Mr. Clive Johnson reports

B2GOLD CORP.: EL LIMON MINE UPDATE

B2Gold Corp.'s operations at the El Limon mine in Nicaragua have halted as a result of an illegal blockade.

Since Sept. 28, 2015, access to the operation of the El Limon mine and process facility have been blocked by a small group of workers, community members and other persons not affiliated with the El Limon mine.

The illegal blockade commenced at the conclusion of a legal process instituted to dismiss three employees who were complicit in initiating prior illegal blockades. The dismissal was reviewed and sanctioned by the Ministry of Labour. The blockade has impeded access and increasingly threatened the safety of a significant majority of employees who want to continue working.

Several attempts to find a resolution have been made and are supported by the government, the company and two unions that represent the majority of workers at the El Limon mine. Attempts at peaceful solutions have not been successful so far, and the operation, community and majority of workers are now exposed to the consequence of aggressive illegal action imposed by a small number of individuals. The company continues to work with the government and the two unions, which want to return to work immediately, to affect a rapid resolution of this illegal blockade.

El Limon mine history

In 2009, B2Gold assumed ownership of the mine that had a long history of labour conflict, and was operating with an aged mill and mine equipment, and difficult work conditions. It was recognized at the outset that labour peace was vital to renew the mine and operate it successfully. B2Gold, working with the support of the Nicaraguan government to promote labour stability, and with three unions in co-operation, embarked on a program of investment and exploration designed to revitalize the El Limon mine, renewing the production fleet, the process facility and the mine infrastructure. Working conditions were improved, and the health and safety program was revitalized. Since 2009, the El Limon mine, the community and the work force have enjoyed stability, previously not thought possible. However, this year, the El Limon mine has been subjected to four aggressive disturbances and illegal strikes led by a group of people who have interrupted the mine's operations, and put at risk the welfare and physical integrity of the company's workers and functionaries.

Year to date, production at El Limon has met or exceeded budget, and, subject to a timely resolution of the current illegal dispute, the company expects to meet 2015 guidance of 55,000 to 65,000 ounces of gold, representing approximately 11 per cent of B2Gold's 2015 gold production.

We seek Safe Harbor.