FOR:  BARRICK GOLD CORPORATION

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

October 20, 2006

Barrick Extends Bid for Pioneer

TORONTO, ONTARIO--(CCNMatthews - Oct. 20, 2006) - Barrick Gold Corporation
(NYSE:ABX)(TSX:ABX)(LSE:BGD)(SWX:ABX) announces that it has extended its offer to acquire all of the
outstanding common shares of Pioneer Metals Corporation for Cdn$1.00 in cash per share to 6:00 p.m. (Vancouver
time) on November 9, 2006. To date, Barrick has acquired approximately 58.6 million shares of Pioneer.

Copies of the Circular for Pioneer Metals Corporation are available on Barrick's website at www.barrick.com or
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.


-30-

FOR FURTHER INFORMATION PLEASE CONTACT:

INVESTOR CONTACTS:
Barrick Gold Corporation
James Mavor
Vice President, Investor Relations
(416) 307-7463
Email: jmavor@barrick.com

OR

Barrick Gold Corporation
Mary Ellen Thorburn
Director, Investor Relations
(416) 307-7363
Email: mthorburn@barrick.com

OR

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



-0-

                                                                
Barrick Gold Corporation
Barrick Gold (LSE:BGD)
Historical Stock Chart
From Jun 2024 to Jul 2024 Click Here for more Barrick Gold Charts.
Barrick Gold (LSE:BGD)
Historical Stock Chart
From Jul 2023 to Jul 2024 Click Here for more Barrick Gold Charts.