[Davies Letterhead]


November 10, 2005



Barrick Gold Corporation
BCE Place, Suite 3700
161 Bay Street
Toronto, ON M5J 2S1

Ladies and Gentlemen:

Canadian Federal Income Tax Considerations

We have acted as counsel to Barrick Gold Corporation, an Ontario corporation
("Barrick"), in connection with the Offer to the shareholders of Placer Dome
Inc. ("Placer Dome") for all the outstanding shares of Placer Dome as set forth
in the Offer dated on or about November 10, 2005 (the "Offer") and the Offering
Circular dated on or about November 10, 2005 (the "Offering Circular"). All
capitalized terms used and not otherwise defined herein shall have the meanings
provided in the Offer and Offering Circular.

For purposes of this opinion, we have reviewed the Offer and Offering Circular
and such other documents and matters of law and fact as we have considered
necessary or appropriate, and we have assumed, with your consent, that the Offer
will be completed in the manner set forth in the Registration Statement on Form
F-10 of Barrick to which this opinion is filed as an exhibit (the "Registration
Statement"), including the Offering Circular contained therein.

On the basis of the foregoing, and our consideration of such other matters of
fact and law as we have deemed necessary or appropriate, we hereby confirm our
opinion as set forth under the heading "Canadian Federal Income Tax
Considerations" in the Offering Circular subject to the limitations set forth
therein.

This opinion is limited to the federal income tax laws of Canada and does not
purport to discuss the consequences or effectiveness of the Offer under any
other laws.

We hereby consent to the filing of this opinion as an exhibit to the
Registration Statement and to the reference to us under the heading "Canadian
Federal Income Tax Considerations" in the Offering Circular. In giving such
consent, we do not thereby admit that we are in the category of persons whose
consent is required under Section 7 of the Securities Act of 1933.

Yours very truly,



/s/ Davies Ward Phillips & Vineberg LLP

DAVIES WARD PHILLIPS & VINEBERG LLP