Slide 1: B2Gold Presentation August 2010
B2Gold Presentation August 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 – La Libertad Mine (previously called Orosi) and the Limon Mine B2Gold is pro
Slide 4: B2Gold Management Team
B2Gold Management Team Clive T. Johnson (President, CEO & Director) Clive Johnson leads 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 compani
Slide 5: Significant Accomplishments at Bema
Significant Accomplishments at Bema Built the company from inception in 1988 to a Cdn$3.5 billion takeover by Kinross Responsible for 3 world class gold discoveries; Refugio and Cerro Casale in Chile and Kupol in Russia Discovered 32.7 million ounces gold, 6 billion pounds copper and 56.3 mill
Slide 6: B2Gold Share Capital
B2Gold Share Capital Ownership Breakdown Million Shares (1) (% Basic) Total Shares Issued and Outstanding 311.5 Directors and Management (1) 50.7 16.3% AngloGold Ashanti 31.6 10.1% Warrants (2) 49.0 Non-Executive Officers, Directors & Employee 20.0 Stock Options Total Shares Fully Diluted 380.5 Mark
Slide 7: B2Gold Project Locations
B2Gold Project Locations © Bellavista Mine™ @ Radius JV ~.@ Calibre JV @ Production and Development Projects @ Exploration Projects > B2GOLD ,
Slide 8: 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 8
Slide 9: Mining in Nicaragua
Mining in Nicaragua Long mining history Largest country in Central America One of the safest countries in Central America Population 5.9 million (est. July 2009) Modern infrastructure Easily accessible Democratic Republic since 1990 Government supportive of foreign investment Fair
Slide 10: Nicaraguan Business Statistics- 2010
Nicaraguan Business Statistics- 2010 B2Gold have approximately 1,050 employees working at La Libertad Mine, Limon Mine and Managua – the 5th largest employer in Nicaragua B2Gold employees receive salary and benefits approximately 45% more the average national annual compensation B2Gold is proj
Slide 11: Mina La Libertad Inauguration
Mina La Libertad Inauguration 11
Slide 12: La Libertad Mine
La Libertad Mine (formerly Orosi Mine) Production commenced in January 2010 Economic completion February 1st 2010 Capital cost approximately US$70 million Open pit mine Converted from heap leach operations to conventional milling planned throughput 3,500 tonnes per day July average tonna
Slide 13: La Libertad Mine
La Libertad Mine BeGOL_LD
Slide 14: 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 15: Libertad - Potential Exploration Targets Defined by Historical Drilling
Libertad - Potential Exploration Targets Defined by Historical Drilling * * Indicates historical drilling from old long section 15
Slide 16: La Libertad 2010 Exploration Drilling Highlights
LA LIBERTAD 2010 Exploration Drilling Highlights Jabali Central Zone – 14 DDH Mojon Pit – 8 DDH JB10-007 - 4.1 g/t Au / 13.3m MJ10-001 - 2.1 g/t Au / 11.2m (Main) JB10-008 - 4.34 g/t Au / 11.5m MJ10-001 - 33.6 g/t Au / 6.0m (HW) JB10-010 - 3.52 g/t Au / 7.0m MJ10-002 - 2.54 g/t Au / 25.0m (Main) MJ1
Slide 17: 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 Projected to produce approximately 40,000oz of gold in 2010 at an approximate cash cost of approximately US$675/oz to US$685/oz On budg
Slide 18: Limon Concession
Limon Concession Babilonia : 0768 (5.5m @ 6.3 g/t Au) i 2 0775 (4.2m @ 4.6 g/t Au) va 3 0779 (1.4m @ 17.7 g/t Au) ) ( H Open To . ) Bablidiia Vain iy —"s Limon North Vein Babilonia Pit Talavera Vein System |, 7 ae SG i ag © ig bio oe , | ey = a Limon South Pit me oe Veta ‘mead: ad Limon South Vein Z
Slide 19: 2010 Limon Exploration
2010 Limon Exploration Proposed Exploration Surveys 2nd Half 2010 Red = magnetic surveys Blue = soil geochemistry Loma Sola Pitahaya Uval South 19
Slide 20: 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 21: 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 21
