.911001 KVDD0032 DDH 300 -60 182.9 188.0 182.85 - 188 5.2 8.391001 KVDD0033 DDH 300 -60 286.0 297.0 286 - 297 11.0 0.511001 KVDD0034 DDH 304 -74 328.0 342.5 328 - 342.5 14.7 3.73 331.2 - 340.2 9.0 5.31