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AFRICAN BARRICK GOLD PLC: Appointment of Chairman


25th February 2013

African Barrick Gold plc (the "Company" or "ABG")

Appointment of Chairman

ABG is pleased to announce the appointment of Kelvin Dushnisky as Chairman of the Board of Directors, with immediate effect.

Mr Dushnisky replaces Derek Pannell who has served as Acting Chairman since June 2012 and, prior to that, as Senior Independent Director since the formation of ABG in 2010. Mr Pannell has informed the Board of his intention not to seek re-election at the Annual General Meeting in April in order to concentrate on other commitments. The Board thanks him for his significant contribution in helping shape ABG as an independently listed company and wishes him all the best for the future.

Mr Dushnisky joined the ABG Board in June 2012. He is currently Senior Executive Vice President of Barrick Gold Corporation ("Barrick") and a key member of Barrick's senior management team. Mr Dushnisky has more than 25 years of experience in broad-ranging roles across the mining industry. He joined Barrick in 2002. Prior to that he was a member of management at Sutton Resources Ltd., which owned the Bulyanhulu and Kabanga properties in Tanzania before they were acquired by Barrick. Mr Dushnisky has had a close association with ABG's Tanzanian assets and business for nearly two decades.

Following this appointment, the ABG Board comprises ten members, including five Independent Non-Executive Directors, two Executive Directors and three nominees from Barrick, including Mr. Dushnisky. The Board will continue to consider opportunities for Board appointments, to ensure that it retains the appropriate balance and expertise to meet the Company's business objectives.

Commenting on his appointment, Mr Dushnisky said, "It is a privilege to be accepting the position of Chairman of the Board of African Barrick Gold, a Company with an excellent platform and great potential. Management have outlined the operational priorities for the business and the Board looks forward to helping to ensure these are achieved. I would like to personally thank Derek Pannell for his significant contribution to the business over the past three years. His clarity of thought and leadership will be missed and we wish him all the very best."

ENQUIRIES

For further information contact:

African Barrick Gold plc +44 (0)207 129 7150

Andrew Wray, Head of Corporate Development & Investor Relations

Giles Blackham, Investor Relations Manager

RLM Finsbury +44 (0)207 251 3801

Faeth Birch

Charles Chichester

END

-0- Feb/25/2013 07:00 GMT

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