Slide 22: Gramalote Property
Gramalote Property B2Gold and AngloGold Ashanti recently reached an agreement to recommence exploration and feasibility Gramalote work at the Gramalote project 49% B2Gold – 51% AngloGold Ashanti Joint venture with AngloGold as manager of the project B2Gold will have equal representation on the
Slide 23: Gramalote Property
Gramalote Property 39,400 ha property located 80km NE of Medellin in Antioquia department B2Gold announced a NI 43-101 compliant inferred resource estimate for the Gramalote Ridge Zone of 74.4 Mt grading 1.0 g/t gold for a total of 2.39 million ounces of gold (100% basis) based on 34,500 m of dr
Slide 24: Bellavista Project
Bellavista Project (Costa Rica) Built as heap leach gold mine in 2005 Shut down on July 25, 2007 due to cracking in several areas on site Historical production approx. 3.1 million tons at a grade of 1.65 g/t containing 165,000 ounces of gold. Produced approx. 80,000 ounces of gold during thi
Slide 25: Bellavista Project
Bellavista Project (Costa Rica) Evaluating the potential of re-opening the mine using alternate technologies and have secured property for a potential tailing pond Proven and probable reserves of 314,000 ounces, measured and Indicated resources of 421,000 ounces Average grade of the reserves i
Slide 26: Radius Joint Venture (Trebol and Pavon)
Radius Joint Venture (Trebol and Pavon) Trebol concessions Mines Pavon concession 26
Slide 27: Trebol Regional Anomalies
Trebol Regional Anomalies Santa Marta 22 km long NE Trending Belt of Epithermal Hot Springs Style Gold Mineralization Santa Marta: area of highly anomalous gold in quartz boulders; new claim approved by the regional government April 2010 Trebol: 6km long rock chip and Trebol soil anomaly; only p
Slide 28: Calibre Joint Venture
Calibre Joint Venture Calibre JV Project Location Mines 28
Slide 29: Calibre Joint Venture
Calibre Joint Venture Focus of drilling - 2010 29
Slide 30: B2Gold 2010 Exploration Budgets
B2Gold 2010 Exploration Budgets PROJECT BUDGET Santa Pancha CSM ACQUISITION LA LIBERTAD $3,107,024 (12,000 m) EL LIMON $2,538,484 $1,280,817 (7,000 m) (7,800 m) LA INDIA $202,800 $5,848,308 $1,280,817 RADIUS JV TREBOL $1,813,833 (3,000 m) PAVON $231,355 $2,045,188 CALIBRE OPTION BOROSI $2,195,308 (6
Slide 31: Next 12 Months
Next 12 Months Continue to ramp up processing at La Libertad Mine to 5,500 tonnes per day by August 2010 Continue exploration on four Nicaraguan properties Evaluate the potential of amending permit and recommencing production at Bellavista Continue to advance the Gramalote property in Colomb
Slide 32: 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 32
Slide 33: B2Gold Reserves & Resources
B2Gold Reserves & Resources 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 LIBERTAD Probable 12,812,236 1.58 650,270 Total 12,812,236 1.58 650,270 Total Proven and Probable Mineral Reser
Slide 34: B2Gold Inferred Resources
B2Gold Inferred Resources INFERRED MINERAL RESOURCES Contained Zone Tonnes Gold Grade (g/t) Gold Ounces LIMON Mine (1) 1,740,533 4.18 233,781 Santa Pancha Deep 1,110,488 4.70 167,748 Total 2,851,021 4.38 401,529 LIBERTAD Mine Mojon, Crimea, Santa Maria 844,732 1.95 53,061 Spent Ore 3,053,083 0.70 68
Slide 35: B2Gold Board of Directors
B2Gold Board of Directors 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 was Non-Executive Chairman of Northern Orion Resources Inc.,
Slide 36: B2Gold Board of Directors cont.
B2Gold Board of Directors cont. Barry Rayment Dr. Barry Rayment is a mining geologist with 35 years experience in base and precious metal exploration and development. Dr. Rayment obtained his Ph.D. in Mining Geology at the Royal School of Mines, London. Formerly an exploration manager for Gold Fie