B2Gold Responds to News Regarding New Mali Mining Code

B2Gold Corp. (TSX:BTO.TO) (NYSE AMERICAN: BTG) (NSX:B2G) ("B2Gold" or the "Company") would like to address certain erroneous media reports from Mali regarding the development of a new mining code and reconfirm the Company's legal standing pertaining to the Fekola Mine under the 2012 Mali Mining Code. Statements attributed to a Government Minister at a recent joint news conference with the International Monetary Fund suggested that if compromises with mining companies are not achieved, amendments to the mining code may be unilaterally implemented. The full details of any proposed new mining code and the timing for its implementation are not known at this time. Government officials have advised the Company that the Minister's comments were taken out of context in such news report and should not be applied to all mining operations in Mali.

B2Gold's interest in its Fekola Mine in Mali is governed by a finalized and enforceable mining convention (as amended) with the State of Mali that includes stabilization provisions which provide that the Fekola Mine is subject to the Mali Mining Code (2012) for the duration of its operations and subsequent amendments to the Mali Mining Code are not applicable to it. As a result of these provisions, the Company believes its interests in Fekola are protected and that any contemplated amendments in a new mining code will not apply to Fekola without B2Gold's agreement. No Malian government representative has informed any B2Gold representatives in Mali or elsewhere that the government does not agree with the Company's position. B2Gold has developed an excellent relationship over the last three years with the Government of Mali. All negotiations between the Company's senior representatives and the Malian Government Ministries have been conducted and concluded in an environment of mutual fairness, respect and transparency.

As previously disclosed, including in our recent Management's Discussion & Analysis for the year ended December 31, 2017, in August 2017, the Company finalized certain other agreements with the State of Mali including a shareholders' agreement for Fekola S.A., the holder of the Fekola Mine, and a share purchase agreement for the purchase by the State of Mali of an additional 10% participating interest in Fekola. These agreements have been signed by the relevant Malian government ministers and approved by the Malian Council of Ministers and are now subject only to final ratification by the Mali National Assembly, which is now expected at their next scheduled sitting in April 2018. Upon such ratification, the Company will transfer ownership of 20% of Fekola SA to the State of Mali.

About B2Gold

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 Nicaragua, the Philippines, Namibia, Mali, Burkina Faso, Colombia and Finland.

B2Gold is well positioned in achieving transformational growth in 2018. With the planned first full year of production from the large, low-cost Fekola Mine in southwest Mali, consolidated gold production is forecast to be between 910,000 and 950,000 ounces. This represents an increase in annual consolidated gold production of approximately 300,000 ounces in 2018 versus 2017. B2Gold's forecast consolidated cash operating costs are expected to remain low in 2018 (between $505 and $550 per ounce) and all-in sustaining costs are expected to decrease by approximately 6% versus 2017 (between $780 and $830 per ounce).

ON BEHALF OF B2GOLD CORP.

"Clive T. Johnson"President and Chief Executive Officer