Merger Update

    FOR:  BARRICK GOLD CORPORATION

NYSE, TSX SYMBOL:  ABX
LSE SYMBOL:  BGD

April 5, 2007

NovaGold Share Position

TORONTO, ONTARIO--(CCNMatthews - April 5, 2007) - Barrick Gold Corporation (TSX:ABX) (NYSE:ABX) intends to file
an amended report under section 101 of the Securities Act (Ontario) in respect of its shareholding in NovaGold
Resources Inc. As disclosed in that report, Barrick continues to review and monitor its options and
alternatives with respect to its ownership of NovaGold shares in light of all relevant factors from time to
time, including general market conditions, prevailing market prices for the shares, the business and prospects
of NovaGold and alternative investment opportunities available to Barrick. In light of prevailing factors,
Barrick currently intends to explore opportunities to dispose of all or a portion of the NovaGold shares owned
by it in the open market, through negotiated or private transactions or otherwise, in each case on such terms
and at such times as Barrick may deem advisable. In the future, as a result of such review and monitoring and
relevant factors that may prevail from time to time, Barrick may cease its exploration of opportunities to
dispose of NovaGold shares, terminate or temporarily suspend any sales activities in which it is engaged or may
acquire additional NovaGold shares or warrants to acquire shares or dispose of NovaGold shares or warrants to
acquire shares at any time and from time to time, in each case in the open market, through negotiated or
private transactions or otherwise, and in each case on such terms and at such times as Barrick may deem
advisable.

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:

INVESTOR CONTACTS:
Barrick Gold Corporation, James Mavor
Vice President, Investor Relations
[phone]
Email: [e-mail]

OR

Barrick Gold Corporation
Susan Muir
Director, Investor Relations
[phone]
Email: [e-mail]

OR

MEDIA CONTACT:
Barrick Gold Corporation, Vincent Borg
Senior Vice President, Corporate Communications
[phone]
Email: [e-mail]


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Barrick Gold Corporation