PMEG Extends O&M Contract with Barrick Goldstrike Mines

ATLANTA (July 23, 2007) - PIC-Marubeni Energy Group (PMEG), a service provider for the global power generation industry, announces that it has extended its full care, custody, and control contract for operations and maintenance (O&M) services with Barrick Goldstrike, Inc. for the Western 102 Power Plant located in McCarran, Nevada.

The Western 102 Power Plant is comprised of fourteen Wärtsilä 20V34SG reciprocating engines burning natural gas and having total net output of approximately 115 MW. The facility is one of the largest reciprocating power plants in North America and utilizes Wärtsilä’s latest reciprocating engine technology. This power plant provides the Goldstrike Property with the flexibility to generate its own power or buy cheaper power from other producers, with the goals of minimizing the cost of power consumed and enhancing the reliability of electricity availability at its mine. PMEG has been under contract since June 16th, 2005.

The Western 102 Power Plant also received the Safety & Health Award of Merit from Barrick Gold of North America for completing year 2006 with no lost time injuries. PMEG’s Plant Manager, Curtis Wolfe, and his O&M team have continued to demonstrate their commitment to safety excellence by maintaining a zero accident status for the past two years.

Larry Morasse, Western 102’s General Manager, said “A safe work environment is my number one priority for Western 102. PMEG has done a good job balancing that attention to safety with the unique power demands of our mining operation.”

Barrick Gold Corporation is recognized as a leading international gold producer, with a portfolio of 27 operating mines and trades on the Toronto Stock Exchange and New York Stock Exchange under the ticker symbol ABX.

PIC-Marubeni Energy Group (PMEG), a subsidiary of The PIC Companies and Marubeni Corporation, provides full third party O&M and energy services for power generation facilities worldwide. PMEG’s offerings ranging from simple O&M staffing programs to full care, custody and control with management of major maintenance activities. PMEG’s experience includes more than 13,500 MW of contracted O&M services worldwide.

The PIC Companies, headquartered in Marietta (Atlanta), Georgia and established in 1988, is a leader in providing global service solutions to the energy industry. Offering full scope turbine and boiler outage services, balance of plant mechanical services, equipment commissioning, integrated plant start-up, and complete staffing solutions for all aspects of project development and execution.

Marubeni Corporation is a publicly listed company headquartered in Tokyo, Japan with over $41 billion in assets, over $28 billion in annual revenue, and approximately $4.6 billion in gross profit (2006 data). The company was founded in 1858 and currently has 124 offices in 74 different countries around the world.