VANCOUVERHead Of�ce

NICARAGUA La Libertad

El Limon COLOMBIA Gramalote JV

MALI Fekola BURKINA FASO

Kiaka

NAMIBIA Otjikoto

THE PHILIPPINES Masbate

Producing Mine

Development ProjectMine Under Construction

ONE OF THE WORLD’S FASTEST-GROWING GOLD PRODUCERS

2016 E

900,000– 950,000

2018 E

365,000– 375,000

65,000 – 75,000

150,000– 160,000

175,000– 185,000

145,000– 155,000

El Limon,Nicaragua

La Libertad,Nicaragua

Masbate,The Philippines

Otjikoto,Namibia

Fekola,Mali

A – Actual E – Estimated. Based on current assumptions2012 A

108,935

157,885

48,950

366,313

138,726

58,191

169,396

2013 A

186,195

149,763

2014 A

384,003

48,045

2015 A

493,265

52,264

145,723

175,803

119,475

535,000 – 575,000

160,000– 170,000

200,000– 210,000

125,000– 135,000

50,000 – 60,000

2017 E

520,000– 570,000

55,000 – 65,000

160,000– 170,000

170,000– 180,000

120,000– 130,000

15,000 – 25,000

Headquartered in Vancouver, Canada, B2Gold Corp. is one of the fastest-growing intermediate gold producers in the world. Founded in 2007, today, B2Gold has four operating mines, one mine under construction and numerous exploration projects in various countries, including Nicaragua, the Philippines, Namibia, Mali and Burkina Faso.

Construction of B2Gold’s Fekola mine in southwest Mali is on budget and on schedule, and is projected to commence production in Q4 2017.

OUR MISSION IS TO CONTINUE GROWING A PROFITABLE AND RESPONSIBLE LOW-COST GOLD PRODUCER THROUGH ACCRETIVE ACQUISITIONS AND EXPLORATION, IRRESPECTIVE OF THE GOLD PRICE

TSX: BTO | NYSE MKT: BTG | NSX: B2G | www.b2gold.com

2016 FORECAST RECORD-LOW:

Cash operating costs*: $500 - $535/oz All-in sustaining costs (AISC)*: $780 - $810/oz(*) Non-IFRS measures. See Non-IFRS measures on page 4

FULLY-FUNDED GROWTH:

Utilizing operating cash flow and innovative financings to fund Fekola construction without the need for equity: Fekola mine scheduled to commence production in Q4 2017

EXPLORATION AND DEVELOPMENT UPSIDE

Hartmann’s zebra, B2Gold Game Farm, Namibia

0

50

100

150

200

250

300

350

Jan2016

Feb2016

Mar2016

Apr2016

May2016

Jun2016

Jul2016

Aug2016

Sep2016

Oct2016

Nov2016

Dec2016

Jan2017

BTO CN EquitySPTSGD Index

News Release:Final Fekola

Construction Financing (March 15, 2016)

Year Low of C$0.90 (January 25, 2016)

Year High of C$4.65 (August 10, 2016)

247

152

C$3.56 C$204.61

LAST PRICE

(26%)

(17%)

(2%) (0%)

1% 2% 4%

12%

28%

55%

63%

87%

Eldorado

Goldcorp

KinrossAcacia

NorthernStar

IAMGOLD AgnicoEagle

Yamana Detour Centerra Endeavour B2Gold

WHY INVEST IN B2GOLD?

PEERS AND PERFORMANCE

B2Gold outperforms its peers with a projected production growth profile of 87% from 2012 A to 2018 E

Source: (as of November 2016) 2015 A & 2018 E per public disclosure (latest MD&A) 2018 E production per Street Research Consensus for B2Gold peersPeers defined as 2015 A Au production of >500 kozCredit: Canaccord Genuity

Source: Bloomberg (as at January 6, 2017). Prices shown are closing pricesCredit: Canaccord Genuity

B2Gold’s share price is up 147% since the start of 2016 versus the S&P TSX Gold index which is only up 52%

PROVEN MANAGEMENT TEAM: ABILITY TO DISCOVER, FINANCE, BUILD AND OPERATE MINES ACROSS MULTIPLE JURISDICTIONS

EXECUTIVES

Clive Johnson, President & CEO

Roger Richer, EVP, General Counsel & Secretary

Mike Cinnamond, SVP Finance & CFO

Bill Lytle, SVP Operations

Tom Garagan, SVP Exploration

Dennis Stansbury, SVP Engineering & Project Evaluations

Ian MacLean, VP Investor Relations

Dale Craig, VP Operations

Hugh MacKinnon, VP Geology

Brian Scott, VP Geology & Technical Services

John Rajala, VP Metallurgy

Eduard Bartz, VP Taxation & External Reporting

DIRECTORS

Robert Cross, Chairman

Clive Johnson

Robert Gayton

Jerry Korpan

Barry Rayment

Bongani Mtshisi

Kevin Bullock

George Johnson

WHY INVEST IN B2GOLD?

