ancouver, March 29, 2012 – B2Gold Corp. (TSX: BTO, OTCQX: BGLPF) (“B2Gold” or the “Company”) reports its results from its operations for the fourth quarter and year ended December 31, 2011. All dollar figures are in United States dollars unless otherwise indicated. Highlights from the fourth quarter and year ended include: 2011 Fourth Quarter Results  Record adjusted net earnings (1) of $23.3 million ($0.07 per share), an increase of 68% over the fourth quarter of 2010  Record cash flow from operations of $35.4 million ($0.10 per share)  Record gold revenue of $66.9 million  Record gold sales of 39,557 ounces  Record gold production of 38,808 ounces  Consolidated operating cash cost of $542 per ounce of gold  Increase of cash and cash equivalents to $102.3 million at quarter end 2011 Twelve Month Results  Record adjusted net earnings (1) of $80.5 million ($0.24 per share), an increase of 401% over 2010  Record cash flow from operations of $108.9 million ($0.32 per share)  Record gold revenue of $225.4 million  Record gold sales of 144,013 ounces  Record gold production of 144,604 ounces  Consolidated operating cash cost of $527 per ounce of gold  Full year gold production and operating cash cost per ounce within guidance Financial Results B2Gold reported adjusted net earnings (1) for the quarter, of $23.3 million ($0.07 per share) compared to $13.9 million ($0.04 per share) in the same period of 2010. Adjusted net income in the fourth quarter of 2011 was calculated by excluding a non-cash deferred income tax expense of $2.3 million, non-cash share-based compensation expense of $0.9 million and foreign exchange gains of $0.8 million. Cash flow from operating activities for the fourth quarter of 2011 was $35.4 million ($0.10 per share), compared to $22 million ($0.07 per share) in the fourth quarter of 2010, representing an increase of 61%. The increase reflects the Company’s continued strong operating performance and strength in gold prices. As a result, the Company remained in a strong financial position with $102.3 million in cash as at December 31, 2011. The Company is forecasting another record year for gold production in 2012, with consolidated production from La Libertad and Limon Mines estimated to total approximately 150,000 to 160,000 ounces of gold at a cash operating cost of approximately $590 to $625 per ounce. Average operating cash costs have been budgeted to be approximately 10% higher in 2012 compared to 2011 primarily due to a short term higher strip ratio at La Libertad and higher consumables and power costs.