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New WGC chairman

London, England — MININGREVIEW.COM — 13 March, 2008 – The World Gold Council (WGC) has announced that the appointment of Barrick Gold Corporation President and CEO Greg Wilkins as its new chairman.

In  a media announcement here yesterday the WGC said Mr. Wilkins would succeed Pierre Lassonde with immediate effect.

Founded in 1987, the WGC is an organisation formed and funded by the world’s leading gold mining companies with the aim of stimulating and maximising the demand for gold. Its membership base represents 23 companies and more than 60% of obtainable global gold production.

Commenting on his appointment, Wilkins said: “This is an exciting time for the gold industry and I feel honoured to be given the opportunity to play a part in driving the WGC’s mandate to develop sustainable demand for gold. The WGC has enjoyed many successes in recent years –   not least the introduction of exchange-traded gold and the rejuvenation of the gold jewellery market in key geographies. I very much look forward to picking up the baton and working with the council’s talented team,” he added.

“I would also like to congratulate my predecessor, Pierre Lassonde, whose leadership and passion for the industry have helped drive the success of the WGC’s efforts over the last three years.”

Pierre Lassonde was elected chairman of the World Gold Council in March 2005.During his time as chairman, Pierre has played a pivotal role in increasing the WGC membership base, Pierre has also been instrumental in rolling out gold-backed, exchange-traded funds across Europe and Asia.

World Gold Council CEO James Burton said: “Going forward, we are very much looking forward to benefiting from Greg’s wealth of industry experience as the gold industry faces new opportunities and challenges in the future.”

Greg Wilkins was elected President and Chief Executive Officer of Barrick Gold Corporation in February 2003 and has been a member of its board since 1991.