FOR:  BARRICK GOLD CORPORATION

NYSE, TSX SYMBOL:  ABX
LSE SYMBOL:  BGD

December 7, 2006

Barrick Concludes Offer for NovaGold

TORONTO, ONTARIO--(CCNMatthews - Dec. 7, 2006) - Barrick Gold Corporation (NYSE:ABX)(TSX:ABX)(LSE:BGD)
announced today that it has concluded its offer to acquire common shares of NovaGold Resources Inc. Pursuant to
its offer, Barrick has acquired an aggregate of approximately 13.6 million common shares of NovaGold,
representing approximately 14.8 percent of the outstanding shares, making Barrick the single largest
shareholder of NovaGold.

"Barrick will continue its disciplined approach to acquisitions and other business opportunities," said Greg
Wilkins, President and Chief Executive Officer.

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:

Barrick Gold Corporation
Vincent Borg
Senior Vice President, Corporate Communications
(416) 307-7477
(416) 861-1509 (FAX)
Email: vborg@barrick.com


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