Drilling Report

FOR: BARRICK GOLD CORPORATION

NYSE, TSX SYMBOL: ABX
LSE SYMBOL: BGD

November 24, 2006

Lagunas Norte Reaches Milestone of One Million Ounces of Gold Production

TORONTO, ONTARIO--(CCNMatthews - Nov. 24, 2006) - Barrick Gold Corporation (NYSE:ABX)(TSX:ABX)(LSE:BGD)
announced today that its new Lagunas Norte mine in Peru has reached the milestone of one million ounces of gold
produced in 2006.

"There are not many gold mines in the world with the capability to produce over one million ounces in a year.
Lagunas Norte has been an unqualified success story for Barrick, highlighting our exploration expertise, along
with our ability to construct large-scale projects ahead of schedule and within budget," said Barrick President
and CEO Greg Wilkins. "In fact, Lagunas Norte is just one of four new mines Barrick has commissioned since
April 2005, which is really an unprecedented achievement in our industry and a testament to Barrick's global
team of employees."

The mine is located in rugged terrain, 4,200 meters above sea level in the Peruvian Andes. The US$340 million
project posed numerous technical challenges but was completed in June 2005 ahead of schedule and within its
original budget.

Barrick acquired the Alto Chicama/Lagunas Norte property in 2002, and invested $40 million in a robust
exploration program. It became the gold industry's largest greenfields discovery of the past decade. Within two
years, the Company had converted a promising discovery into a multi-million ounce reserve ore body. As at Dec.
31, 2005, Lagunas Norte had 8.2 million ounces of proven and probable gold reserves (1).

Lagunas Norte was built by a talented pool of approximately 4,000 Peruvian workers. "In addition to the direct
and indirect job creation, the mine has contributed to the social and economic development of the region of La
Libertad. Lagunas Norte has become a leading example for successful mining development in Peru and throughout
South America," said Igor Gonzales, Barrick's South America President. "It has achieved remarkable operational
results. But the mine has also come to embody Barrick's philosophy of responsible mining, through an unwavering
commitment to best practices in environmental management, safety and sustainable development."

Lagunas Norte also has one of Barrick's best safety records, with a Lost Time Injury Frequency Rate of just
0.11. Peru's Mining Safety Institute awarded Lagunas Norte first place in the open pit category at its 2005
Safety Awards, recognizing the mine's excellent accident prevention initiatives and safety best practices.

The Company also announced that Lagunas Norte's Human Resource policies and practices have received ISO 9001
certification, recognizing the mine's commitment to standardize work flow processes and facilitate enhanced
employees relations by creating an optimal working environment for its staff.

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.

(1) Mineral reserves ("reserves") have been calculated as at December 31, 2005. Calculations have been prepared
by employees of Barrick under the supervision of Jacques McMullen, Vice-President, Metallurgy and Process;
Richard Allen, Director, Engineering and Mining Support, and Rick Sims, Director, Reserves and Resources of
Barrick. For a more detailed description of the methods used in calculating Barrick's reserves and resources,
see Barrick's most recent Annual Information Form/Form 40-F on file with Canadian provincial securities
regulatory authorities and the U.S. Securities and Exchange Commission.

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FOR FURTHER INFORMATION PLEASE CONTACT:

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

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

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

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