Statement in Relation to African Barrick Gold plc

Statement in Relation to African Barrick Gold plc 
TORONTO, ONTARIO -- (Marketwire) -- 01/08/13 -- Barrick Gold
Corporation (NYSE:ABX)(TSX:ABX) today reported that it is no longer
in discussions with China National Gold regarding its holding in
African Barrick Gold plc.  
"These discussions were part of our ongoing efforts to identify
opportunities to optimize our portfolio, however we are approaching
this in a prudent and disciplined manner and will only proceed with
opportunities that generate acceptable value for Barrick," said Jamie
Sokalsky, President and Chief Executive Officer. "African Barrick
Gold's assets hold significant potential, and we will continue to
look for ways to best realize that value for our shareholders." 
Barrick continues to implement a disciplined capital allocation
framework focused on maximizing returns and free cash flow. As part
of this process, the company is evaluating its entire portfolio
against these criteria. 
Certain information contained in this press release, including any
information as to our strategy or plans and other statements that
express management's expectations, constitute "forward-looking
statements". All statements, other than statements of historical
fact, are forward-looking statements. Forward-looking statements are
necessarily based upon a number of estimates and assumptions that,
while considered reasonable by management, are inherently subject to
significant business, economic and competitive uncertainties and
contingencies. Barrick cautions the reader that such forward-looking
statements involve known and unknown risks, uncertainties and other
factors that may cause the actual performance or achievements of
Barrick to be materially different from the company's estimated
future results, performance or achievements expressed or implied by
those forward-looking statements and the forward-looking statements
are not guarantees of future performance. These risks, uncertainties
and other factors include, but are not limited to: the worldwide
price of gold and copper or certain other commodities; the ability of
Barrick to complete any proposed transaction on terms acceptable to
it or at all; the impact of global liquidity and credit availability;
legislative, political or economic developments in the jurisdictions
in which Barrick carries on business and, in particular, Tanzania;
the impact of the regulatory environment applicable to any proposed
transaction or to Barrick; the timing of cash flows and the values of
assets and liabilities based on projected future cash flows;
fluctuations in currency markets; acts of war, terrorism, sabotage
and civil disturbances; operating or technical difficulties in
connection with mining or development activities; employee relations;
availability and costs associated with mining inputs and labor; the
speculative nature of exploration and development, including the
risks of obtaining necessary licenses and permits and diminishing
quantities or grades of reserves; changes in costs and estimates
associated with our projects; inflation; contests over title to
properties, particularly title to undeveloped properties; the risks
involved in the exploration, development and mining business. Certain
of these factors are discussed in greater detail in Barrick's most
recent Form 40-F/Annual Information Form on file with the U.S.
Securities and Exchange Commission and Canadian provincial securities
regulatory authorities. 
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.
Senior Vice President
Investor Relations and Communications
(416) 309-2943 
Director, Media Relations
(416) 307-7414
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