This document provides an overview of Barrick Gold's operations in Australia and New Zealand from Brian Hill, Vice President of Asia/Pacific Operations. It discusses operational execution, project execution including completion of the Boddington project, exploration growth including reserves added at Boddington, and leverage through centralized services in Perth. The outlook forecasts 2008 equity gold sales, costs, and capital expenditures. It also examines opportunities like exploration potential and risks like maturing mines and currency fluctuations. Beyond 2008, it outlines plans to reduce costs, ensure safety and environmental standards, and focus on capital effectiveness.

1. Australia/New Zealand
Overview
Brian Hill, Vice President, Asia/Pacific Operations

2. Asia-Pacific – Australia/NZ
Batu Hijau
Tanami
Jundee
Kalgoorlie
Perth
Boddington
Waihi
February 8, 2008 Asia-Pacific – Australia/NZ Overview 2

3. Regional Alignment with
Strategic Foundation
Operational Execution:
Excellent Environment and Social Responsibility (ESR) & safety standards
Executing against mine plans
Integrated Management Operating Systems
Project Execution:
Boddington project completion
Exploration and Growth:
2.0 million equity ounces added to reserves at Boddington in 2007
Potential for further Non-Reserve Mineralization additions at Boddington
Exploration potential at Waihi, Tanami, Jundee and Boddington
Leverage, Scope and Scale:
Continuous Improvement
Centralized services in Perth
Employee development and retention
February 8, 2008 Asia-Pacific – Australia/NZ Overview 3

4. 2008 Outlook Summary
Q4 YTD Outlook
2007 2007 2008
Equity gold sales (000 ozs)* 335 1,324 1,065 – 1,125
Costs applicable to sales – Gold ($/oz) $494 $496 $585 - $625
Consolidated capital expenditures ($m) $229 $597 $800 - $850
*Includes sales from discontinued operations of Pajingo in 2007.
Australian Dollar Exchange Rate for 2008 Assumed at 0.875
Roughly $6 CAS/oz change in region for every 0.01 change in A$
Capital Expenditures Primarily Related to Boddington
Expected share of total costs to be between $1.4 and $1.6 billion
February 8, 2008 Asia-Pacific – Australia/NZ Overview 4

5. 2008 Equity Sales
1,500
~ 60 ~ (10)
1,400 ~ (50)
Equity Gold Sales (000 ozs)
1,324 ~ (70)
1,300
Inventory
(171)
Throughput
Recovery
1,200
Grade
1,065 - 1,125
1,100
Pajingo
1,000
900
800
2007 Actual* 2008 Outlook
*Includes sales from discontinued operations of Pajingo in 2007.
February 8, 2008 Asia-Pacific – Australia/NZ Overview 5

6. 2008 Costs Applicable to Sales
$650
$585 - $625
~ $10 ~ ($10)
~ $10
$600 ~ $10
~ $10
Other
~ $20
Electricity
Diesel
Parts and Supplies
~ $20
$550
CAS ($/oz)
Contract Services
~ $30
Labor
Consumables
$496
$500
Production
$450
$400
2007 Actual 2008 Outlook
February 8, 2008 Asia-Pacific – Australia/NZ Overview 6

7. Opportunities and Risks
Opportunities:
Exploration potential at
Boddington
Leverage centralized services
Kalgoorlie power
Risks:
Maturing underground mines
Majority of operating costs in Australian dollars
Labor turnover in booming Australian mining industry
February 8, 2008 Asia-Pacific– Australia/NZ Overview 7

8. Beyond 2008
Reducing CAS:
Boddington start-up
Long-term power agreement with Griffin
Reduce employee turnover
Australian dollar hedging program
Continued Focus on Safety, Environment and Community:
International Cyanide Code certification by Sept 2008
Environmental international standard by end of 2009 (ISO 14001)
Occupational Health and Safety Assessment Series in 2010
(OHSAS:18001)
Capital Effectiveness:
Focus on integrating Boddington into operations
Continued implementation of the Stage Gate process
February 8, 2008 Asia-Pacific– Australia/NZ Overview 8

9. Questions & Answers