B2Gold Corp. (TSX:BTO) (NYSE:BTG) ("B2Gold" or the "Company") announces that the Toronto Stock Exchange (the "TSX") has accepted the notice of B2Gold's intention to renew its normal course issuer bid (the "NCIB").

The Company's decision to renew the NCIB is consistent with its shareholder return strategy, and reflective of the Company's belief that the market may undervalue the common shares of B2Gold (the "Shares") from time to time and that the Shares may trade in a price range which may not adequately reflect the value of the Shares in relation to the business, assets, and prospects of B2Gold from time to time and that purchases of Shares pursuant to the NCIB may represent an appropriate and desirable use of the Company's capital.

The Company had 1,337,359,749 Shares issued and outstanding as of March 20, 2026. The renewed TSX approval allows the Company to purchase up to 132,662,594 Shares, representing 10% of the public float as of March 20, 2026, over a period of twelve months commencing on April 3, 2026. The renewed NCIB will expire no later than April 2, 2027.

All purchases made pursuant to the NCIB will be made on the open market through the facilities of the TSX, the NYSE American, other designated exchanges and/or alternative trading systems or by such other means as may be permitted by applicable Canadian and U.S. securities laws. Purchases made on the open market through the facilities of the TSX, the NYSE American and alternative trading systems will be made at the prevailing market price at the time of purchase, or such other price as may be permitted by the TSX and applicable U.S. securities laws.

The Company will retain discretion whether to make purchases under the NCIB, if any, and to determine the timing, amount and acceptable price of any such purchases, subject at all times to applicable TSX and other regulatory requirements. The Shares purchased by B2Gold under the NCIB will be cancelled.