BGD Barrick Gold

    FOR:  BARRICK GOLD CORPORATION

NYSE, TSX, Swiss SYMBOL:  ABX
LSE SYMBOL:  BGD

September 25, 2006

Barrick Increases Stake in Pioneer to 89%

TORONTO, ONTARIO--(CCNMatthews - Sept. 25, 2006) - Barrick Gold Corporation
(NYSE:ABX)(TSX:ABX)(LSE:BGD)(SWX:ABX) announces that it has taken up and accepted for payment,
approximately, an additional 5.5 million common shares of Pioneer Metals Corporation that were
tendered to its Offer after September 11, 2006, which represent approximately 8.5% of the outstanding
shares. Together with the approximately 52 million shares taken up by Barrick on September 11, 2006,
Barrick now owns approximately 58 million shares, representing approximately 89% of the outstanding
shares.

Barrick has extended its offer to acquire all of the outstanding common shares of Pioneer for Cdn
$1.00 in cash per share to 6:00 pm (Vancouver time) on October 19, 2006. A notice of extension will be
mailed to Pioneer shareholders today.

Copies of the Circular for Pioneer Metals Corporation are available on Barrick's website at
www.barrick.com, from the Canadian System for Electronic Document Analysis and Retrieval at
www.sedar.com.

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. Barrick's shares are
traded on the Toronto, New York, London, and Swiss stock exchanges.


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FOR FURTHER INFORMATION PLEASE CONTACT:

MEDIA CONTACT:
Barrick Gold Corporation
Vincent Borg, Senior Vice President,
Corporate Communications
(416) 307-7477
vborg@barrick.com

                                                                
Barrick Gold Corporation



                                                                

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