REFERENCES and PRESS RELEASES

Federova, Russia

Federova is a Platinum Group Metals (PGM) project with platinum measured and indicated mineral resources of 6.5 million ounces and inferred resource of 0.6 million ounces and palladium measured and indicated resource of 2.1 million ounces and inferred resource of 2.6 million ounces (100% basis.)(8) It is located in the northwest of Russia in the Murmansk region that borders Finland and has excellent regional infrastructure. The site is 150 kilometers from a PGM smelter, and is close to Apatity, a major mining center.

In 2007, Barrick plans to spend approximately $30 million for drilling and completion of the pre-feasibility study for this large near-surface deposit. Barrick is the operator and currently has a 50 percent interest in Federova and has the right to earn another 29 percent by the end of 2007.