Barrick Completes Acquisition of Arizona Star

TORONTO, ONTARIO -- (MARKET WIRE) -- 03/12/08 -- Barrick Gold Corporation (NYSE: ABX)(TSX: ABX) has acquired all of the remaining common shares of Arizona Star Resource Corp. ("Arizona Star") pursuant to its statutory right of compulsory acquisition. Arizona Star owns a 51% interest in Cerro Casale, one of the world's largest undeveloped gold and copper deposits.

Shareholders of Arizona Star will receive Cdn. $18.00 cash for each share that is subject to the compulsory acquisition. Cheques will be sent to all shareholders who have delivered share certificate(s), formerly held by them to Computershare Investor Services Inc. in Toronto, Ontario together with

a letter of transmittal. Any shareholder that has not delivered such share certificate(s) and a letter of transmittal to Computershare Investor Services Inc. must do so in order to receive the payment to which the shareholder is entitled.

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: Barrick Gold Corporation INVESTOR CONTACT: Deni Nicoski Vice President, Investor Relations (416) 307-7410 Email: dnicoski@barrick.com

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

2008-03-12 17:17:07 0311299 MARKETWIRE