Slide 1: B2Gold Corp. March 2010
B2Gold Corp. March 2010 12 1
Slide 2: Cautionary Statement
Cautionary Statement Some of the statements contained in this presentation are forward-looking statements, such as estimates and statements that describe the Company's future plans, objectives or goals, including words to the effect that the Company or management expects a stated condition or result
Slide 3: About B2Gold Corp.
About B2Gold Corp. B2Gold is a Vancouver based gold producer founded as a private company in 2007 by the former executives and management team of Bema Gold Corporation The Company has two producing mines in Nicaragua – the La Libertad Mine (previously called Orosi) and the Limon Mine B2Gold is
Slide 4: B2Gold Share Capital
B2Gold Share Capital Ownership Breakdown Million Shares (1) (% Basic) Total Shares Issued and Outstanding 308.4 Directors, Management, Employees (1) 56.7 18.4% AngloGold Ashanti 31.6 10.2% Kinross 12.7 4.1% Warrants (2) 52.1 Non-Executive Officers, Directors & Employee 22.6 Stock Options Total Share
Slide 5: B2Gold Project Locations
B2Gold Project Locations 4 —_ a. QVancouver 4 J r= ® Calibre JV p” @ Radius JV '@ Gramalote [a 7 @ Quebradona [> ®@ Mocoa / @ Production and Development Projects @ Exploration Projects Far East Russian Project @ Kupol East & West
Slide 6: Mining in Nicaragua
Mining in Nicaragua Long mining history Largest country in Central America Population 5.8 million (est. July 2008) Modern infrastructure Easily accessible Democratic Republic since 1990 Government supportive of foreign investment Fair tax regime Strong Mining Law Under-explored
Slide 7: Nicaragua Project Locations
Nicaragua Project Locations North America TREBOL CALIBRE JV Nicaragua NATIVIDAD (PAVON) LIMON MINE MESTIZA PROJECT LA LIBERTAD Central America Managua Office MINE EXPLORATION - MINING South America EXPLORATION CALIBRE JV RADIUS JV 7
Slide 8: La Libertad Mine
La Libertad Mine (formerly Orosi Mine) Production commenced in January 2010 Open pit mine Converted from heap leach operations to conventional milling planned throughput 3,500 tonnes per day Mill ramp up ahead of schedule February average tonnage approximately 3,900 tonnes of ore per day
Slide 9: La Libertad – Historical Drilling and B2Gold Mapping and Sampling
La Libertad – Historical Drilling and B2Gold Mapping and Sampling 9
Slide 10: La Libertad – Crimea Potential Below Design Pit
La Libertad – Crimea Potential Below Design Pit ($625 Au) Probable Indicated Inferred CRIMEA KTonnes Grade (g/t) Oz Au CRIMEA KTonnes Grade (g/t) Oz Au KTonnes Grade (g/t) Oz Au 2,210 1.98 140,500 1,629 1.56 81,900 147 1.65 7,800 • 0.72 g/t Au cut off grade • 0.56 g/t Au cut off grade • $625/oz Au •
Slide 11: Community Projects – La Libertad
Community Projects – La Libertad Agua por Vida – new 112,000 gal. storage tank, replacement of asbestos delivery system, distribution to 456 homes, flow meters. Power Line ($7.2M) to be handed over to the Govt of Nicaragua at the end of the mine operation which will give Nicaragua new capacity f
Slide 12: Limon Mine
Limon Mine In continuous operations since 1941 – over 3.0 million ounces of production Underground and open pit mechanized mine operation Projected average annual production of approx. 40,000 oz of gold at a cash cost of approx. US$550 per oz Based on average of 1,000 tonnes per day at an av
Slide 13: Limon Concession
Limon Concession (Previous Drill Holes) 13
Slide 14: Community Projects - Limon
Community Projects - Limon 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 Nutrition for children pro
Slide 15: Bellavista Project
Bellavista Project (Costa Rica) Built as heap leach gold mine in 2006 Shut down in July 2007 due to cracking in several areas of the leach pads Rinsing of heap began immediately and landslide occurred in October 2007 Now in care and maintenance Have implemented 90% of the Bellavista mitiga
Slide 16: Colombia
Colombia BeGOL_LD 16
Slide 17: Colombia Regional Map
Colombia Regional Map Project Locations and Area of JV I nterest Area of JV Interest B2Gold Projects AGA Projects Greystar Resources AGA-Mineros Segovia JV 17
Slide 18: Gramalote Property
Gramalote Property Joint venture with AngloGold Ashanti (51% B2Gold - 49% AngloGold Ashanti) with B2Gold as operator and Gramalote required to fund to feasibility to retain its 51% B2Gold completed a 30,189 m (90 holes) diamond drill program in 2008 B2Gold announced a NI 43-101 compliant infer
Slide 19: Kupol East and West Joint Venture
Kupol East and West Joint Venture Kupol East and West surrounds the Kupol mine in Far East Russia Bema was developing the Kupol mine at the time of the Kinross transaction B2Gold has the right to acquire one half of Kinross’s approximate 75% indirect interest Resulting interest – Kinross 37.
Slide 20: Next 12 Months
Next 12 Months Complete installation and commissioning of second ball mill at La Libertad Continued exploration on four Nicaraguan properties Evaluate the potential of amending permit and recommencing production at Bellavista Continue to advance the Gramalote property in Colombia Follow up
Slide 21: Contact Information
Contact Information B2Gold Corp. 3100 - 595 Burrard Street Vancouver, BC Canada, V7X 1J1 Phone: 604-681-8371 Toll Free: 1-800-316-8855 Fax: 604-681-6209 Email: investor@b2gold.com Website: www.b2gold.com 21