Certain conditions may exist as of the date the financial

statements are issued that may result in a loss to the

Company, but which will only be resolved when one or

more future events occur or fail to occur. The impact of any

resulting loss from such matters affecting these financial

statements and noted below may be material.

Except as noted below, no material changes have

occurred with respect to the matters disclosed in Note 36

“Contingencies” to the 2025 Annual Financial Statements,

and no new contingencies have occurred that are material

to the Company since the issuance of the 2025 Annual

Financial Statements.

The description set out below should be read in

conjunction with Note 36 “Contingencies” to the 2025

Annual Financial Statements.

Litigation and Claims Update

Pascua-Lama — Proposed Canadian Securities Class

In the Ontario proceeding, the Ontario Superior Court of

Justice issued its decision on the plaintiffs’ motion for class

certification on March 4, 2026. The Court certified the

plaintiffs’ statutory secondary market and common law

misrepresentation claims but declined to certify the

plaintiffs’ primary market claims.

In the Quebec proceeding, both parties have

delivered expert reports. Trial is scheduled for April 18 to

Pascua-Lama — SMA Regulatory Sanctions

On June 23, 2026, the SMA dismissed the appeal filed by

the group of local farmers and indigenous communities

opposing the SMA’s November 13, 2024 decision not to

assess any additional fines against CMN.

Veladero — Operational Incidents and Associated

On June 5, 2026, the Federal Court dismissed the

previously disclosed Federal Amparo Action. The National

Minister did not appeal this decision. The previously

disclosed Provincial Amparo Action remains pending.

North Mara — Ontario Litigation

On April 7, 2026, the Court of Appeal for Ontario dismissed

the plaintiffs’ appeal, upholding Barrick’s motion to

permanently stay both actions on the grounds that Tanzania

is a more appropriate forum in which to litigate this matter.

On June 8, 2026, the plaintiffs filed an application for leave

to appeal to the Supreme Court of Canada, which Barrick

Loulo-Gounkoto Mining Conventions Dispute

Further to the terms of the settlement agreement

announced on November 24, 2025, the 10-year renewal of

the Somilo Exploitation Permit was granted under the 2023

Mining Code on February 13, 2026. Also further to the

settlement agreement, the senior judge at the Pôle National

Économique et Financier issued a ruling dated March 25,

2026 dismissing the criminal proceedings previously issued

against Somilo, Gounkoto and certain individuals. This

matter is now closed.

Pursuant to a tax reconciliation process

contemplated by the settlement agreement, a total of $200

million was paid to the Government of Mali in April 2026 in

respect of additional royalties, penalties and interest related

to the retrospective application of the 2023 Mining Code to

Loulo-Gounkoto for 2024 and 2025. Also as part of this tax

reconciliation process, on July 1, 2026, the Government of

Mali notified Somilo that approximately $48 million in

additional penalties remains owing in respect of the 2024

and 2025 tax years, which Somilo will resolve through a

combination of cash and VAT offsets. Barrick is continuing

to engage with the Government of Mali regarding the tax

reconciliation process.