Slide 1: Limon Mine Presentation June 2010
Limon Mine Presentation June 2010 12 1
Slide 2: B2Gold / Minera Triton
B2Gold / Minera Triton és VRIVOS MINT VS. ¥ Ver el LS Ieclr RN Tnyerdmos en Nicaragna, BeGOLD por gue creemos en ella
Slide 3: Location
Location Limon Mine 100 km Mexico Belize Caribbean Sea Nicaragua Guatemala Honduras Pan American El Salvador Nicaragua Highway Limon Mine Pacific Ocean Managua Costa Rica Panama Lago de 1000 km Nicaragua 3
Slide 4: Limon Mine
Limon Mine CURRENT OPERATIONS In continuous operations since 1941 – over 3.0 million ounces of production Underground and open pit mechanized mine operation Based on average of 1,000 tonnes per day at an average grade of 4.78 g/t gold FUTURE OPPORTUNITIES Drilling to increase reserve and res
Slide 5: Historic Production
> Historic Production 8.000 E 620,000 & \ / Limén Area, Nicaragua - f / Property Geology Limén Concession f f 7 | : Ki; Limon Talavera 1, ‘ yates IAG a 0m oz = | SF Mill a rs o a ee / 1,408,000 N Legend | | =) = —, Trt 0 $ lo 1s 0 Kiloasctres ae Santa Pancha 71.2 m oz BeGOL_LD
Slide 6: Site Map
Site Map Helipad Tajo Sur Pit Santa Pancha U/G Talavera U/G Santa Rosa TSF 6
Slide 7: The Team
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Slide 8: Safety at Limon
Safety at Limon Frequency Index YTD-2010 is 9.9 Efforts to meet North American mining safety standards (MASHA) Permanent training to all workers (Five minutes safety talks) Active work led by Safety Committee composed by company staff and workers representatives. 8
Slide 9: Santa Pancha UG Mine
Santa Pancha UG Mine PITSTA PANCHA, LOOKING TO SOUTH WEST BeGOL_LD
Slide 10: Open Pits
Open Pits Close to surface Low cost 27% of ore supply 25K oz reserves Mining contractor 10
Slide 11: Triton Reserves / Resources as at December 31, 2009
Triton Reserves / Resources as at December 31, 2009 MINERAL RESERVES Contained Zone Tonnes Gold Grade (g/t) Gold Ounces LIMON (1) Proven 306,933 4.80 47,402 Probable 659,206 4.49 95,232 Total 966,139 4.59 142,634 MEASURED AND INDICATED MINERAL RESOURCES (EXCLUDES MINERAL RESERVES) Contained Zone Ton
Slide 12: El Limon Objectives
El Limon Objectives Labor relations Keep working with three unions and government authorities for operating stability. All negotiations with participation of all involved parties. Communication. Hot water below the underground workings Dewatering effort below the active mining areas Incr
Slide 13: Santa Pancha Potential Expansion
Santa Pancha Potential Expansion 13
Slide 14: Underground Mining
Underground Mining Extending the life of mine… Upgrade drainage for mine deepening New equipment Ventilation: a constant challenge 14
Slide 15: Open Pits
Open Pits Develop all the potential… 15
Slide 16: Plant Upgrade
Plant Upgrade SAG mill gear reversal in June 2009 Purchasing plan of spare for key components Increase process plant useful life Result is increased plant availability 16
Slide 17: Tailings Dam Expansion (Santa Rosa)
Tailings Dam Expansion (Santa Rosa) Increased existing tailings storage capacity by two and a half years Located upstream from existing pond Result is being able to postpone new tailings dam construction until Q1 2011 Phase 2 Completed in mid April 2010 US$530K investment Next: San Jose
Slide 18: Community Projects
Community Projects Agua por Vida – includes new pumps, replacement of 10 km distribution line, and distribution in the town of Limon. This project was completed in 2009 (from 2008 budget of $250,000) Transferred the titles for 88 homes to the workers of Limon Donated 50,000 school books to sch
Slide 19: Community Projects
Community Projects Kindergarten– First kindergarten in Rincon Garcia, Chinandega; a community located at 25 km from Limon. Project executed in agreement with local community. Eighty children will benefit from the project. Medical care - B2Gold provides medical care to urgent patients and people
Slide 20: Community Projects
Community Projects TODOS CON VOS PROGRAM– Government initiative to provide medical assistance to people with special needs. . TODOS CON VOS PROGRAM– B2Gold provided logistic support to Cuban-Nicaraguan Medical Brigades in all Leon municipalities. . 20
Slide 21: El Limon Social Responsibilities
El Limon Social Responsibilities 21
Slide 22: El Limon Environment Day
El Limon >» Environment Day se ys = = @ gh z= eS rer ‘l) \ ihe | ze IONAL = BieN
Slide 23: Contribution to the Economy from Limon
Contribution to the Economy from Limon Community Support Budget In 2009 B2Gold contributed US$721,500 In 2010 B2Gold has budgeted US$1,610,000 (50% funded by B2Gold) Contribution to the Economy In 2009, B2Gold injected in to the national economy US$11.8M which is equivalent to C$250,000,00
Slide 24: El Limon Mine
El Limon Mine 24