TORONTO, ONTARIO — (Marketwire) — 10/02/12 — Barrick Gold Corporation (NYSE: ABX)(TSX: ABX) (Barrick or the „company“) has been notified of an unsolicited mini-tender offer made by TRC Capital Corporation („TRC Capital“) to purchase up to 2,500,000 Barrick common shares, or approximately 0.24 percent of Barrick-s outstanding common shares, at a price of Cdn$39.05 per share. Barrick does not recommend or endorse this unsolicited mini-tender offer.
Shareholders are cautioned that the mini-tender offer has been made at a 4.69 percent discount below Barrick-s closing price on the Toronto Stock Exchange on September 27, 2012, the day before the mini-tender offer was announced.
The company does not endorse TRC Capital-s unsolicited mini-tender offer and is not associated with TRC Capital, the mini-tender offer, or the mini-tender offer documentation. TRC Capital has made similar unsolicited mini-tender offers for shares of other public companies. Mini-tender offers are designed to seek less than five percent of a company-s outstanding shares, thereby avoiding many disclosure and procedural requirements applicable to most bids under Canadian securities legislation.
The Canadian Securities Administrators („CSA“) have expressed serious concerns about mini-tender offers such as the possibility that investors might tender to a mini-tender offer based upon a misunderstanding of the terms of the offer, including the per securities price available under the offer relative to the market price of such securities. Comments from the CSA on mini-tenders can be found on the Ontario Securities Commission website at: . The U.S. Securities and Exchange Commission has also published investor tips regarding mini-tender offers on its website at: http://www.sec.gov/investor/pubs/minitend.htm.
According to TRC Capital-s offer documents, Barrick shareholders who have already tendered their shares may withdraw their shares at any time before 12:01 am (Toronto time) on October 30, 2012 by following the procedures described in the offer documents.
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.
Contacts: INVESTOR CONTACT: Greg Panagos Senior Vice President Investor Relations and Communications (416) 309-2943
MEDIA CONTACT: Andy Lloyd Director, Media Relations (416) 307-7414
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