African Barrick Gold

15 September 2010

2010 Site VisitExploration Overview

Disclaimer

Important Notice

This presentation has been provided to you for information purposes only. It does not constitute an offer, solicitation, invitation or inducement to purchase, subscribe orotherwise acquire or to sell or otherwise dispose of any securities of African Barrick Gold plc ("ABG") or engage in any investment activity in connection with the capital of ABGin any jurisdiction. The information or opinions contained in this presentation shall not form the basis of, or be relied on in connection with, or act as any inducement to enterinto, any contract or commitment or investment decision whatsoever in connection with ABG.

The information and opinions contained in this presentation are provided as of the date of this presentation and are subject to change without notice. ABG explicitly disclaimsany responsibility, obligation or undertaking to update or revise any information contained in this presentation after its date, whether as a result of new information, futureevents or otherwise. No reliance may be placed for any purpose whatsoever on the information or opinions contained in this presentation or on its completeness and no liabilitywhatsoever is accepted for any loss howsoever arising from any use of this presentation or its contents.

Certain information, statements, beliefs and opinions in this presentation are forward looking. Forward-looking statements are statements that are not historical facts. Thesestatements include, without limitation, financial projections and estimates and their underlying assumptions, statements regarding plans, objectives and expectations withrespect to future production, operations, costs, products and services, and statements regarding future performance. Forward-looking statements are generally identified bythe words "plans," "expect," "anticipates," "believes," "intends," "estimates" and other similar expressions. All forward-looking statements involve a number of risks,uncertainties and other factors. Although ABG’s management believes that the expectations reflected in such forward-looking statements are reasonable, investors arecautioned that forward-looking information and statements are subject to various risks and uncertainties, many of which are difficult to predict and generally beyond thecontrol of ABG, that could cause actual results and developments to differ materially from those expressed in, or implied or projected by, forward-looking information andstatements contained in this presentation. Factors that could cause or contribute to differences between the actual results, performance and achievements of ABG include, butare not limited to, political, economic and business conditions, industry trends, competition, fluctuations in the spot and forward price of gold or certain other commodityprices, changes in regulation, currency fluctuations (including the US dollar, South African rand and Tanzanian shilling exchange rates), ABG’s ability to successfully integratefuture acquisitions, to recover its reserves or develop new reserves, including its ability to convert its resources into reserves and its mineral potential into resources orreserves and to timely and successfully process its mineral reserves, changes in its business strategy, as well as risks and hazards associated with the business of mineralexploration, development, mining and production. Accordingly, investors should not place reliance on forward-looking statements contained in this presentation. Any forward-looking statements in this presentation speak only as of the date of this presentation and only reflect information available at the time of preparation. Subject to therequirements of the Disclosure and Transparency Rules and the Listing Rules or applicable law, ABG explicitly disclaims any obligation or undertaking publicly to update orrevise any forward-looking statements contained in this presentation, whether as a result of new information, future events or otherwise.

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2

1. Exploration Properties & Pipeline 4

2. Tulawaka 8

3. Golden Ridge 12

4. North Mara 16

5. Bulyanhulu 21

6. Nyanzaga 24

3

4

Tanzania - Properties and Projects Overview

Non-Operating JV

ABG Operating

GeitaMwanza

Shinyanga

Musoma

Tulawaka

(0.12Moz)

Buly

(17.1Moz)

Buzwagi

(4.36Moz)

North Mara

(3.93Moz)

