B2Gold Corp.
TSX VENTURE : BTO

B2Gold Corp.

March 25, 2008 09:20 ET

B2Gold Corp. Announces Commencement of Diamond Drill Program at the Kupol East & West Property, Russia

VANCOUVER, BRITISH COLUMBIA--(Marketwire - March 25, 2008) - B2Gold Corp. (TSX VENTURE:BTO) ("B2Gold" or the "Company") is pleased to announce that drilling has commenced on the Kupol West project, in the Chukotka Region in northeastern Russia. A total of 8,500 metres (m) of drilling is planned for 2008 with 5,500 m on the Kupol West project and 3,000 m on the Kupol East project.

On Kupol West, drilling will primarily test new targets generated during the 2007 and previous exploration programs. The drilling will test anomalous gold and silver results and significant epithermal alteration intersected during the 2007 drill campaign. Previous work indicates that the structural system and related alteration hosting the main Kupol Vein system extends up to 6 kilometres (km) north of the Kupol mine property boundary.

Drilling on the Kupol East Project is scheduled to start in early April 2008 once camp and drill mobilization is completed. The Prekup prospect will be drilled along strike and at depth and several targets will be tested in the Tokai area, including drilling along strike of an extensive sinter or silica cap zone. Historic trenching of the Prekup zone has returned values of up to 36.4 grams per tonne (g/t) gold (Au) with 87.9 g/t silver over 7.1 m.

B2Gold has the rights to acquire a 37.5% interest, from Kinross Gold Corporation ("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.

Tom Garagan, Senior Vice President of Exploration for B2Gold Corp., is the Qualified Person for this exploration project as defined by National Instrument 43-101.

About B2Gold Corp.

B2Gold is a Vancouver based mineral exploration and development company which completed a $100 million Initial Public Offering on the TSX Venture Exchange on December 6, 2007. B2Gold was founded by the former management team of Bema Gold Corporation which 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. The Company's corporate objective is to capitalize on the extensive experience and relationships that its management team has developed in the mining industry over the past 25 years to build an intermediate gold company through exploration and acquisitions.

ON BEHALF OF B2GOLD CORP.

Clive T. Johnson, President and Chief Executive Officer

The securities described herein 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 registration or an applicable exemption from registration requirements.

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 Information

  • B2Gold Corp.
    Ian MacLean
    Vice President, Investor Relations
    (604) 681-8371
    or
    B2Gold Corp.
    Kerry Suffolk
    Manager, Investor Relations
    (604) 681-8371
    Website: www.b2gold.com