TANZANIA MINING EXPERT APPOINTED GENERAL MANAGER OF ABG MINE

ABG appoints Philbert Rweyemamu General Manager of Tulawaka Mine

·         Rweyemamu among most experienced Tanzanian mining executives

·         He commences duty as GM effectively on 3 September 2012

African Barrick Gold (ABG) is pleased to announce that it has appointed Philbert Rweyemamu as General Manager of the Tulawaka Gold Mine.

Mr. Rweyemamu, who is one of the most experienced Tanzanian mining executives, has more than 30 years professional mining experience. He will commence duties on 3 September 2012.

He previously worked for DeBeers Williamson Mine in various roles, the most senior being Director of Production, a position he held from 2001 to 2003. He then held the position of Mining Manager Services from 2003 to 2004 at Orapa & Lethakane Mines in Botswana after which he moved to South Africa with DeBeers where he worked as Mining Manager for Oaks Mine in Limpopo.

Mr. Rweyemamu was then promoted to the position of Operations Manager for Namaqualand Mines in Kleinzee, South Africa.

He left DeBeers and joined ABG’s North Mara Mine in 2007 where he worked as Mining Manager. From 2007 to 2010 he headed up the Artisinal Mining and Small-Scale Mining Project for Barrick in Tanzania before being appointed as Government Relations Manager for ABG, a position he held until March 2012. Mr. Rweyemamu then left ABG to join Shanta Mining Company on the Singida Project as General Manager.

Mr. Rweyemamu holds a Masters of Science degree in Mining Engineering, Geomechanics, from the University of Exeter, Camborne School of Mines in England. He also holds a Bachelor of Engineering in Mining Engineering from Camborne School of Mines and a Mining Technology Diploma from Hailey School of Mines, Ontario in Canada.

About Tulawaka Mine

The Tulawaka mine located in Biharamulo district, Kagera region, is one of ABG's four gold-producing mines in Tanzania.

The mine comprises a completed open pit mine with an underground access ramp located at the bottom of the pit.

As at 31 December 2011, a total of 1,043 people were employed at Tulawaka. Some 493 were direct ABG employees and 550 were contracted personnel.

About African Barrick Gold

ABG is Tanzania’s largest gold producer and one of the biggest gold producers in Africa. We have four producing mines, all located in northwest Tanzania (Bulyanhulu, Buzwagi, North Mara and Tulawaka), and several exploration projects at various stages of development. With a high-quality asset base, solid growth opportunities and a clear strategy, we have the objective of increasing our existing production to one million ounces per year by 2014.

We aim to achieve this by:

§ driving operating efficiencies to optimise production from our existing asset base;

§ growing through near mine expansion and development of advanced-stage projects; and

§ organic greenfield growth and acquisitions in Africa.

Maintaining our license to operate through acting responsibly in relation to our people, the environment and the communities in which we operate is central to achieving our objectives.

ABG is a UK public company with its headquarters in London. We are listed on the Main Market of the London Stock Exchange under the symbol ABG. Historically and prior to our initial public offering (IPO), our operations comprised the Tanzanian gold mining business of Barrick Gold Corporation (Barrick), our majority shareholder.

ABG was cross-listed on the DSE on December 7, 2011.

For inquiries:

Nector Pendaeli Foya | PR & Communications Manager | African Barrick Gold (Pty) | Phone: (+255 22) 216 4229 | Mobile: (+255) 767 308 600 | Fax: (+255 22) 2600 210 | Address: African Barrick Gold, Plot 1736 Kahama Rd/Hamza Aziz Rd, Msasani Peninsula, Dar es Salaam, Tanzania | Email: nfoya@africanbarrickgold.com

www.africanbarrickgold.com