Chile's Environmental Court Rejects Claims that Pascua-Lama has Damaged Glaciers

TORONTO, ONTARIO--(Marketwired - March 23, 2015) - Barrick Gold Corporation (NYSE:ABX)(TSX:ABX) -

Chile's Environmental Court has today ruled that the Pascua-Lama project has not damaged glaciers within the project's area of influence.

"Preserving and protecting glaciers from harm is essential to the work we do every day at Pascua-Lama," said Eduardo Flores, Barrick's Executive Director for Chile. "That is why Barrick worked with leading independent experts and glaciologists to develop and implement one of the most rigorous glacier monitoring programs anywhere in the world. We are pleased that the court has confirmed what the technical and scientific evidence demonstrates, that these ice bodies have not been damaged by activities at the Pascua-Lama project."

Pascua-Lama's comprehensive glacier monitoring program captures data from 27 points and provides results directly to regulatory authorities.

Barrick remains committed to working with stakeholders and local communities in Chile to advance Pascua-Lama in an environmentally responsible manner, respecting its legal and regulatory requirements.

The Pascua-Lama team is focused on resolving the project's outstanding legal and regulatory hurdles, completing a new execution plan to optimize remaining construction activities and minimizing ongoing project costs.

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