Session ID:

VS3-03

u Advanced

Leveraging Strengths of Suppliers
"How to make your company the most preferred customer in your industry"

This presentation will cover how Barrick Gold was able to create and utilize the “Supplier Advisory Council” (SAC). Essentially the SAC members, who are senior executives of their company, represent 80% of Barrick’s annual direct spend. David Young will share how this group works to help Barrick Supply Chain Management achieve their goal of being the “most preferred customer in the mining industry” and what it takes to ensure that maximum value is generated from this unique initiative. Dave Young will also highlight some of the specific objectives & accomplishments such as integration synergies and boom-to-bust cycle strategic discussions.

Supplier Development, as one of Barrick’s current programs, will also be included in this presentation.

Barrick’s vision is to be the world’s best gold mining company by finding, acquiring, developing, and producing quality reserves in a safe, profitable and socially responsible manner. It has quality assets, an unrivalled pipeline of projects and more than 20,000 dedicated employees working on five continents to deliver value.

In 2006, the Company produced 8.64 million ounces of gold at a cash cost of $285 per ounce – in line with Barrick’s original production and cost targets during a year of significant cost pressures in the mining industry. The Company’s proven and probable gold reserves are about 135 million ounces. For 2007, the Company expects gold production to be 8.3 to 8.4 million ounces at an average total cash cost of $330-340 per ounce. Barrick has the gold mining industry’s strongest balance sheet, which positions the Company to take prompt advantage of attractive development, exploration and acquisition opportunities as they arise.

Barrick shares are traded on the Toronto, New York, London, Euronext-Paris and Swiss stock exchanges.

David Young, VP of Supply Chain Management

Mr. Young has over 30 years of experience in the field of Supply Chain Management covering commercial and government markets. Beginning February, 2004 he assumed the position of Vice-President, Supply Chain Management with Barrick Gold Corporation. In this role, Dave is responsible for setting the procurement and logistics strategy for the company in achieving their corporate objectives in maintaining their position as the senior gold low cost producer.

Prior to this assignment he worked at Rockwell Collins as the Vice President of Material and Supply. In this capacity, Mr. Young was responsible for all Material activities at thirteen manufacturing locations in N. America. He led the reorganization of the Material functions within Rockwell Collins and played an integral role with the acquisitions of Hughes Avicom, Sony Transcom, Kaiser Aerospace and Electronics into the Collins family.

Dave has worked at Hughes Aircraft Company in California as well as two divisions of American Hospital Supply Corporation. He is a member of several associations and was the past Chairman of Stack International, a global consortium of leading manufacturing companies. Prior to re-locating to Canada, Dave was a member of the Board of Directors for Big Brothers Big Sisters of Cedar Rapids, Iowa. He has an undergraduate degree from Purdue University in Industrial Engineering and a Masters of Business Administration from the University of Illinois.