B2Gold Corp. Completes IPO and Commences Trading

B2Gold Corp. Completes IPO and Commences Trading
"We're Back"

VANCOUVER, BRITISH COLUMBIA---Dec 6, 2007 -- B2Gold Corp. (the "Company")(CDNX:BTO.V ) is pleased to announce the completion of its initial public offering (the "Offering") of 40,000,000 common shares at a price of CDN$2.50 per share, for gross proceeds of CDN$100 million. The Company's common shares begin trading today on the TSX Venture Exchange under the symbol "BTO". The Offering was sold through a syndicate of Canadian underwriters. The Company has granted the underwriting syndicate an over-allotment option to purchase up to 6,000,000 common shares at the price of CDN $2.50 per share. The option is exercisable, in whole or in part, within the next 30 days to cover over-allotments if any, and for market stabilization purposes. If the option is exercised in full, gross proceeds of the Offering will be CDN$115 million.

B2Gold Corp. is a mineral exploration company founded by the former management team of Bema Gold Corporation ("Bema"). Bema, a former NYSE and TSX listed company, grew from a junior explorer to an international gold producer and was acquired by Kinross Gold Corporation ("Kinross") through a CDN$3.5 billion transaction in February 2007. Led by former Bema President and Chief Executive Officer Clive Johnson, B2Gold intends to capitalize on the extensive experience and relationships its management team has developed in the mining business over the past 25 years.

B2Gold's corporate objective is to build an intermediate gold company through exploration and acquisitions. As a private company, B2Gold amassed interests in an impressive portfolio of exploration properties that will be the focus of aggressive exploration and development drilling commencing in early 2008. In addition, the Company continues to pursue numerous exploration and development projects for potential acquisition. The strategy of entrepreneurship and sound corporate practices that defined Bema will continue at B2Gold.

The Company's assets include interests in three projects in Colombia: Gramalote, Quebradona and Miraflores and an interest in one project in far east Russia: Kupol East and West.

The Colombian properties are all part of arrangement with AngloGold Ashanti ("Anglo") which has the largest mineral rights land package in Colombia and is currently exploring several targets. Under a joint venture agreement with Anglo B2Gold will have the opportunity to acquire more exploration projects in Colombia.

Gramalote

The Gramalote gold property is located approximately 80 kilometres northeast of Medellin, the regional capital of the Department of Antioquia. Exploration work carried out to date has identified three target types within the Gramalote property including: an advanced phase target that has been tested by 43 drill holes and is ready for pre-feasibility stage drilling at Gramalote Ridge; outlying targets within four to five kilometres of Gramalote Ridge; and various early phase, rock and stream sediment sample anomalies within the 175 square kilometre area of interest at the Gramalote property.

B2Gold currently holds a 25% interest in the Gramalote property and has signed a non-binding memorandum of understanding with Anglo to increase B2Gold's interest to 51%.

In the first quarter of 2008 the Company will initiate a program at Gramalote that will include infill and exploration drilling and metallugical testing.

Quebradona

The Quebradona gold-porphyry property is located approximately 60 kilometres south-southwest of Medellin. Quebradona contains at least five early-phase exploration target areas, including La Aurora, La Isabela, La Sola, El Chaquiro and El Tenedor over a 6 by 4 kilometre region. Surface exploration, including trenching, completed on the property has returned widespread anomalous gold values indicative of the presence of potentially economic porphyry-style gold mineralization in each of the target areas. The proposed exploration program is intended to determine the existence of possible large-tonnage, low grade gold deposits that may be amenable to open-pit mining and low cost mineral extraction. Drilling is scheduled to commence in February 2008.

B2Gold currently has the right to earn a 51% interest in the Quebradona property, subject to certain back-in rights of Anglo.

Miraflores

The Miraflores gold property is located approximately 190 kilometres west-northwest of the Colombian capital of Bogota and approximately 55 kilometres north of Pereira, the regional capital of the Department of Risaralda. Various studies of the Miraflores property and its gold contents have been completed in the last 20 years, including studies by the Colombian government and international exploration companies. Initial diamond drilling and metallurgical test work completed have been successful at delineating a significant low-grade medium-tonnage gold occurrence that may be amenable to bulk tonnage mining and mineral extraction techniques.

B2Gold currently has the right to earn a 51% interest in the Miraflores property, subject to certain back-in rights of Anglo, but has signed a non-binding memorandum of understanding with Anglo to increase B2Gold's interest to 100%.

Based on the favourable exploration and metallurgical results to date, B2Gold is conducting additional drilling and metallurgical testing scheduled to commence in the first quarter of 2008.

Kupol East and West

B2Gold has rights to acquire a 37.5% interest, from Kinross, in the Kupol East and West licenses in Chukotka, Russia. These licenses cover the ground surrounding and adjacent to the high grade Kupol gold and silver mine that was being developed by Bema at the time of the Kinross takeover. Kupol is scheduled to commence production in the second half of 2008.

Previous exploration work carried out by Bema and most recently by B2Gold on the Kupol East and West licenses have outlined several mineralized targets that will be further explored through a program of soil sampling, trenching and drilling commencing in spring 2008.

B2Gold's President and CEO Clive Johnson commented: "Our management group, Board of Directors and employees are pleased by the positive response to the initial public offering of B2Gold shares. We are committed to building shareholder value through the exploration and development of our impressive portfolio of mineral properties".

The securities described in this release have not been and will not be registered under the United States Securities Act of 1933, as amended, and may not be offered or sold in the United States absent such registration or an exemption therefrom.

On behalf of B2GOLD CORP.

Clive Johnson, President, CEO

For more information on B2Gold please visit the Company web site at www.b2gold.com.

Some of the statements contained in this release are forward-looking statements, such as estimates and statements that describe the Company's future plans, objectives or goals, including words to the effect that the Company or management expects a stated condition or result to occur. Since forward-looking statements address future events and conditions, by their very nature, they involve inherent risks and uncertainties. Actual results in each case could differ materially from those currently anticipated in such statements.


The TSX Venture Exchange neither approves nor disapproves the information contained in this news release.


Contact: Contacts: B2Gold Corp. Ian MacLean Vice President, Investor Relations (604) 681-8371 Email: investor@b2gold.com B2Gold Corp. Kerry Suffolk Manager, Investor Relations (604) 681-8371 Email: investor@b2gold.com Website: http://www.b2gold.com
Source: B2Gold Corp.