ACQUIRE DISCOVER BUILD FINANCE OPERATE

ACQUIRE DISCOVER BUILD FINANCE OPERATE THE WORLD S NEW SENIOR GOLD PRODUCER TSX: BTO NYSE AMERICAN: BTG NSX: B2G WWW.B2GOLD.COM

Headquartered in Vancouver, Canada, B2Gold Corp. is the world s new senior gold producer. Founded in 2007, today, B2Gold has five operating gold mines and numerous exploration and development projects in various countries including, the Philippines, Namibia,, Burkina Faso, Colombia and Finland. INCREASING PRODUCTION, DECREASING ALL-IN SUSTAINING COSTS ( AISC ) 1 Fekola Mine, Otjikoto Mine, Namibia Masbate Mine, The Philippines La Libertad Mine, El Limon Mine, Consolidated AISC (/oz) 1. See Non-IFRS Measures on page 8 2. Includes 79,243 oz of pre-commercial production from the Fekola Mine A Actual E Estimated: Based on current assumptions $1,091 157,885 108,935 48,950 2012 A $1,064 366,313 169,396 138,726 58,191 2013 A $1,101 384,003 186,195 149,763 48,045 2014 A $947 493,265 145,723 175,803 119,475 52,264 2015 A $794 550,423 166,285 206,224 132,431 45,483 2016 A Annual Gold Production Growth (oz) 950,000 1,000,000 $940 $970 E approx. $800 E $780 $830 E 630,565 2 111,450 2 191,534 202,468 82,337 42,776 2017 A 910,000 950,000 400,000 410,000 160,000 170,000 180,000 190,000 115,000 120,000 55,000 60,000 2018 E 400,000 410,000 165,000 175,000 180,000 190,000 145,000 155,000 60,000 70,000 2019 E Consolidated Gold Production & Costs 2017: Record annual gold production (9th consecutive year): 630,565 oz 1 Costs 2 are forecast to be at, or below, the lower end of guidance range: Cash operating costs 3 : $610 $650/oz AISC: $940 $970/oz Gold revenue of $638.7 M (or an annual record of $739.5 M, including $100.9 M of pre-commercial sales from the Fekola Mine) Consolidated Gold Production & Cost Guidance 2018: Gold production guidance: 910 Koz 950 Koz (300 Koz increase over 2017) Cash operating costs guidance: $505 $550/oz AISC guidance: $780 $830/oz (15% decrease compared to 2017) Projecting a dramatic increase in revenues, cash from operations and free cash flows 3/4 vs. 2017 Average revenues and cash flows over the next 3 years 5 : Projected per annum gold sales revenues: approx. $1.2 B Projected cash flow from operations: approx. $0.5 B (vs. approx. $160 M in 2017) 6 Solid current financial and cash position 1. Includes 79,243 oz of pre-commercial production from the Fekola Mine 2. Final cash operating costs and AISC to be reported on March 15, 2018 3. Non-IFRS Measures. See Non-IFRS Measures on page 8 4. Free cash flow = operating cash flow less investing cash flow 5. Based on current assumptions, including a $1,300/oz gold price 6. Based on current assumptions. In accordance with IFRS, revenues and expenses related to Fekola pre-commercial production will be netted off against investing cash flows and are not reported as operating cash flows B2GOLD VS. PEERS Projected Production Growth Profile B2Gold outperforms its peers with production growth of 69% from 2016 A to 2018 E (55%) Eldorado (45%) Acacia (25%) Yamana (13%) Goldcorp (8%) (7%) Agnico Kinross Eagle 8% 14% 16% 32% 47% 69% IAMGOLD Centerra Detour Endeavour New Gold B2Gold PROVEN MANAGEMENT & TECHNICAL TEAMS Former management and technical teams of Bema Gold Corporation Proven history of acquiring, discovering, financing, building and operating profitable gold mines around the world Track record of building shareholder value Highly experienced in-house technical, operational, project due diligence, development and construction teams Strong commitment to the highest standards of employee health and safety, environmental best practice and corporate social responsibility Successfully constructed 5 mines on budget and on schedule: 2001 Julietta Mine, Russia (Bema Gold) 2007 Kupol Mine, Russia (Bema Gold) 2010 La Libertad Mine, Credit: Canaccord Genuity (February 21, 2018) Source: 2016 A & 2018 E per public disclosure Centerra 2018 E per street research, as no guidance yet provided Peers defined as 2016 A gold production of >500 Koz and selected senior producers 2 3 2014 Otjikoto Mine, Namibia 2017 Fekola Mine,

MALI FEKOLA B2GOLD MINE LOCATIONS: NAMIBIA OTJIKOTO EL LIMON Q4 2017 gold production: 105,110 oz 1 Total 2017 gold production: 111,450 oz 2 (original guidance: 45 Koz 55 Koz) 2018 gold production guidance: 400 Koz 410 Koz $345 $390/oz 2018 AISC guidance: $575 $625/oz Years 1 3 gold production: 400 Koz Years 1 3 cash operating costs: $357/oz Years 1 3 AISC: $604/oz Initial 10-year LoM 3 gold production: 345 Koz 2017 Production & Costs, 2018 Guidance Producing Mine Development Project Q4 2017 gold production: 52,446 oz (approx. 10% above budget) FY 2017 record gold production: 191,534 oz (approx. 