Dividend Declaration

    FOR:  BARRICK GOLD CORPORATION

NYSE, TSX SYMBOL:  ABX
LSE SYMBOL:  BGD

May 2, 2007

Barrick Increases Dividend By 36%

TORONTO, ONTARIO--(CCNMatthews - May 2, 2007) -

All figures in US dollars

Barrick Gold Corporation (TSX:ABX)(NYSE:ABX) today announced that its Board of Directors has increased its
annual dividend to US30 cents per share from US22 cents per share. The semi-annual dividend of US15 cents per
share is payable on June 15, 2007 to shareholders of record at the close of business on May 31, 2007.

"The 36% increase in the dividend reflects Barrick's ability to generate substantial cash flows in this strong
gold price environment," said Greg Wilkins, President and CEO. "With these strong cash flows and an A-rated
balance sheet, the Company has the financial resources to return additional value to shareholders and fund our
unrivalled project pipeline."

Barrick's vision is to be the world's best gold company by finding, acquiring, developing and producing quality
reserves in a safe, profitable and socially responsible manner.


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FOR FURTHER INFORMATION PLEASE CONTACT:

Barrick Gold Corporation
Vincent Borg
Senior Vice President, Corporate Communications
[phone]
[phone] (FAX)
Email: [e-mail]


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Barrick Gold Corporation