Barrick closes Hemlo sale for $1.09-billion (U.S.)

Mr. Cleve Rueckert reports BARRICK COMPLETES HEMLO TRANSACTION Barrick Mining Corp. has completed the divestiture of the Hemlo gold mine in Canada to Carcetti Capital Corp. to be renamed Hemlo Mining Corp. for total consideration of up to $1.09-billion, inclusive of $875-million in cash received on closing, $50-million in HMC shares received on closing, and a production and tiered gold-price-linked cash payment structure of up to $165-million starting in January, 2027, for a five-year term. (All amounts are expressed in U.S. dollars.) The company would like to thank the Biigtigong Nishnaabeg and the Netmizaaggamig Nishnaabeg first nations for their co-operation and support related to the operation of Hemlo. About Barrick Mining Corp. Barrick is a leading global mining, exploration and development company. With one of the largest portfolios of world-class and long-life gold and copper assets in the industry -- including six of the world's Tier 1 gold mines -- Barrick's operations and projects span 18 countries and five continents. Barrick is also the largest gold producer in the United States. It creates real, long-term value for all stakeholders through responsible mining, strong partnerships and a disciplined approach to growth. Barrick shares trade on the New York Stock Exchange under the symbol B and on the Toronto Stock Exchange under the symbol ABX. We seek Safe Harbor.