6% above budget) FY 2017 costs are forecast to be at, or below, the lower end of guidance range: Cash operating costs: $480 $520/oz AISC: $725 $765/oz 2018 gold production guidance: 160 Koz 170 Koz $480 $525/oz Q4 2017 gold production: 15,082 oz FY 2017 gold production: 42,776 oz FY 2017 cash operating costs guidance: $815 $855/oz FY 2017 AISC guidance: $1,415 $1,455/oz 2018 gold production guidance: 55 Koz 60 Koz $700 $750/oz 2018 AISC guidance: $1,135 $1,185/oz Initial 10-year LoM cash operating costs: $428/oz 2018 AISC guidance: $700 $750/oz Initial 10-year LoM AISC: $664/oz VANCOUVER Head Office THE PHILIPPINES MASBATE La Libertad El Limon MALI Fekola COLOMBIA Gramalote JV BURKINA FASO Kiaka THE PHILIPPINES Masbate LA LIBERTAD Gold pour in progress in Otjikoto s gold room, Otjikoto Mine, Namibia Q4 2017 gold production: 53,419 oz (approx. 24% above budget) FY 2017 gold production: 202,468 oz (approx. 9% above budget) FY 2017 costs are forecast to be at, or below, the lower end of guidance range: NAMIBIA Otjikoto Q4 2017 gold production: 14,696 oz FY 2017 gold production: 82,337 oz FY 2017 cash operating costs guidance: $795 $835/oz FY 2017 AISC guidance: $1,075 $1,115/oz Cash operating costs: $595 $635/oz 2018 gold production guidance: 115 Koz 120 Koz AISC: $935 $975/oz 2018 gold production guidance: 180 Koz 190 Koz $675 $720/oz 2018 AISC guidance: $875 $925/oz 1. Includes 72,903 oz of pre-commercial production from Fekola 2. Includes 79,243 oz of pre-commercial production from Fekola 3. LoM = life of mine $745 $790/oz 2018 AISC guidance: $1,050 $1,100/oz Heavy Equipment Operator, El Limon Mine, 4 5

PATHWAY TO CONTINUED GROWTH Fekola Mine Construction (2017) Exploration & Development in 2018 Ore processing commenced on September 24, 2017, more than 3 months ahead of the original construction schedule and on budget First gold pour was on October 7, 2017 Commercial production was achieved on November 30, 2017, 1 month ahead of the revised schedule and 4 months ahead of the original schedule Fekola Mine Area Exploration Exploration budget: approx. $7.5 M Drilling is ongoing within the Fekola resource pit boundary to convert Inferred Resources to Indicated in order to confirm the potential addition of 900 Koz of gold Previous drilling on the Fekola North Extension has confirmed good grade mineralization 600 m north of the Fekola pit boundary Fekola Regional Area Exploration Exploration budget of approx. $7.5 M B2Gold s exploration team believes that the Fekola Regional Area has the potential to host additional large Fekola-style gold deposits The initial Inferred Mineral Resource estimate for the Anaconda-Adder zone is 21.59 Mt 2 at 1.11 g/t 3 gold for 767 Koz 4 1. Mtpa = Million tonnes per annum 2. Mt = Million tonnes Throughput for the Fekola gold plant was originally designed at 4 Mtpa 1 with a +25% design capacity Due to initial exploration success and potential for growth, the Fekola plant was expanded to 5 Mtpa during the construction phase Ongoing drilling at the Fekola North Extension to continue to extend the potential mineralization to the north Additional infill and exploration drilling results will be released in FH 2018 Recent drilling confirmed and extended the saprolite Inferred Resource, and has discovered three well-mineralized bedrock (sulphide) zones beneath the Anaconda, Adder and Mamba shallow saprolite (weathered) Mineral Resource, which indicate the potential for large mineralized zones Drilling is ongoing to further test these bedrock zones results are expected in FH 2018 Burkina Faso Toega Project Kiaka Regional Exploration Exploration budget: approx. $9.14 M Newly-discovered, initial Inferred Mineral Resource of 17.5 Mt at an average grade of 2.01 g/t, containing 1,130,000 oz of gold Amenable to open-pit mining methods, $1,400/oz gold pit shell, estimated average gold recovery of 86.2% 1 The Toega mineralized zone is open to depth and along strike to the north. Recent drilling has intercepted a potential new, good grade, mineralized zone adjacent to Toega Drilling is ongoing to infill and determine the ultimate size of the Toega zone and further test the new mineralized zone El Limon Exploration & Development Exploration budget: approx. $7.04 M Newly-discovered, initial Inferred Mineral Resource for the Central zone of 5.1 Mt at an average grade of 4.92 g/t, containing 812 Koz of gold Amenable to open-pit mining methods, $1,400/oz gold pit shell, estimated average gold recovery of 83.8% 2 This large, good grade, new zone has the potential to decrease the El Limon Mine s cash operating costs and AISC/oz, dramatically increase the El Limon mine life and could lead to an expansion of the El Limon mill to a higher throughput rate, which could potentially double annual gold production Engineering studies are underway to determine the potential expansion of the El Limon mill results are expected in mid-2018 Mineralization remains open to depth and along strike to the north drilling is ongoing to extend the known mineralized zone and determine the ultimate size of the Central zone deposit La Libertad Exploration & Development