SHARE CAPITALOwnership Breakdown Number of Shares(1)

Total Shares Issued and Outstanding 964,796,786

Directors and Management 22,698,557

Stock Options 47,783,317

Restricted Shares Units 1,236,209

Total Shares Diluted(2) 1,013,816,312

Market Capitalization (Basic)(3) C$3,550,452,172

Market Capitalization (Fully Diluted)(4) C$3,730,844,028

Share Price C$3.68

(1) Approximate figures are as of January 5, 2017(2) Does not include any assumed conversion of the Company’s convertible senior subordinated notes(3) Based on the shares currently issued x the closing price of B2Gold shares of C$3.68 per share on January 5, 2017(4) Based on the fully diluted shares x the closing price of B2Gold shares of C$3.68 per share on January 5, 2017

Utilizing operating cash flow and innovative financings to fund Fekola construction without the need for equity

Strong Financial and Cash Position

• Cash at end of Q3 2016 approximately $124 million

Revolving Credit Facility (RCF)

• RCF for an aggregate of $350 million ($150 million drawn at September 30, 2016)

• Accordion Feature allows for an increase of $100 million to $450 million, upon receipt of additional binding commitments

Gold Prepayment Arrangements

• $120 million in Prepaid Sales arrangements

• In 2017, B2Gold will be required to deliver approximately 51,600 oz or 9% of projected production

• In 2018, B2Gold will be required to deliver approximately 51,600 oz or 6% of projected production

Fekola Equipment Facility

• Euro 71.4 million Equipment Facility with Caterpillar Financial, subject to financing conditions

At-The-Market (ATM) Offering*

• Up to $100 million At-The-Market financing approved (approximately 47% completed by December 2016)

FULLY-FUNDED GROWTH Q3 2016

• Record quarterly consolidated gold production of 146,686 oz

• Record-low quarterly consolidated cash operating costs of $491/oz of gold ($73/oz lower than budget)

• Consolidated AISC of $702/oz of gold ($134/oz lower than budget)

• Cash flow from operating activities of $90.3 million ($0.10 per share)

YEAR-TO-DATE (YTD)(1) 2016:

• Record YTD consolidated gold production of 409,772 oz

• Record YTD consolidated cash operating costs of $495/oz of gold ($86/oz lower than budget)

• Consolidated AISC of $765/oz of gold ($195/oz lower than budget)

• Cash flow from operating activities of $329.5 million ($0.35 per share), including $120 million proceeds from Prepaid Sales arrangements

(1) As at September 30, 2016

0

50

100

150

200

250

300

350

Jan2016

Feb2016

Mar2016

Apr2016

May2016

Jun2016

Jul2016

Aug2016

Sep2016

Oct2016

Nov2016

Dec2016

Jan2017

BTO CN EquitySPTSGD Index

News Release:Final Fekola

Construction Financing (March 15, 2016)

Year Low of C$0.90 (January 25, 2016)

Year High of C$4.65 (August 10, 2016)

247

152

C$3.56 C$204.61

LAST PRICE

(26%)

(17%)

(2%) (0%)

1% 2% 4%

12%

28%

55%

63%

87%

Eldorado

Goldcorp

KinrossAcacia

NorthernStar

IAMGOLD AgnicoEagle

Yamana Detour Centerra Endeavour B2Gold

BUILDING SHAREHOLDER VALUE: Optimize gold production and exploration / development upside at existing mines | Complete Fekola mine construction in Mali | Advance existing development projects | Maintain strong cash position | Continue to minimize share dilution | Pursue accretive acquisitions | Stay on course for growth

Progressive rehabilitation program, Masbate Gold Project, Masbate Mine, Philippines Education assistance program, Masbate Gold Project, Philippines

EMBRACING A NEW MINING CULTURE. AT THE FOREFRONT OF RESPONSIBLE MINING

GOLD PRODUCTIONMasbate mine, The Philippines:

• Q3 2016 gold production was 47,676 oz at cash operating costs of $466 / oz, and AISC of $650 / oz

• YTD 2016 gold production was 157,591 oz at YTD record-low cash operating costs of $437 / oz, and AISC of $612 / oz

• Forecast Full-Year (FY) 2016 gold production is 200,000 - 210,000 oz at cash operating costs of $465 - $505 / oz and AISC of $680 - $720 / oz

Otjikoto mine, Namibia:

• Q3 2016 gold production was a record 47,564 oz at record cash operating costs of $344/oz, and AISC of $474 / oz

• YTD 2016 gold production was 119,439 oz at YTD record-low cash operating costs of $368/oz, and AISC of $611 / oz

