Barrick's Q4 Earnings Increase 28% to $0.62 per Share; Grows Reserves and Resources

Full year production was 8.06 million ounces of gold at total cash costs of $350 per ounce and 402 million pounds of copper at total cash costs of $0.83 per pound

Gold reserves, based on a $575 gold price, increased to 124.6 million ounces(3), more than replacing depletion of 9.5 million ounces, and continue to be the highest in the industry. Measured and indicated gold resources grew 45% to 50.6 million ounces on exploration success at a number of projects.

Reserves and resources do not include the Company's recently acquired interest in Cerro Casale due to insufficient time, after acquisition of our interest in December 2007, to complete the work necessary to incorporate this deposit in year-end results, nor do they include any effect for our acquisition of the remaining 40% interest in the Cortez Joint Venture.

Barrick's Q4 Earnings Increase 28% to $0.62 per Share; Grows Reserves and Resources