Slide 1: B2Gold Corp.
B2Gold Corp. May 2008 12 1
Slide 2: Cautionary Statement
Cautionary Statement Certain statements set forth in this presentation constitute “forward looking statements” within the meaning of the United States Private Securities Litigation Reform Act of 1995. Such statements involve risks, uncertainties and other factors that may cause the actual results, p
Slide 3: Introducing B2Gold Corp.
Introducing B2Gold Corp. h B2Gold is a Vancouver based exploration and development company formed in 2007 by the former management team of Bema Gold Corporation h Bema was acquired by Kinross Gold Corporation, through a Cdn$3.5 billion transaction in February 2007 h B2Gold’s corporate objective is t
Slide 4: B2Gold Management Team
B2Gold Management Team h Clive T. Johnson (President, CEO & Director) Clive Johnson will lead the strong management team of B2Gold. Mr. Johnson was involved with Vancouver based Bema Gold and its predecessor companies since 1977. When Bema Gold was created by the amalgamation of three Bema group com
Slide 5: B2Gold Board of Directors
B2Gold Board of Directors h Robert Cross (Chairman of the Board) Robert Cross has more than 20 years of experience as a financier in the Mining and Oil & Gas sectors. He has served as a director of numerous public and private companies. He is Non-Executive Chairman of Northern Orion Resources Inc.,
Slide 6: B2Gold Share Capital
B2Gold Share Capital Ownership Breakdown Directors, Management, Employees 56.7m Private Financings 29.1m IPO 33.8m Kinross 12.7m AngloGold Ashanti (1) 25.0m Total Shares Issued and Outstanding 157.3m Restricted Shares (1) 107.5m Warrants and Options (1) (2) 28.3m Total Shares Fully Diluted 185.6m (1
Slide 7: B2Gold Project Locations
B2Gold Project Locations LS, 285 Try = : ® = é } ga | mal * i Wancouver - » aay i Y ; a ks oe € ey _ re oe ty 4 We mY ? Ly ~ + Boe > Poe i a —— , er wy } / _~. |Colombian Projects \ : tex 3% \e ( / =a : \ a y is , ea ] ¢ Gramalote e G | A { We i. “ey * Quebradonat)” {1 d, A= 73 & Da ¢ Miraflores ~~
Slide 8: Colombian Projects
Colombian Projects Gramalote Quebradona Miraflores 8
Slide 9: Why Colombia
Why Colombia h Long history of gold production h Minimal modern exploration h Excellent exploration potential h Good infrastructure h Improved security h Modern mining law h Strong GDP growth – 2007 6.8%; 2008 forecast 5.5% h Stable government that encourages foreign investment h Joint venture with
Slide 10: Property Agreements in Colombia
Property Agreements in Colombia h Agreement with AngloGold Ashanti (AGA) to jointly explore mineral opportunities within a 220,000 square kilometre area of Colombia h B2Gold has the right to earn a 51% interest in any property which AGA chooses to farm out within the area of interest by completing 5
Slide 11: Gramalote Property Agreement
Gramalote Property Agreement Revised AGA Agreement (1) h B2Gold agreement to acquire 49% interest in Gramalote Property from Grupo Nus h AGA has agreed to transfer 2% interest to B2Gold and waive AGA’s right to a 75% interest in Gramalote, in return for B2Gold completing a feasibility study, as oper
Slide 12: Colombia JV
Colombia JV Project locations and Area of JV Interest Area of JV Interest B2Gold Projects AGA Projects 12
Slide 13: Gramalote Project
Gramalote Project h Gramalote h Previous drilling of 43 holes over an area of 1 by 1 kilometre with >2 million ounce potential at >1 gram per tonne (g/t) gold (Au) and potential for more h 7 by 4 kilometre soil geochemistry survey indicates excellent exploration potential with four untested satellit
Slide 14: Gramalote Project
Gramalote Project T2 Mineralization at surface 13 05 11 25 DDH 05 – 254 m @ 1.16 g/t Au DDH 13 – 230 m @ 1.6 g/t Au DDH 11 – 34 m @ 3.12 g/t Au DDH Locations DDH 25 – 250 m @ 0.74 g/t Au ADIT T2 – 75 m @ 1.69 g/t Au 14
Slide 15: Gramalote Project
Gramalote Project Gramalote 15
Slide 16: Gramalote Project
