TORONTO, ONTARIO--(MARKET WIRE)--Sep 29, 2008 -- Barrick Gold Corporation (ABX - News) (Toronto:ABX.TO - News) announced today that, pursuant to the terms of Placer Dome 2.75% Convertible Senior Debentures due 2023 (the "Debentures"), upon compliance with the terms and conditions of the Debentures, the Debentures may be surrendered for conversion until and including December 31, 2008 at a conversion rate of 40.1321 Common Shares per US$1,000.00 principal amount of Debentures.

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