🕐25.04.11 - 13:27 Uhr

BARRICK ANNOUNCES AGREEMENT TO ACQUIRE EQUINOX



Barrick Gold Corporation (NYSE: ABX) (TSX: ABX) ("Barrick" or "the Company") announced today that it has entered into a support agreement with Equinox Minerals Limited (TSX: EQN) (ASX: EQN) ("Equinox") for Barrick to acquire, through an all-cash offer, all of the issued and outstanding common shares of Equinox (including the shares represented by Equinoxs CHESS Depositary Interests) by way of a friendly take-over offer (the "Offer").

The Offer is for C$8.15 per Equinox share in cash, or a total of approximately C$7.3 billion.

The Offer represents a 30% premium based on Equinoxs closing share price on the Toronto Stock Exchange on February 25, 2011 (the last trading day before Equinox announced its intention to make a take-over bid for the common shares of Lundin Mining Corporation).

The Offer also represents a 16% premium over the per share price under the offer for Equinox proposed by Minmetals Resources Ltd.

on April 3, 2011 (which offer has not yet commenced).

Read more at Barrick.com

Barrick will host an analyst and investor conference call and webcast on Monday, April 25 at 9:00 am Canadian/US Eastern Time, 9:00 pm Perth time.

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Barrick Gold Corporation
Brookfield Place
TD Canada Trust Tower
161 Bay Street, Suite 3700
Toronto, Ontario M5J 2S1 Canada




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