Exploration budget: approx. $4.82 M Continue exploring for additional open-pit and underground targets Mining is expected to commence in the San Diego open pit upon receipt of its permit expected to be received in Q1 2018 The Philippines Masbate Exploration & Development Exploration budget: approx. $5.11 M Continue exploring near-mine targets and testing new areas Mill expansion is planned in 2018 to increase throughput from 6.8 Mtpa to 8 Mtpa expected to be online in early 2019 Expansion is expected to keep annual gold production near 200 Koz/y during the mining phase for at least 8 years, and above 100 Koz/y when the low-grade stockpiles are processed at the end of the project mine life for several years Namibia Otjikoto Exploration & Development Exploration budget: approx. $5.10 M Wolfshag resource remains open down-plunge, which may be exploitable in the future by underground mining drilling continues to test the down-plunge extension Design studies for Wolfshag, coupled with an updated resource model, indicate that a larger open pit (which is the Company s preferred option) will have similar positive economics to the underground option One of the key reasons for B2Gold s success is delivering on our promises with fairness, respect, transparency and accountability. Clive Johnson, President & CEO Significant progress has been made in resettlement and permitting activities at the 6 3. g/t = grams per tonne high-grade Jabali Antenna open pit gold production is scheduled to commence in 7 4. Released June 15, 2017. The estimate is reported within a series of pit 1. Based on preliminary metallurgical studies shells and above 0.35 g/t gold cutoff grade Q3 2018 2. Based on preliminary metallurgical studies using current mill parameters

B2GOLD: A HISTORY OF CREATING SHAREHOLDER VALUE Proven history of acquiring, discovering, financing, building & operating mines EXECUTIVES Clive Johnson:* President & CEO Roger Richer:* EVP, General Counsel & Secretary Mike Cinnamond: SVP Finance & CFO Ian MacLean:* VP Investor Relations Dale Craig: VP Operations Eduard Bartz:* VP Taxation & External Reporting $6.00 $4.80 Volume Price Feb 2018: Share Price: C$3.65 Mkt Cap: C$3.6B 60 48 Tom Garagan:* SVP Exploration Dennis Stansbury:* SVP Engineering & Project Evaluations Brian Scott:* VP Geology & Technical Services Hugh MacKinnon:* VP Geology Share Price (C$) $3.60 $2.40 $1.20 Jan 2009: Share Price: C$0.46 Mkt Cap: C$75M 693% Increase $0.00 Jan 09 Jul 09 Jan 10 Jul 10 Jan 11 Jul 11 Jan 12 Jul 12 Jan 13 Jul 13 Jan 14 Jul 14 Jan 15 Jul 15 Jan 16 Jul 16 Jan 17 Jul 17 Jan 18 Source: Canaccord Genuity Bloomberg Prices shown are closing prices 36 24 12 0 Volume (millions) Bill Lytle:* SVP Operations DIRECTORS Robert Cross, Chairman Clive Johnson Robert Gayton Jerry Korpan Bongani Mtshisi Kevin Bullock George Johnson Robin Weisman John Rajala:* VP Metallurgy Neil Reeder: VP Government Relations Bold initiatives, by definition, are done by the few, not by the many. Clive Johnson *Former management of Bema Gold Cautionary Statement: This corporate brochure includes certain forward-looking information and forward-looking statements (collectively forward-looking statements ) within the meaning of applicable securities legislation, including projections of future financial and operational performance; statements with respect to future events or future performance; production estimates and guidance, including the Company s consolidated and project-specific projected gold production in 2018 and 2019; projected operating and production costs, including consolidated and project-specific projected cash operating costs and AISC; projected increase in revenues, cash from operations and free cash flows; projected average revenues and cash flows over the next three years; and statements regarding anticipated budgets, exploration, development, construction, production and other future activities of B2Gold, including: the potential for extension of the main Fekola deposit to the north and for additional large Fekola-style deposits and mineralized zones; the potential for drilling to convert inferred resources to indicated and confirm the potential addition of 900,000 gold ounces at Fekola; release of additional drilling results at Fekola in FH 2018; the potential new good grade mineralized zone adjacent to Toega; La Libertad Mine s planned completion of resettlement activities and receipt of a permit in time to start production from the Jabali Antenna Pit in Q3 2018; receipt of a permit and expected commencement of mining at the San Diego Pit in Q1 2018; the potential to decrease cash operating costs and AISC and extend the current mine life at El Limon; the possible expansion of El Limon s mill and throughput; the expansion of the Masbate processing plant to 8 million tonnes per year and being online in early 2019, and the resulting expected annual production at