Barrick will keep hedging at least 9.5 million ounces

Section:

11:30a ET Friday, August 4, 2006

Dear Friend of GATA and Gold:

On the basis of Barrick Gold's Thursday conference call with financial analysts, MineWeb's Dorothy Kosich reports that Barrick does not intend to close at least 9.5 million ounces of the 13 million ounces remaining on its hedge book. The MineWeb story also includes comments on Barrick's bid to acquire NovaGold. You can find it here:

http://www.mineweb.net/gold_silver/872674.htm

CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.