BGD Barrick Gold

    FOR:  BARRICK GOLD CORPORATION

NYSE, TSX SYMBOL:  ABX
LSE SYMBOL:  BGD

December 1, 2006

Barrick's Final Take Up of Pioneer Shares

TORONTO, ONTARIO--(CCNMatthews - Dec. 1, 2006) - Barrick Gold Corporation (NYSE:ABX)(TSX:ABX)(LSE:BGD)
announces that it has taken up and accepted for payment all of the common shares of Pioneer Metals Corporation
that were validly deposited to its offer and not withdrawn as of 6:00 p.m. (Vancouver time) on November 30,
2006. Together with the common shares previously taken up and accepted for payment, Barrick now owns
approximately 59.2 million shares of Pioneer. The offer has now expired.

It is Barrick's current intention that it will enter into one or more transactions to enable Barrick to acquire
all of the Pioneer common shares not acquired under the offer.

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.


-30-

FOR FURTHER INFORMATION PLEASE CONTACT:

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

OR

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

OR

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

                                                                
Barrick Gold Corporation



                                                                

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