Masbate of near 200,000 ounces per year during the mining phase for at least 8 years and above 100,000 ounces per year when low grade stockpiles are processed at the end of the mine life for several years; an open pit at Wolfshag having similar positive economics to the underground option; and Wolfshag resource being exploitable in the future by underground mining. Estimates of mineral resources and reserves are also forward-looking statements because they constitute projections regarding the amount of minerals that may be encountered in the future and/or the anticipated economics of production, should mining occur or a production decision be made. All statements in this corporate brochure that address events or developments that we expect to occur in the future are forward-looking statements and are based on the opinions and estimates of management as of the date such statements are made. Forward-looking statements necessarily involve assumptions, risks and uncertainties, certain of which are beyond B2Gold s control, which are identified and as described in detail under the heading Risk Factors in B2Gold s most recent Annual Information Form and B2Gold s other filings with Canadian securities regulators and the U.S. Securities and Exchange Commission ( SEC ), which may be viewed at www.sedar.com and www.sec.gov, respectively. There can be no assurance that such statements will prove to be accurate, and actual results, performance or achievements could differ materially. Accordingly, no assurance can be given that any events anticipated by the forward-looking statements will transpire or occur, or if any of them do, what benefits or liabilities B2Gold will derive therefrom. B2Gold s forward-looking statements speak only as of the date hereof and B2Gold does not assume any obligation to update forward-looking statements other than as required by applicable law. For the reasons set forth above, undue reliance should not be placed on forward-looking statements. Additionally, this corporate brochure uses certain terms, such as mineral resources and inferred mineral resources, that the SEC s guidelines strictly prohibit U.S. public companies from including in their filings. U.S. Investors are cautioned not to assume that any part of an inferred mineral resource or mineral resource will ever be converted into a mineral reserve under SEC standards. Inferred mineral resources have a great amount of uncertainty as to their existence and great uncertainty as to their economic and legal feasibility. It cannot be assumed that all or any part of an inferred mineral resource will ever be upgraded to a higher category. Accordingly, certain information contained or referenced in this corporate brochure containing descriptions of the Company s mineral deposits may not be compatible to similar information made public by U.S. companies subject to the reporting and disclosure requirements of U.S. federal securities laws, rules and regulations. Non-IFRS Measures: This corporate brochure includes certain terms or performance measures commonly used in the mining industry that are not defined under International Financial Reporting Standards ( IFRS ), including cash operating costs, all-in sustaining costs (or AISC ) and free cash flow. Non-IFRS measures do not have any standardized meaning prescribed under IFRS, and therefore they may not be comparable to similar measures employed by other companies. The data presented is intended to provide additional information and should not be considered in isolation or as a substitute for measures of performance prepared in accordance with IFRS and should be read in conjunction with B2Gold s consolidated financial statements. Readers should refer to B2Gold s management discussion and analysis, available under B2Gold s corporate profile at www.sedar.com or on its website at www.b2gold.com, under the heading Non-IFRS Measures for a more detailed discussion of how B2Gold calculates such measures and a reconciliation of certain measures to IFRS terms. Tom Garagan, Senior Vice President of Exploration, a Qualified Person as defined by National Instrument 43-101, has approved the scientific and technical information concerning B2Gold discussed herein. All amounts in this corporate brochure are expressed in United States dollars, unless otherwise stated. Production results and the Company s guidance presented in this corporate brochure reflect total production at the mines the Company operates on a 100% basis. THIS CORPORATE BROCHURE IS NOT INTENDED AS, AND DOES NOT CONSTITUTE, AN OFFER TO SELL SECURITIES OF THE COMPANY. B2Gold Corp. Suite 3100, 595 Burrard Street, PO BOX 49143, Vancouver, BC, Canada, V7X 1J1 Tel: 604-681-8371 Toll Free: 1-800-316-8855 Fax: 604-681-6209 Email: investor@b2gold.com Investor Relations Contact: Ian MacLean - VP, Investor Relations Katie Bromley - Manager, Investor Relations & Public Relations