About B2Gold

Symbol: TSX-BTO, OTCQX-BGLPF

B2Gold Corp. is a Vancouver based gold producer with two mines in Nicaragua and a strong portfolio of development and exploration assets in Nicaragua, Colombia and Uruguay. B2Gold was founded in 2007 by the former executive and management team of Bema Gold Corporation. Bema grew from a junior explorer to an international gold producer that was acquired by Kinross Gold Corporation through a Cdn$3.5 billion transaction in February 2007. In addition to its near term production growth profile, B2Gold’s corporate objective is to build further shareholder value through the exploration and development of existing projects and additional accretive acquisitions, capitalizing on the extensive experience and relationships that management has developed over the past 25 years. B2Gold trades on the Toronto Stock Exchange under the symbol “BTO” and on the OTCXQ under the symbol “BGLPF”. more about B2Gold

Update on B2Gold / Auryx Gold Business Combination

Auryx Obtains Shareholder Approval for Plan of Arrangement

Auryx Gold obtained overwhelming shareholder approval for the proposed arrangement between Auryx and B2Gold Corp. previously announced on October 11, 2011 and November 10, 2011.

The annual and special meeting of holders was held on December 15, 2011 to pass a special resolution approving the Arrangement between Auryx and B2Gold. The Arrangement had to be approved by at least 66 2/3 % of the votes cast by Auryx Shareholders. Approximately 99.98% of the votes cast by Auryx Shareholders were in favour of the special resolution approving the Arrangement.

The Arrangement remains subject to receipt of all requisite regulatory approvals. The Arrangement is expected to be completed on or before December 31, 2011.

On completion of the Arrangement, Auryx will become a wholly-owned subsidiary of B2Gold. Under the
terms of the Arrangement, it is expected that on a in the money fully diluted basis Auryx shareholders will
receive as consideration, shares representing approximately 10.5% of B2Gold’s issued and outstanding
shares following closing. Upon closing of the transaction B2Gold will issue 37.2 million shares in
exchange for Auryx shares.

The combination of B2Gold and Auryx will result in B2Gold acquiring a 92% interest in the Otjikoto gold
project in Namibia and a 100% interest in two additional exploration projects in Namibia. The Otjikoto
gold project has forecast life of mine annual production of approximately 100,000 ounces of gold based
on a Preliminary Economic Assessment released by Auryx in September 2011 with significant exploration
upside. B2Gold is well placed to progress development at the Otjikoto gold project given its strong cash
position, funding capacity and a management and technical team with significant mine development and
operating experience.

Please click here for the complete press release.

B2Gold Corp. Holds First Ever Community Mine Fair at La Libertad Mine in Nicaragua

B2Gold held an unprecedented event for a local population with strong mining traditions in the department of Chontales, Nicaragua: the First La Libertad Mine Community Fair. For two days, visitors had an opportunity to learn up close about the gold exploration and mining processes carried out by the company.

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