• Forecast FY 2016 gold production is 160,000 - 170,000 oz at cash operating costs of $365 - $405 / oz and AISC of $600 - $640 / oz

La Libertad mine, Nicaragua:

• Q3 2016 gold production was 37,261 oz at cash operating costs of $637 / oz, and AISC of $788 / oz

• YTD 2016 gold production was 97,266 oz at cash operating costs of $658/oz and AISC of $913 / oz

• Forecast FY 2016 gold production is 125,000 - 135,000 oz at cash operating costs of $650 - $680 / oz and AISC of $900 - $940 / oz

El Limon mine, Nicaragua:

• Q3 2016 gold production was 14,185 oz at cash operating costs of $682 / oz, and AISC of $1,067 / oz

• YTD 2016 gold production was 35,476 oz at cash operating costs of $725 / oz and AISC of $1,101 / oz

• Forecast FY 2016 gold production is 50,000 - 60,000 oz at cash operating costs of $690 - $730 / oz and AISC of $1,060 - $1,100 / oz

Fekola mine construction, Mali:

• On budget and on schedule to commence production in Q4 2017

EXPLORATION AND DEVELOPMENT UPSIDEFekola project, Mali:

• Ongoing results demonstrate the potential for the Fekola area to host additional zones of open-pittable gold mineralization, similar to the Fekola deposit, as well as significant zones of saprolite-hosted gold mineralization (e.g. the Anaconda zone)

• Internal studies are currently underway to determine whether the new discoveries contain sufficient mineralization to supplement the Fekola project or if they constitute a viable, standalone project(4)

• Deeper drilling down plunge of the Fekola deposit has returned positive results that indicate the potential for future underground mining

Kiaka project, Burkina Faso:

• Positive exploration results at the new Toega prospects indicate the presence of new, potentially higher grade mineralized zones in the Kiaka area: this could have a positive effect on project economics

• B2Gold expects to complete updated aspects of the Kiaka feasibility study, potentially including Toega, by late 2017

• Next step: To look at the potential to include the Toega project with the Kiaka project

(1) Based on the original optimised feasibility study. For additional details regarding the optimised feasibility study, please refer to B2Gold’s corporate profile on www.sedar.com or the Company’s website at www.b2gold.com(2) Million tonnes per annum(3) Based on current assumptions. Updated life-of-mine plan based on 5 mtpa is expected to be completed in Q1 2017(4) Maiden resource for the Anaconda zone is expected by Q1 2017

B2GOLD PROJECT PROFILE

• Open-pit gold mine with average annual gold production for years 1-7 of 350,000 oz / y at cash operating costs of $418 / oz (based on low-grade stockpiling in the initial years of operation)(1)

• Fekola is being constructed with a +25% design factor. This will allow throughput capacity to be increased to 5 mtpa(2), beyond the optimized feasibility study’s estimated throughput of 4 mtpa

• Mill capacity expansion could potentially increase annual gold production by up to 20% (subject to mine planning)(3)

B2Gold Corp. Suite 3100, 595 Burrard Street, PO BOX 49143, Vancouver, BC, Canada, V7X 1J1Tel: 604-681-8371 • Toll Free: 1-800-316-8855 • Fax: 604-681-6209Email: investor@b2gold.com • Investor Relations Contact: Ian MacLean, VP Investor Relations • Katie Bromley, IR & PR Manager

TSX: BTO NYSE MKT: BTG

NSX: B2G

Cautionary Statement: This corporate factsheet 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; projected operating and production costs; and statements regarding anticipated exploration, development, construction, production and other future activities of B2Gold, including: the development and production from Fekola in Q4 2017 and Fekola being on schedule, on budget and fully funded; the potential throughput at Fekola of up to 5 mtpa and the potential to increase estimated production; updating the Fekola life-of-mine plan in Q1 2017; the potential for underground mining at Fekola; completion of a resource estimate for the Anaconda zone in Q1 2017; updating the Kiaka project feasibility study, potentially including Toega, by late-2017; planned exploration at Fekola and Kiaka and the results thereof and the potential identification of new mineralization or discoveries there; the delivery of ounces under prepaid sales arrangements; the adequacy of capital for continued operations; and the satisfaction of financing conditions under the Equipment Facility with Caterpillar. All statements in this corporate factsheet 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, 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.Non-IFRS Measures: This corporate factsheet 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” and “all-in sustaining costs” (or “AISC”). 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 B2GoldCorp. discussed herein. All amounts in this presentation are expressed in United States dollars, unless otherwise stated. THIS CORPORATE FACTSHEET IS NOT INTENDED AS, AND DOES NOT CONSTITUTE, AN OFFER TO SELL SECURITIES OF THE COMPANY.