Gramalote Project Soil Geochem and DDH Gramalote and other targets Trinidad Soil Samples Au (ppb) 2,500 to 4,200 300 to 2,500 100 to 300 Soil Samples Au (ppb) 25 to 100 < 25 2,500 to 4,200 300 to 2,500 100Alto to 300de Gramalote 25 to 100 < 25 Monjas Christales 16
Slide 17: Quebradona Project
Quebradona Project h Quebradona h Grass roots discovery in very favourable geologic terrain h District scale (6 by 4 kilometre) gold-bearing porphyry cluster (5 main targets) h Consistent wide scale trench sampling >1.5 g/t Au h A 5,500 metre phase I drill program designed to test five porphyry targ
Slide 18: Quebradona Project
Quebradona Project Project Areas with Target Type 5 km La Aurora Porphyry Au El Tenedor Chaquiro Porphyry Au Porphyry Cu Isabella Porphyry Au La Sola Porphyry Au 18
Slide 19: Quebradona Project – Geophysics
Quebradona Project – Geophysics La Aurora El Tenedor Chaquiro La Isabella La Sola 19
Slide 20: Quebradona Project
Quebradona Project La Aurora Target Aurora Isla 20
Slide 21: Quebradona Project
Quebradona Project La Aurora Inferred Outcrop GEOLOGIC LEGEND Quaternary Intramineral Porphyritic Diorite Equigranular intramineral Microdiorite Late Porphyritic Diorite Premineral Diorite Quartz Diorite Porphyritic Dacite Andesite Basalt Tuffs, agglomerates and sediments Agglomerates Fault ROCK GEO
Slide 22: Quebradona Project
Quebradona Project La Sola Inferred Outcrop GEOLOGIC LEGEND Quaternary Intramineral Porphyritic Diorite Equigranular intramineral Microdiorite Late Porphyritic Diorite Premineral Diorite Quartz Diorite Porphyritic Dacite Andesite Basalt 1,370 Au ppb 1,295 Au ppb Tuffs, agglomerates and sediments Agg
Slide 23: North Eastern Russia Projects – Chukotka
North Eastern Russia Projects – Chukotka Kupol East and West Licenses 23
Slide 24: Kupol Gold & Silver Mine
Kupol Gold & Silver Mine The Kupol mine is owned 75% Kinross and 25% Government of Chukotka 24
Slide 25: Kupol East and West Joint Venture
Kupol East and West Joint Venture h B2Gold has the right to earn 37.5% interest from Kinross h Resulting interest – Kinross 37.5%, B2Gold 37.5% and Government of Chukotka 25% h B2Gold and Kinross have agreed to fund $10 million each on exploration. B2Gold will be the operator to completion of a pre-
Slide 26: Kupol East and West Licenses
Kupol East and West Licenses Principal Target Areas 231.6 km2 Kupol North Extension Kupol Mine 75% Kinross 17.5 25% Chukotka Govt km2 Moroshka West Kak & Fox Kupol South Extension Tokai Prekup Avgusteishiy 194 km2 Killer Dublon Bunny Dubonnet 26
Slide 27: Kupol West - Summary
Kupol West - Summary Kupol North Extension h Drilling on Kupol license indicates the Kupol vein system open to north. Values to 53.2 g/t Au with 121.8 g/t Ag over 7.70 metres within 325 metres of Kupol West license boundary h Strong magnetic low and resistivity high on trend from main vein Kupol Sou
Slide 28: Kupol East - Summary
Kupol East - Summary Prekup h Historical trenching has returned values of 14.9 g/t Au with 60.7 g/t Ag over 8.9 metres, and 72.5 g/t Au with 176.9 g/t Ag over 3.4 meters. The vein system has been traced on surface for 800 meters and remains open to the south h A strong antimony anomaly and magnetic
Slide 29: Exploration Budget Summary 2008
Exploration Budget Summary 2008 Phase 1 Only With Phase 2 Project Drilling (m) (US$ millions) (US$ millions) Colombia 18.335 33,000 21.833 53,000 Kupol West (1) 4.957 5,500 Kupol East (1) 3.455 3,000 General Exploration 0.593 TOTAL 27,340 30,838 41,500 (with Phase 2 61,500 drilling) (1) Kupol East a
Slide 30: Next 12 Months
Next 12 Months h Colombia h Continue exploration drilling h Commence feasibility drilling on Gramalote h Further property acquisitions h Russia h Explore Kupol East / West including mapping, trenching and diamond drilling h Acquisition Opportunities h Continue to pursue acquisition opportunities tha
Slide 31: Contact Information
Contact Information B2Gold Corp. 3100 - 595 Burrard Street Vancouver, BC Canada, V7X 1J1 Phone: 800-316-8855 Fax: 604-681-6209 Email: investor@b2gold.com Web: www.b2gold.com 31