Jomu

Golden Ridge

Tusker

Golden

Pride

Dett

100km

Legend

Granted - Karagwe

Application - Karagwe

Siga Hills Camp

North Mara Camp

Bukoban

Karagwe Ankolean

Greenstones

Granites

5

Exploration and Project Development Pipeline

Mine site

Satellite

Lake Victoria Goldfields

Africa wide

Medium to Long Term Short to Medium Term

Grassroots

Program

Target

Delineation

Advanced

ExplorationResource and

Scoping

Targ

et

Siz

e

Opportunity

Africa-wide

M&A

>1 Moz >750 koz >500 koz>100

koz

Reserve

Definition /

Feasibility

Masabi

Extensions

Tulawaka

West

Dett

Gokona

U/GBuly

Upper East

Zone

Tusker

Gokona

Gena

Trend

Golden

Ridge

Tulawaka

DeepsJomu

Tulawaka

East

ExtnBuly Reef 2

West

Buzwagi

Village

Reef

Kilimani

Nyanzaga

Regional

Surubu

Karagwe

Ankolean

Tagota

Buly

Reef 1 & 2

East

Kahama

Nyakafuru

JV

Komarera

6

Project Pipeline

Project 2010 2011 2012 2013

Tulawaka Extensions

Golden Ridge

Gokona / Nyabigena UG

Bulyanhulu Upper East

Nyanzaga – Tusker / Kilimani

Drilling & Resource Definition

Scoping Studies

Feasibility Studies

Project Execution

Production

1. Exploration Properties & Pipeline 4

2. Tulawaka 8

3. Golden Ridge 12

4. North Mara 16

5. Bulyanhulu 21

6. Nyanzaga 24

7

8

20km

Tulawaka

Buck Reef

Imweru

Mgusu

GEITA

DEPOSITS

Granite

Unclassified intrusive

Gabbro

QFP

Felsic volcanic

Mafic volcanic, <2750

Mafic volcanic, >2750

Sediments

Kakindu

Tulawaka West

Tulawaka – Project Location

9

Tulawaka Underground & Surface Extensions

Underground exploration and definition drilling to extend the East Zone underground resource

continues.

Drilling to date shows the mineralised quartz veins extend at least down to Level 10 at Zone 150.

Resource update from additional drilling planned for H2 2010.

Encouraging results support expectations that life of mine will be extended.

Ongoing surface exploration drilling also continues to test extensions to West Zone Main and

Mojamoja prospects – a number of promising drill intersections encountered.

10

Tulawaka – Satellite Targets

Ongoing surface exploration drilling also

continues to test extensions Main West

Zone and Mojamoja prospects.

A number of promising drill intersections

have been encountered from shallow

depths including:

5 m @ 23.7g/t Au – Mojamoja

4 m @ 43.7g/t Au – Mojamoja

4 m @ 77.8g/t Au – Main West Zone

5 m @ 33.0g/t Au – Main West Zone

Additional exploration drilling is to be

completed on targets to the southeast of

Tulawaka for further satellite deposits.

Main West Zone

Mojamoja

Tulawaka East

2km

1. Exploration Properties & Pipeline 4

2. Tulawaka 8

3. Buzwagi - Golden Ridge 12

4. North Mara 16

5. Bulyanhulu 21

6. Nyanzaga 24

11

Buzwagi – Golden Ridge Satellite Opportunity

12

20km

Buzwagi(4.36 Moz)

Golden Ridge

Jomu

Nyakafuru

Golden Pride

Granite

Mafic volcanic

Masabi

55kmKahama 100%

Kahama JV

Nyakafuru JV

BEAL

GPW JV

13

Golden Ridge Feasibility Project

South North

Grade

Thickness

gm x metre

RC Infill 2010

Infill resource drilling and metallurgical drilling completed.

Geological model & geotechnical studies for feasibility study completed.

Advanced metallurgical test work and environmental and social impact assessment continue.

Announcement on updated resource expected before year end.

Feasibility study due for completion Q1 2011 and decision on project execution shortly after.

Additional potential identified to potentially expand the resource below and adjacent to current to

current pit designs.

Additional satellite deposit potential for Buzwagi identified at Jomu & other prospects.

1.2km of 4km

strike

US$ 750 Pit

2010 Met Hole

Buzwagi – Satellite Opportunity – Masabi

14

20km

Buzwagi(4.5 Moz)

Golden Ridge

Jomu

Nyakafuru1.1Moz

Golden Pride(3 Moz)

Granite

Mafic volcanic

Masabi

Kahama 100%

Kahama JV

Nyakafuru JV

BEAL

GPW JV

1. Exploration Properties & Pipeline 4

2. Tulawaka 8

3. Golden Ridge 12

4. North Mara 16

5. Bulyanhulu 21

6. Nyanzaga 24

15

16

North Mara – Gokona-Nyabigena Underground Project

600m

800m

1000m

1200m

600m

800m

1000m

1200m

12400E 12600E 12800E 13000E 13200E

200m

Pit Stage 2

Pit Stage 3

17m @ 12.11g/t

West East

20 to 40

40 to 60

60 to 80

80 to 100

> 100

< 20

Grams X metres13m @ 6.95g/t

14m @ 33.7g/t

23m @ 8.6g/t

13m @ 7.79g/t

Gokona East Zone

Gokona West Zone

Gokona Deeps

Extension Target600m

800m

1000m

1200m

600m

800m

1000m

1200m

12400E 12600E 12800E 13000E 13200E

600m

800m

1000m

1200m

600m

800m

1000m

1200m

12400E 12600E 12800E 13000E 13200E

200m200m

Pit Stage 2

Pit Stage 3

17m @ 12.11g/t

West East

20 to 40

40 to 60

60 to 80

80 to 100

> 100

< 20

Grams X metres13m @ 6.95g/t

14m @ 33.7g/t

23m @ 8.6g/t

13m @ 7.79g/t

Gokona East Zone

Gokona West Zone

Gokona Deeps

Extension Target

Positive scoping study completed for the

Gokona-Nyabigena underground project.

