B2Gold Announces an Updated Resource Calculation for the Gramalote Gold Property in Colombia

B2Gold is pleased to announce AngloGold Ashanti has completed a new JORC agold cradle plans rifflesnd National Instrument 43-101 compliant mineral resource estimate for the Gramalote Central Zone and Trinidad. The Gramalote property is a 51% - 49% AngloGold Ashanti - B2Gold joint venture, with AngloGold Ashanti as the manager, and is located 230 kilometres northwest of Bogota and 80 km northeast of Medellin in central Colombia.

Total measured and indicated resources at Gramalote Central at a 0.25 gram per tonne gold cut-off, within a US$1,600 per ounce gold optimised Whittle pit consists of 97.1 million tonnes grading 0.81 g/t gold for a total of 2.5 million troy ounces of gold. The Gramalote Central and Trinidad inferred resource is 95.7 million tonnes grading 0.44 g/t gold for a total of 1.36 million troy ounces of gold using similar parameters as the measured and indicated resource. The following table outlines the updated Gramalote resource calculation on a...