VANCOUVER, BRITISH COLUMBIA--(Marketwire - Dec. 5,

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Dec. 5, 2012) - B2Gold Corp. (TSX:BTO)(OTCQX:BGLPF)(PINKSHEETS:BGLPF)(NSX:B2G) ("B2Gold" or the "Company"), is pleased to announce that B2Gold Namibia, a subsidiary of B2Gold, has been granted a Mining Licence, valid for 20 years, by the Namibian Ministry of Mines for the Otjikoto gold project in Namibia. B2Gold has a 92% ownership interest in the Otjikoto gold project with local partner EVI Gold (Pty) Ltd having an 8% ownership interest. This licence was granted in accordance with the Namibian Minerals (Prospecting and Mining) Act No. 33 of 1992 and required completion of a full Environmental and Social Impact Assessment, completion of extensive public consultation, and receipt of Environmental Clearance from the Ministry of Environment and Tourism. This is the last major requirement prior to commencing full scale mine construction, which is scheduled to commence in the first quarter of 2013.

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