C a uti ona r y S ta te me nt on For w a r d Look i ng I nfor ma ti on C er t a i n i nf o r m at i on c on t ai n ed or i nc or p or at ed by r e f er enc e in t hi s pr e s en t at i on in c lud in g an y i nf o r m at i on as to ou r s t r at eg y pr oj ec t s p l ans or f ut ur e f i n anc i al or op er at i n g p e r f o r m anc e c ons t i t u t e s f or w ar d lo o k ing s t at em en t s A ll s t at em en t s ot h er t h an s t at em en t s of hi s t or i c al f ac t ar e f or w a r d lo o k ing s t at em en t s T he w or ds ex p ec t t ar g et pl an pr oj e c t g o a l c ont i n u e bud ge t es t i m at e p ot en t i al m a y w il l c an c ou l d w o ul d s h ou l d an d s im ila r ex p r e s s i ons id e n t if y f or w ar d loo k in g s t at em en t s In p ar t i c ul ar t hi s pr e s en t at i on c on t ai ns f or w ar d loo k i ng s t at em en t s in c lud in g w i t h out li m it a t io n w it h r es p ec t to B a r r ic k s f o rw a rd lo o k ing pr od uc t i on g ui d anc e an d e s t i m a t es of f ut ur e c os t s c as h f l ow f or ec a s t s pr oj e c t ed c api t al op er at i n g an d ex plo r a t io n ex pe ndi t u r e s in c lud in g wi t h r es p e c t to B a r r ic k s 10 y ear pr od uc t i on p r of i l e B a rri c k s en g ag em en t wi t h l oc a l c om m un i t i es to m an ag e th e C o vi d 19 pa nde m i c B a r r ic k s r e s p ons e to t he g ov er nm en t of P a pua N ew G u inea s d ec i s i on n ot to ex t e nd P or g er a s S p ec i al M i ni ng Lea s e th e d ur at i on of t he t em p or a r y s us p ens i on of op er at i ons at P or g er a t he n ew pa r t ne r s h ip b et w e en B a rri c k an d th e G ov er nm en t of T a nz a nia G oT an d t he agr e em en t to r es ol v e al l o ut s t a ndin g di s p ut es b et w e en A ca ci a an d th e G oT B a r r ic k s en er g y an d s us t ai n abi l i t y s t r at egi es in c l ud ing p ot en t i al r ed uc t i ons to B a r r ic k s c ar b o n f oot pr i nt an d c os t s an d i m pr ov em en t s in B a r r ic k s s us t ai n ab i l i t y p er f o r m anc e in c lu di ng t he t im in g of B a r r ic k s up da t ed ESG s c o r ec ar d ou r g oal s wi t h r e s p ec t to en v i r on m en t al hea lt h an d s af e t y c er t i f i c at i ons f or ou r op er at i n g m ine s m ine lif e an d pr od uc t i on r a t es e s t i m at ed t im ing f or c ons t r uc t i on of an d pr od uc t i on f r o m n ew pr oj ec t s i n c lud ing t he D e ep S ou t h P r oj ec t our p ipe l ine of h igh c onf i d en c e pr oj ec t s at or n ear e x i s t ing op er at i ons p ot en t i al f or ex i s t ing or ne w ly a c qu i r ed an d or d ev el op ed as s e t s to b ec o m e T i er O ne or T i er T wo go ld as s et s p ot en t i al ex t en s i ons to lif e of m ine p ot en t i al m i n er al i z at i on an d m et al or m i n er al r ec ov er i e s ou r a b il it y to c on v er t r es o u r c es i nt o r e s er v es our pr oj ec t pi pe li ne an d r es ul t s of our g r eenf i el d an d br ow nf i el d ex p l or at i on w or k an d e x pe c t a t ion s r e ga r di ng f ut ur e pr i c e a s s um pt i ons f i n an c i al p er f or m an c e an d ot h er o ut l ook or gui da nc e F or w a r d lo o k ing s t at em en t s ar e n e c es s ar i l y b as ed upo n a n um b er of e s t i m at es an d as s u m p t i ons i n c lud ing m at er i al es t i m at es an d a s s um pt io n s r el at ed to th e f ac t o r s s et f or t h b el ow t h at w hi l e c ons i d er ed r ea s o na ble by t he C om p an y as at t he d at e of t hi s pr e s en t at i on in l igh t of m an ag em en t s e x p er i enc e an d p er c ept i on of c ur r en t c ond i t i on s an d ex p e c t ed dev e l o pm e nt s ar e inhe r e nt ly s u bj ec t to s i g ni f i c ant b u si n e ss e c on om i c an d c om p et i t i v e unc e r t a in t ie s an d c ont i n g enc i es K n ow n an d unk no w n f ac t o r s c oul d c aus e ac t u al r es u l t s to d i f f er m at e r i al l y f r om t h os e pr oj e c t ed in t he f or w