Mr. Clive Johnson reports

B2GOLD DECLARES FOURTH QUARTER 2023 DIVIDEND OF $0.04 PER SHARE

B2Gold Corp.'s board of directors has declared a cash dividend for the fourth quarter of 2023 of four cents per common share (or an expected 16 cents per share on an annualized basis), payable on Dec. 18, 2023, to shareholders of record as of Dec. 4, 2023. All dollar figures are in U.S. dollars unless otherwise indicated.

The company has previously implemented a dividend reinvestment plan (DRIP). For the purposes of the Q4 2023 dividend, the company is pleased to announce that a discount of 3 per cent will be applied to calculate the average market price (as defined in the DRIP) of its common shares issued from treasury. However, the company may, from time to time, in its discretion, change or eliminate any applicable discount, which would be publicly announced, all in accordance with the terms and conditions of the DRIP. Participation in the DRIP is optional. In order to participate in the DRIP in time for the Q4 2023 dividend, registered shareholders must deliver a properly completed enrolment form to Computershare Trust Company of Canada by no later than 4 p.m. Toronto time on Dec. 1, 2023. Beneficial shareholders who wish to participate in the DRIP should contact their financial adviser, broker, investment dealer, bank, financial institution or other intermediary through which they hold common shares well in advance of the above date for instructions on how to enroll in the DRIP.

As part of the long-term strategy to maximize shareholder value, B2Gold expects to declare future quarterly dividends at the same level. This dividend is designated as an eligible dividend for the purposes of the Income Tax Act (Canada). Dividends paid by B2Gold to shareholders outside Canada (non-resident investors) will be subject to Canadian non-resident withholding taxes.

The declaration and payment of future dividends and the amount of any such dividends will be subject to the determination of the board, in its sole and absolute discretion, taking into account, among other things, economic conditions, business performance, financial condition, growth plans, expected capital requirements, compliance with B2Gold's constating documents, all applicable laws, including the rules and policies of any applicable stock exchange, as well as any contractual restrictions on such dividends, including any agreements entered into with lenders to the company, and any other factors that the board deems appropriate at the relevant time. There can be no assurance that any dividends will be paid at the intended rate or at all in the future.

For more information regarding the DRIP and enrolment in the DRIP, please refer to the company's website.

About B2Gold Corp.

B2Gold is a low-cost international senior gold producer headquartered in Vancouver, Canada. Founded in 2007, today, B2Gold has operating gold mines in Mali, Namibia and the Philippines, a mine under construction in Northern Canada, and numerous development and exploration projects in various countries, including Mali, Colombia and Finland. B2Gold forecasts total consolidated gold production of between one million and 1.08 million ounces in 2023.

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