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Barrick Gold signs Global Agreement to implement FlexiCadastre

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Barrick Gold signs Global Agreement to implement FlexiCadastre

Barrick Gold has contracted Spatial Dimension to undertake a global roll-out of its FlexiCadastre mineral rights management solution for the company. FlexiCadastre will be implemented in regional hub offices in North America, South America, Africa and Australia.

About Spatial Dimension

Spatial Dimension is a multi-disciplinary software development and consulting company with a broad base of skills and experience in the development of innovative and cost effective spatially enabled solutions. Their flagship product, FlexiCadastre, is the international software of choice for both Government Agencies and Mineral Resource Companies wanting to implement integrated mineral rights management solutions.

About Barrick Gold

Barrick is a leading international gold mining company, with a portfolio of 27 operating mines and seven advanced exploration and development projects located across five continents, and a large land position on the world’s best exploration belts. The Company holds a pre-eminent position within the gold mining industry. The Company also has the largest reserves in the industry, with pro forma gold mineral reserves of 139 million ounces as at December 31, 2005. For 2006, the Company’s preliminary guidance is gold production of 8.6 to 8.9 million ounces and copper production of approximately 350 million pounds. Total cash costs are expected to be in the range of $275 - $290 per ounce of gold and about $0.75 - $0.80 per pound of copper.

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