TORONTO – Barrick Gold Corporation (NYSE: ABX) (TSX: ABX) (“Barrick”) today announced the sale of its entire shareholding of approximately 20.4% in Highland Gold Mining Limited ("Highland"), the AIM-quoted Russian gold producer, consisting of approximately 66.2 million ordinary shares at a price of 120 pence per share for total gross proceeds of approximately $130 million.

The shares were placed primarily with new and existing institutional shareholders of Highland.

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