B2Gold Corp. Completes IPO

On December 6, 2007, B2Gold Corp. (“B2Gold”) completed its initial public offering of common shares at a price of $2.50 per share for aggregate gross proceeds of $100 million, and its common shares were admitted to trading on the TSX Venture Exchange.

B2Gold 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 through a $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. B2Gold's assets presently include three projects in Colombia and an interest in one project in far east Russia.

B2Gold was represented by Senior Vice President, General Counsel and Secretary Roger Richer, and a team from Lawson Lundell LLP, which included Tony Ryan, Nathan Daniels, Michael Lee and Randall Chatwin.

The offering was sold through an underwriting syndicate led by Genuity Capital Markets, Canaccord Capital Corporation and GMP Securities L.P. and included BMO Nesbitt Burns Inc., Orion Securities Inc., and Haywood Securities Inc. The underwriters were represented by a team from Stikeman Elliott LLP which included Neville McClure, Thomas Wachowksi and Ian Putnam.


Randall C. Chatwin Anthony W. Ryan Nathan Daniels Thomas S. Wachowski Neville J. McClure Roger T. Richer Ian Putnam Michael L. Lee


Bema Gold Corporation Stikeman Elliott LLP