a r d lo o k ing s t at em en t s an d undue r el i anc e s h oul d n ot be pl ac ed on s uc h s t at em en t s an d i nf o r m at i on S uc h f ac t o r s i nc l ud e but ar e n ot l im it ed to f l uc t u at i on s in t he s p ot an d f o rw a rd pr i c e of go l d c op p er or c er t a i n ot h er c o m m o dit ie s s uc h as si l ve r di es el f ue l n at ur al g as an d e l e ct r i ci t y t he s p ec ul at i v e n at ur e of m i n er al ex plo r a t io n an d d ev el op m ent c ha nge s in m i n er al pr od uc t i o n p e r f or m anc e ex plo i t a t io n an d ex plo r a t io n s u c c es s es r i s ks as s oc i a t e d w it h pr oj ec t s in t he ea r ly s t ag es of ev a lua t io n an d f or w hi c h a ddi t io na l en gi n eer i n g an d o t h er an al y s i s is r eq u i r ed t im ing of r ec ei p t of or f ai l ur e to c om pl y w i t h n ec e s s ar y pe r m it s an d ap pr ov al s in c lu di ng n on r en ew al of P o r g er a s S p ec i al M i ni ng L eas e t he be ne f i t s e x p ec t ed f r om r ec en t t r ans a c t i ons be ing r ea l iz e d i n c lud ing N e va d a G ol d M i n es d im in is h i n g qua nt it ie s or gr ad es of r e s er v es i nc r eas ed c o st s d el ay s s us p ens i ons an d t e c h ni c al c ha lle nge s as s o c i at ed wi t h th e c ons t r uc t i on of c ap i t al pr oj ec t s op er at i n g or t ec h n i c al d if f ic u lt i e s in c on n ec t i on wi t h m in ing or d ev el op m en t a c t iv it ie s in c lu di ng geo t e c hn ic a l c ha lle nge s an d di s r u pt i ons in th e m ai n t en anc e or pr ov i s i on of r eq ui r ed i nf r a s t r uc t ur e an d i nf o r m at i on t e c hno lo gy s y s t e m s f ai l ur e to c om pl y wi t h en v i r on m en t al an d hea l t h and s af e t y l a ws an d r eg ul at i on s un c e r t a int y w h et h er s om e or al l of B ar r i c k s t ar g et ed inv e s t m e nt s an d pr oj e c t s w ill m e et t he C om p an y s c ap i t al al l o c at i on o bje c t iv e s an d i nt e r na l hu r dle r at e th e i m p ac t of gl ob al l iqu id it y an d c r ed i t av a ila bi l it y on th e t im ing of c as h f l o ws an d t he v al u es of as s et s an d l ia bi l it ie s b as e d on pr oj e c t ed f ut ur e c as h f l o ws ad v er s e c ha nge s in our c r edi t r at i ngs th e im pa c t of i nf l at i on f l uc t u at i on s in th e c ur r enc y m ar k et s c ha nge s in U S d ol l ar i nt er e s t r at es r i s ks a r i s ing f r om ho l di ng de r iv a t iv e i ns t r um en t s c ha nge s in na t iona l an d l oc a l g ov er nm en t l eg i s l at i on t ax at i on c ont r ol s or r eg ul at i on s an d or c ha nge s in th e ad m i ni s t r at i on of l aw s po li c ie s an d pr ac t i c e s e x pr op r i at i on or n at i on al i z at i on of pr op er t y an d p ol i t i c al or e c on om i c dev e lo pm e nt s in C an ad a t he U n i t ed S ta te s an d ot h er j ur i s d i c t i ons in w hi c h th e C om p an y or it s a ffi l i a te s do or m a y c ar r y on bu s ine s s in t he f ut ur e l ac k of c e r t a int y wi t h r es p e c t to f or ei gn l eg al s y st e m s c or r u pt i on an d ot h er f ac t o r s t h at ar e i nc ons i s t en t w it h t he r ul e of l aw r i s ks as s oc i a t e d wi t h il le ga l an d ar t i s an al m i ni ng r i s ks as s o c i at ed wi t h n ew di s eas e s e pide m i c s an d pa ndem i c s in c lud in g t he e f f ec t s an d p ot en t i al ef f ec t s of t he gl ob al C ov id 19 pa nde m i c di s r up t i on of s upp ly r ou t es w hi c h m ay c a u s e d el ay s in c ons t r uc t i on an d m in ing a c t iv it ie s d am ag e to t he C om p an y s r ep u t at i on du e to t he ac t u a l or pe r c e iv ed o c c ur r enc e of an y num be r of ev e nt s i n c lud ing n eg at i v e pub li c i t y wi t h r es p ec t to th e C om p an y s ha ndl in g of en v i r on m en t al m at t er s or dea l ing s wi t h c om m u ni t y gr ou ps w he t he r tr u e or n ot t he po s s ib il i t y t h at f ut ur e ex p l or at i on r