Feasibility study to be initiated shortly and

scheduled for completion during H1 2011.

Targeting production by 2013 to increase

North Mara ounce profile and extend mine

life.

Ongoing exploration drilling targeting

depth extensions to both Gokona West

and Gokona Deeps lodes.

Targets are between 200m to 500m below

the planned final Stage 3 open pit.

17

North Mara – Gokona Corridor Extensions

The Gokona-Nyabigena system

has current and past endowment

of >4Moz.

Very limited drilling has occurred

outside the immediate mine area.

Young volcanic cover overlies and

masks the favourable Archaean

stratigraphy

RC scout drilling along the Gokona

corridor commenced in Sept 2010

2011 drill programs to continue

testing the Gokona corridor over

more than 8km of the current trend

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North Mara – Camp & Regional Targets

North Mara – 700 sq km of licences.

Geological characteristics of all the

major greenstone belts around the

world.

Targets around Gokona-Nyabigena lie

beneath younger volcanic cover and

require a good structural understanding

and reconnaissance drill programs.

Programs testing along the Gokona-

Nyabigena Trend east and west of the

mines commenced in mid-August 2010

and will continue in 2011.

Regional targets in the western areas of

the land package will be tested in in Q3-

Q4 2010 and follow-up of success in

2011.

1. Exploration Properties & Pipeline 4

2. Tulawaka 8

3. Golden Ridge 12

4. North Mara 16

5. Bulyanhulu 21

6. Nyanzaga 24

19

20

Bulyanhulu – Near-mine Exploration Targets

Buly(17.1Moz)

5km

Golden Horseshoe

Buly South JV

Bulyanhulu near-mine exploration is

targeting

Extensions to known shoots within

Reefs 1 and 2

Repetitions to high grade shoots

along strike, and

satellite opportunities.

In 2011 the Mine Geology team plan to

test extensions to:

Reef 1 & 2 Southeast

Reef 2 NW Extensions

East Limb Structural Target

Conceptual Targets throughout the camp

are being developed using 3D-modeling

and structural targeting.

Fold Nose

21

Bulyanhulu Upper East Zone Update

Upper East Zone

Completed review of planning

models and action plan formulated.

Dewatering and rehabilitation of

existing decline commenced – first

500m expected to be completed

early Q4.

Scope of work for feasibility study

completed.

Feasibility study contract award

expected to be made shortly,

completion targeted for early 2011.

Project execution decision

expected during H1 2011 and work

starting shortly after.

Existing 1.8km decline

1. Exploration Properties & Pipeline 4

2. Tulawaka 8

3. Golden Ridge 12

4. North Mara 16

5. Bulyanhulu 21

6. Nyanzaga 24

22

23

Golden

Ridge

Jomu

Geita

Buly(17.1Moz)

GHS

Kitongo

Tusker

Buck Reef

20km

Nyanzaga (Tusker Deposit) - Location

24

Nyanzaga Project Update

Acquisition of Tusker Gold Limited completed in

May.

Step-out and infill drilling programs on Tusker and

Kilimani resource areas

Testing for satellite targets or further large

deposits to improve economics of project

Geotechnical and advanced metallurgical studies

scheduled for Q4 2010.

Targeting up to 50,000m of drilling in total during

H2 2010.

Scoping study on Tusker & Kilimani resources

scheduled for commencement Q2 2011 with

feasibility study commencing by year-end 2011

dependent on results of scoping.

Tusker & Kilimani – Resource Extensions

Tusker Kilimani

500m

Tuffaceous Sediment

Mudstone

BIF Chert

Gossan

DDH

RC

RAB

Tusker - Geological Cross Section

26

Nyanzaga Project – Satellite Targets

27

Tusker

VTEM Target

Exploration programs testing for satellite

targets and further large-scale opportunities

have commenced across the Nyanzaga project

To date to several high priority targets have

been identified. Targets include:

EM and IP geophysical anomalies

Soil and rock geochemical anomalies

Geological & structural targets

Contact details

28

Office address

African Barrick Gold plc

5th Floor

No. 1 Cavendish Place

London W1G 0QF

+44 (0)207 129 7150

Key contact details

Greg Hawkins (Chief Executive Officer)

Kevin Jennings (Chief Financial Officer)

Andrew Wray (Head of Investor Relations and Corporate Development) - +44 (0)207 129 7155 – awray@africanbarrickgold.com

Website – www.africanbarrickgold.com