B2Gold Announces Filing of Technical Report on the Fekola Project

VANCOUVER, BRITISH COLUMBIA--(Marketwired - July 24, 2015) - B2Gold Corp. (TSX:BTO)(NYSE MKT:BTG)(NAMIBIAN:B2G) ("B2Gold" or the "Company"), is pleased to announce that further to its news release dated June 11, 2015 announcing the results of an optimized Feasibility Study on the Company's Fekola Gold Project located in Mali, it has today filed a National Instrument 43-101 technical report entitled "B2Gold Corp NI 43-101 Technical Report Feasibility Study on the Fekola Gold Project in Mali" with an effective date of June 30, 2015 (the "Report"). The Report was prepared by Sandy Hunter, MAusIMM(CP), of Lycopodium Minerals Pty Ltd, David J.T. Morgan, PE, of Knight Piesold Pty Limited, and Tom Garagan, P.Geo, Ken D. Jones, PE, Bill Lytle, PE, and Peter D. Montano, PE, of B2Gold. There are no material differences between the mineral reserve and the mineral resource estimates announced in the June 11, 2015 news release from those contained in the Report.

Highlights of the optimized Feasibility Study include:

• An open pit gold mine with an initial production life of mine ("LOM") of 12.5 years based on the probable mineral reserves;
• Average annual gold production for years one through seven of 350,000 ounces per year at a $418 operating cash cost per ounce;
• Average annual LOM gold production of 276,000 ounces per year at an operating cash cost of $552 per ounce;
• New open pit probable mineral reserves of 49.2 million tonnes at a grade of 2.35 g/t gold containing 3.72 million ounces of gold at a stripping ratio of 4.5:1;
• Average LOM gold recovery of 92.8% resulting in a total of 3.45 million ounces produced over the 12.5 year LOM;
• Estimated pre-production capital cost of $395 million plus $67 million of equipment financing. This does not include approximately $30 million of early works, which were materially completed (on schedule) at the end of June 2015;
• At an indicated gold price of $1,300 and $1,200 per ounce, cumulative LOM pre-tax net cash-flow of $1.66 billion and $1.34 billion, respectively; and
• At an indicated gold price of $1,300 and $1,200 per ounce, a net present value pre-tax of $1.01 billion and $0.8 billion, respectively, at a 5% discount rate generating a pre-tax internal rate of return of 35% and 30%, respectively.

For additional details regarding the optimized Feasibility Study, please refer to the Report which may be found under B2Gold's corporate profile on SEDAR at www.sedar.com.