es u l t s w ill n ot be c ons i s t en t wi t h t he C om p an y s ex p ec t at i on s r i s ks t h at ex plo r a t io n d at a m a y be i nc om pl et e an d c ons i d er ab l e a ddi t io na l w or k m ay be r eq u i r ed to c om p l et e f ur t h er ev al u at i on i n c lud ing b ut n ot l im it e d to dr i l lin g e ngine e r ing an d s oc i o ec o n o m i c s t ud ie s an d inv e s t m e nt r is k of l os s du e to ac t s of w ar t er r or i s m s ab ot ag e an d c i vi l di s t ur b an c e s li t iga t io n an d l eg al an d ad m i ni s t r at i v e pr oc eed i n gs c ont es t s ov er ti tl e to pr op er t i e s p ar t i c ul ar l y ti tl e to unde v e lo pe d pr op er t i e s or ov e r ac c es s to w at er p ow er an d ot h er r eq ui r ed i nf r a s t r uc t ur e bus i n e s s o ppo r t un i t ie s t h at m ay be pr e s en t ed t o or p ur s u ed b y t he C o m pany r i s ks as s oc i a t e d wi t h t he f ac t t h at c er t a i n of th e i ni t i at i v es d es c r i b ed in t hi s pr e s en t at i on ar e s t il l in t he ea r ly s t ag es an d m a y n ot m at er i al i z e ou r a b il it y to s u cc e ssf u l l y i nt eg r at e a c q ui s i t i ons or c om pl et e di v es t i t ur es i n c lud ing our a b ili t y to s u cc e ssf u l l y r ei nt eg r at e A c ac i a s op er at i ons r i s ks as s oc i a t e d w it h w o r k ing wi t h pa r t ne r s in jo in t ly c o nt r o lle d as s e t s em p l oy ee r el at i ons in c lu di ng l os s of k ey e m plo y ee s i nc r eas ed c os t s an d phy s i c a l r i sk s i n c lud ing ex t r em e w e at h er ev en t s an d r e s o u r c e s h or t ag e s r e l at ed to c lim a t e c ha nge an d av ai l abi l i t y an d i nc r eas ed c os t s as s o c i at ed wi t h m in ing inp ut s an d l ab or B a rri c k al s o c aut i on s t h at it s 202 0 gu idan c e an d f i ve an d t en ye a r pl an m ay be i m p ac t e d by t he u n pr e c ed e nt ed b us i n es s an d s oc i a l di s r up t i on c aus e s by t he s pr e ad of C o vi d 19 In a ddi t io n t h er e ar e r i s ks an d haz a r d s as s o c i at ed wi t h t he bu s ine s s of m ine r a l ex p l or at i on dev e lo pm e nt an d m in ing in c l ud ing en v i r on m en t al h az ar ds i ndu s t r ia l a cci d e n t s unu s ua l or u n ex p ec t ed f or m at i ons p r e ssu r e s c a v e i ns f l ood i n g an d g ol d b u llio n c op p er c at h od e or g ol d or c op p er c o nc e nt r at e l os s es an d t he r is k of i na dequ a t e i ns ur a nc e or in a b ilit y to ob t ai n i ns ur a nc e to c ov er t h es e r i sk s M an y of t h es e un c e r t a i nt ie s an d c o nt in ge nc ie s c an af f ec t our ac t u a l r es u l t s an d c oul d c aus e ac t u a l r es u l t s to d i f f er m at er i al l y f r om t h os e ex p r e s s ed or im pl ie d in an y f or w ar d l ook i ng s t at em en t s m ad e b y or on b eh al f of us R e ad er s ar e c au t i on ed t h at f or w ar d loo k i ng s t at em en t s ar e n ot g u ar ant e es of fu tu r e p er f o r m anc e A ll of t he f o rw a rd loo k i ng s t at em en t s m ad e in t hi s pr e s en t at i on ar e qua li f ie d by t h es e c au t i on ar y s t at em en t s S p e c if ic r e f er enc e is m ad e to t he m os t r ec ent F or m 40 F A n nu al I nf o r m at i on F or m on f il e wi t h t he SEC an d C an ad i an pr ov i nc i al s e c ur i t i es r eg ul at or y a ut ho r it ie s f or a m or e d et ai l ed d i scu ssi o n of s om e of th e f ac t o r s unde r ly in g f or w ar d loo k i ng s t at em en t s an d th e r i s ks t h at m a y af f ec t B a r r ic k s a b i lit y to ac hi ev e t he e x p e c t at i ons s et f or t h in t he f o rw a rd l ook i n g s t at em en t s c ont ai n ed in t hi s pr e s en t at i on W e di s c l ai m an y i nt en t i on or o bl iga t io n to upda t e or r e vi s e an y f or w ar d l ook i ng s t a t em en t s w he t he r as a r es u l t of n ew i n f or m at i o n f ut ur e e v ent s or ot h er w i s e e x c ept as r e qui r ed by ap p l i c ab l e l aw