TORONTO, ONTARIO--(MARKET WIRE)--May 6, 2008 -- Barrick Gold Corporation (NYSE:ABX - News)(Toronto:ABX.TO - News) today announced that its Board of Directors has increased its June dividend to US20 cents per share from US15 cents per share. The dividend is payable on June 16, 2008 to shareholders of record at the close of business on May 30, 2008.

The 33% increase in the dividend demonstrates Barrick's continuing strong cash flow generation in this high metal price environment. In combination with its 'A' rated balance sheet, this gives the Company the financial flexibility to return additional value to shareholders while maintaining the ability to develop its project pipeline without the need for equity dilution.

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:
     INVESTOR CONTACT: Deni Nicoski
     Vice President, Investor Relations
     (416) 307-7410
     Email: dnicoski@barrick.com
      
     MEDIA CONTACT: Vincent Borg
     Senior Vice President, Corporate Communications
     (416) 307-7477
     Email: vborg@barrick.com